Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Binance against Gate+0.052%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 2 days (all we have)+0.008%+$1 · spread now +0.052%, 7d avg +0.057%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.560	0	get 0.0000% / 8h	7h 12m	$9.2M	$14.4M	100x
Short	Binance BZUSDT	96.610	0	get 0.0000% / 4h	3h 12m	$145.7M	$406.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.057%: −$0.5
Slippage, 4 orders: −$9.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.83
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Binance: live order book, 16 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 Gate live order book, 1 min ago	1.03 bp	12.2 bp −$12	21.1 bp −$211	30.0 bp −$3,005	41.4 bp −$20.7K
Sell Binance live order book, 16 min ago	0.52 bp	5.5 bp −$6	6.6 bp −$66	14.7 bp −$1,470	41.7 bp −$20.9K

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	95.731	−0.859%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	+0.093%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0057%	4h	96.640	+0.083%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.634	+0.077%	$336K	$1.2M	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.610	+0.052%	$145.7M	$406.1M	100x
Bybit BZUSDT	0.0000%	8h	96.590	+0.031%	$10.4M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.600	+0.041%	$15.9M	$24.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.607	+0.049%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.560	long leg	$9.2M	$14.4M	100x
Bitget BZUSDT	0.0000%	4h	96.610	+0.052%	$27.6M	$18.0M	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	96.630	+0.073%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.673	+0.117%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.670	+0.114%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.660	+0.104%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.500	−0.062%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.620	+0.062%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	96.651	+0.094%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.185	+0.647%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.668	+0.112%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.610	+0.052%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.615	+0.057%	$725K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	96.570	+0.010%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0045%	8h	96.608	+0.049%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.70	+4.287%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.641	+0.084%	$151.6M	$139.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.712	+0.157%	$1.5M	$506K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	96.640	+0.083%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.650	+0.093%	$3.8M	$966K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.680	+0.124%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0132%	1h	96.655	+0.098%	$121K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0358%	1h	96.660	+0.104%	$7K	$45K	5x	as long as short