Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.005%

Price spread now: BloFin against Gate−0.021%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.021%, 7d avg +0.040%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.061% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	94.440	0	get 0.0000% / 8h	4h 50m	$8.8M	$13.0M	100x
Short	BloFin BZ-USDT	94.420	−0.0048	pay 0.0024% / 4h	50m 34s	$1.5M	$123K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$10.08
Price spread: −0.021% → +0.040%: −$6.12
Slippage, 4 orders: −$10.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$53.63
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 5 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	1.06 bp	11.7 bp −$12	19.6 bp −$196	33.4 bp −$3,342	45.9 bp −$23.0K
Sell BloFin live order book, 5 min ago	0.53 bp	7.2 bp −$7	10.1 bp −$101	29.7 bp −$2,966	doesn't fit

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
RISEx BZ/USDC	−0.0384%	1h	94.422	−0.019%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0336%	1h	94.431	−0.009%	$107K	$274K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0279%	1h	94.430	−0.011%	$29K	$384K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.307%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0058%	8h	94.440	0.000%	$10.3M	$17.4M	100x	as long as short
BloFin BZ-USDTshort	−0.0048%	4h	94.420	−0.021%	$1.5M	$123K	50x
Binance BZUSDT	−0.0023%	4h	94.459	+0.020%	$145.5M	$464.7M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−0.099%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.370	−0.074%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.456	+0.017%	$324K	$634K	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	94.440	0.000%	$15.8M	$28.6M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	94.440	long leg	$8.8M	$13.0M	100x
Bitget BZUSDT	0.0000%	4h	94.510	+0.074%	$27.4M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	−0.032%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.440	0.000%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.340	−0.106%	$242K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.400	−0.042%	$1.2M	$93K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	94.315	−0.132%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.959	+0.549%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.120	+3.897%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.460	+0.021%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.485	+0.047%	$762K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.419%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.471	+0.033%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.519	+0.084%	$140.7M	$184.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.460	+0.021%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.380	−0.064%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.450	+0.011%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.420	−0.021%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.425	−0.016%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	+0.042%	$33K	—	20x	as long as short