Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.021%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.066%−$7 · spread now −0.021%, 7d avg −0.050%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.820	0	get 0.0000% / 8h	5h 34m	$10.3M	$13.3M	100x
Short	Gate BZ_USDT	96.800	0	get 0.0000% / 8h	5h 34m	$9.2M	$12.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.050%: $2.96
Slippage, 4 orders: −$13.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.14
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	0.52 bp	9.4 bp −$9	12.2 bp −$122	84.0 bp −$8,398	doesn't fit
Sell Gate live order book, 4 min ago	1.03 bp	10.3 bp −$10	18.8 bp −$188	28.9 bp −$2,892	41.1 bp −$20.5K

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	96.164	−0.678%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	+0.031%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.850	+0.031%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.850	+0.031%	$146.6M	$374.4M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.820	long leg	$10.3M	$13.3M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.840	+0.021%	$15.9M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.827	+0.008%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.800	−0.021%	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.860	+0.041%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.786	−0.035%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.821	+0.001%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.870	+0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.840	+0.021%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.760	−0.062%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.850	+0.031%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.804	−0.016%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.391	+0.590%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.840	+0.021%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.867	+0.048%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.89	+4.204%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0046%	4h	96.770	−0.052%	$1.5M	$86K	50x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.841	+0.022%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.863	+0.044%	$151.8M	$125.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.900	+0.083%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.770	−0.052%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	96.870	+0.052%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.870	+0.052%	$3.8M	$873K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.810	−0.010%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0049%	1h	96.845	+0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0182%	1h	96.864	+0.045%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.870	+0.051%	$83K	$218K	20x	as long as short