Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.027%
Price spread now: gTrade (Gains Network) against Coinbase International+0.542%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.542% dearer against Coinbase International than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BRENTOIL-PERP-INTX97.530−0.0096get 0.0012% / 1h30m 34s$235K$434K15x
ShortgTrade (Gains Network) BRENT/USD98.058L +0.0011% / S −0.0011%get 0.0001% / 1h30m 34s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Coinbase International. 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

Funding earned
$22.5
Price spread: +0.542% → 0.000%
$54.16
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$56.66
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 17 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 17 min ago1.03 bp6.5 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.783−0.766%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTXlong−0.0096%1h97.530long leg$235K$434K15x
BloFin BZ-USDT−0.0025%4h97.510−0.021%$1.5M$97K50xas long as short
Aster BZUSDT0.0000%4h97.526−0.004%$339K$930K50xas long as short
Binance BZUSDT0.0000%4h97.520−0.010%$147.7M$362.5M100xas long as short
Bybit BZUSDT0.0000%8h97.520−0.010%$10.4M$12.6M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.520−0.010%$16.1M$20.5M50xas long as short
RISEx BZ/USDC0.0000%1h97.498−0.033%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.480−0.051%$9.2M$11.6M100xas long as short
Bitget BZUSDT0.0000%4h97.520−0.010%$28.0M$16.5M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.490−0.041%$9.4M$7.0Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.487−0.044%$34K$327K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.5300.000%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.510−0.021%$101K$249K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.500−0.031%$280K$253K75xas long as short
Phemex XBRUSDT0.0000%4h97.500−0.031%$1.2M$83K100xas long as short
edgeX BZUSDC+0.0002%4h97.479−0.052%$224K$229K20xas long as short
Kraken Futures PF_BRENTOILUSD+0.0009%1h97.519−0.011%$82K$208K20xas long as short
gTrade (Gains Network) BRENT/USDshortL +0.0011% / S −0.0011%1h98.058+0.542%
Hotstuff BRENTOIL-PERP+0.0016%1h97.510−0.021%$34K20xas long as short
Vest BZ-PERP+0.0018%1h101.58+4.153%$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.520−0.010%$3.2M$4.6M20xas long as short
Extended XBR-USD+0.0032%1h97.522−0.009%$680K$3.7M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.522−0.008%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.545+0.015%$154.0M$124.3M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.562+0.033%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.460−0.072%$3.1M$1.0M15xas long as short
Aftermath Perps BRENTUSD+0.0052%1h97.540+0.010%$7K$42K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.5300.000%$3.8M$837K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.510−0.021%$26K$274K50xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0312% / S −0.2547%1h97.515−0.015%$115K111xas long as short