Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: KuCoin against gTrade (Gains Network)−0.612%7-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 KuCoin

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—needs both histories

Funding pays, the price is against you. KuCoin is 0.612% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.612% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 23 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	95.364	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	44m 11s	—	—	—
Short	KuCoin BZUSDTM	94.780	0.0100	get 0.0050% / 4h	44m 11s	$3.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.612%Rate

Funding earned: $18.6
Price spread: −0.612% → 0.000%: −$61.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.61
Costs to cover: 0.220%
Break-even: 31.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.11 bp	12.2 bp −$12	47.5 bp −$475	doesn't fit	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 exchanges

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0488%	1h	94.800	−0.591%	$29K	$383K	15x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.719	−0.676%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.764	−0.629%	$108K	$279K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.770	−0.623%	$252K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0066%	8h	94.770	−0.623%	$10.4M	$18.3M	100x	as long as short
Binance BZUSDT	−0.0023%	4h	94.820	−0.570%	$146.1M	$481.5M	100x	as long as short
BloFin BZ-USDT	−0.0023%	4h	94.970	−0.413%	$1.5M	$125K	50x	as long as short
edgeX BZUSDC	−0.0022%	4h	94.780	−0.612%	$218K	$231K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0004%	4h	94.711	−0.685%	$16K	$297K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.881	−0.506%	$328K	$684K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.810	−0.581%	$15.8M	$30.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.750	−0.644%	$8.9M	$13.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.810	−0.581%	$27.5M	$31.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.951	−0.433%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.770	−0.623%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.760	−0.633%	$243K	$313K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	−0.455%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0006%	1h	94.740	−0.655%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	95.364	long leg	—	—	—
Vest BZ-PERP	+0.0015%	1h	98.520	+3.310%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.820	−0.570%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.868	−0.519%	$754K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.553%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	94.762	−0.631%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.790	−0.602%	$143.4M	$189.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.772	−0.620%	$1.5M	$543K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.730	−0.665%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	94.780	−0.612%	$3.3M	$1.2M	50x
ApeX Omni BZUSDT	+0.0100%	1h	94.960	−0.423%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.835	−0.554%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	−0.927%	$33K	—	20x	as long as short