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 0.000%

Price spread now: Bitget against Gate+0.062%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.062%, 7d avg +0.069%

Together, before fees+0.128%+$13 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	96.820	0	get 0.0000% / 8h	5h 42m	$9.2M	$12.3M	100x
Short	Bitget BZUSDT	96.880	0	get 0.0000% / 4h	1h 42m	$27.4M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.069%: −$0.71
Slippage, 4 orders: −$11.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.19
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago	0.52 bp	11.0 bp −$11	18.2 bp −$182	29.7 bp −$2,970	40.6 bp −$20.3K
Sell Bitget live order book, 2 min ago	0.52 bp	8.2 bp −$8	10.1 bp −$101	27.0 bp −$2,703	58.1 bp −$29.1K

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	96.207	−0.633%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.010%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.853	+0.034%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.870	+0.052%	$146.5M	$374.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.850	+0.031%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.860	+0.041%	$15.9M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.858	+0.039%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.820	long leg	$9.2M	$12.3M	100x
Bitget BZUSDTshort	0.0000%	4h	96.880	+0.062%	$27.4M	$16.4M	100x
Variational Omni BZ	0.0000%	4h	96.888	+0.070%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.931	+0.115%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.880	+0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.870	+0.052%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.860	+0.041%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.870	+0.052%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	96.869	+0.051%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.413	+0.612%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.910	+0.093%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.880	+0.062%	$3.3M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.886	+0.068%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0045%	1h	100.93	+4.245%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.854	+0.035%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.897	+0.080%	$151.8M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.922	+0.105%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.800	−0.021%	$3.1M	$1.1M	15x	as long as short
BloFin BZ-USDT	+0.0051%	4h	96.860	+0.041%	$1.5M	$86K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.940	+0.124%	$3.8M	$874K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	+0.052%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0055%	1h	96.855	+0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0193%	1h	96.929	+0.113%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.875	+0.057%	$83K	$218K	20x	as long as short