Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0312%/8h= −34.2% APRpaid last 24h +0.002%

Price spread now: Gate against Extended−0.062%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.062%, 7d avg −0.040%

Together, before fees−0.318%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.021% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.009	0.0312	pay 0.0039% / 1h	51m 59s	$670K	$5.2M	10x
Short	Gate BZ_USDT	95.950	0	get 0.0000% / 8h	51m 59s	$9.2M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: −$65.52
Price spread: −0.062% → −0.040%: −$2.13
Slippage, 4 orders: −$18.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.57
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Gate: live order book, 2 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 Extended live order book, 2 min ago	1.41 bp	5.4 bp −$5	16.4 bp −$164	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.52 bp	14.7 bp −$15	24.2 bp −$242	32.5 bp −$3,251	44.7 bp −$22.3K

BZ on 30 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	95.975	−0.036%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.667%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.053%	$232K	$577K	15x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0039%	1h	96.043	+0.035%	$147.7M	$143.7M	20x	as long as short
RISEx BZ/USDC	−0.0020%	1h	95.990	−0.020%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.108	+0.103%	$334K	$1.4M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.980	−0.030%	$145.6M	$471.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.990	−0.020%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.970	−0.041%	$15.8M	$26.9M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.950	−0.062%	$9.2M	$16.3M	100x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.990	−0.020%	$27.4M	$21.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.081	+0.075%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.088	+0.082%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.990	−0.020%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.010	+0.001%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.072%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.980	−0.030%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0014%	4h	96.076	+0.070%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0023%	8h	95.984	−0.026%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0027%	4h	95.980	−0.030%	$1.5M	$95K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0027%	1h	96.054	+0.047%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.15	+4.313%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.056	+0.049%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.020	+0.011%	$3.7M	$992K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.126%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.020	+0.011%	$81K	$235K	20x	as long as short
Lighter BRENTOIL	+0.0120%	1h	96.030	+0.022%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0136%	1h	95.960	−0.051%	$3.0M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	96.080	+0.074%	$33K	—	20x	as long as short
Extended XBR-USDlong	+0.0312%	1h	96.009	long leg	$670K	$5.2M	10x