Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against gTrade (Gains Network)−0.293%68s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on edgeX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.293% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	98.106	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	51m 55s	—	—	—
Short	edgeX BZUSDC	97.818	0.0015	get 0.0008% / 4h	51m 55s	$225K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $0.78
Price spread: −0.293% → 0.000%: −$29.35
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.57
Costs to cover: 0.190%
Break-even: 435.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 50 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 50 min ago	10.23 bp	14.7 bp −$15	16.7 bp −$167	65.9 bp −$6,592	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	97.155	−0.969%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.520	−0.597%	$100K	$253K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.414%	$237K	$415K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.620	−0.495%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.590	−0.526%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.555	−0.562%	$339K	$868K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.560	−0.557%	$148.6M	$353.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.540	−0.577%	$10.2M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.550	−0.567%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.543	−0.574%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.500	−0.618%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.560	−0.557%	$28.0M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.787	−0.325%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.709	−0.405%	$25K	$321K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.620	−0.495%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.410	−0.709%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	−0.516%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	101.71	+3.674%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	98.106	long leg	—	—	—
edgeX BZUSDCshort	+0.0015%	4h	97.818	−0.293%	$225K	$227K	20x
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.577%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.562	−0.555%	$733K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.551	−0.565%	$3K	$639	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.567	−0.549%	$155.4M	$114.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.610	−0.506%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.510	−0.608%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.640	−0.475%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.530	−0.587%	$3.8M	$806K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.810	−0.302%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.563	−0.554%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.525	−0.592%	$116K	—	111x	as long as short