Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.061%

Price spread now: Gate against edgeX−0.014%97s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.541% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.014%, 7d avg −0.031%

Together, before fees−0.349%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.204	0.0009	pay 0.0005% / 4h	3h 57m	$220K	$234K	20x
Short	Gate BZ_USDT	96.190	0	get 0.0000% / 8h	7h 57m	$9.2M	$14.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$1.89
Price spread: −0.014% → −0.031%: $1.64
Slippage, 4 orders: −$30.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.37
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from edgeX: live order book, 14 min ago; Gate: live order book, 1 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 edgeX live order book, 14 min ago	10.40 bp	14.9 bp −$15	15.9 bp −$159	64.3 bp −$6,428	doesn't fit
Sell Gate live order book, 1 min ago	0.52 bp	13.3 bp −$13	24.9 bp −$249	31.2 bp −$3,121	44.6 bp −$22.3K

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.315	+0.115%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.748%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.139%	$232K	$484K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.006%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.195	−0.009%	$145.8M	$442.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.160	−0.046%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	−0.066%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.287	+0.086%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.190	−0.014%	$9.2M	$14.2M	100x
Bitget BZUSDT	0.0000%	4h	96.200	−0.004%	$27.6M	$20.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.202	−0.002%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.220	+0.017%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.310	+0.110%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.330	+0.131%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	+0.027%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.390	+0.193%	$1.2M	$95K	100x	as long as short
BloFin BZ-USDT	+0.0003%	4h	96.280	+0.079%	$1.5M	$95K	50x	as long as short
edgeX BZUSDClong	+0.0009%	4h	96.204	long leg	$220K	$234K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.840	+0.662%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.346	+0.148%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	96.165	−0.040%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.33	+4.289%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	96.320	+0.121%	$33K	—	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.210	+0.006%	$150.9M	$144.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.336	+0.137%	$1.5M	$502K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.220	+0.017%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0072%	1h	96.170	−0.035%	$3.4M	$4.2M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	96.086	−0.123%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.220	+0.017%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.230	+0.027%	$25K	$271K	50x	as long as short
Extended XBR-USD	+0.0192%	1h	96.236	+0.033%	$774K	$5.3M	10x	as long as short