Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.001%

Price spread now: edgeX against Gate+0.041%82s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.041%, 7d avg +0.021%

Together, before fees+0.036%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 82 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	Gate BZ_USDT	97.200	−0.0024	get 0.0024% / 8h	7h 51m	$9.2M	$10.3M	100x
Short	edgeX BZUSDC	97.240	0.0006	get 0.0003% / 4h	3h 51m	$223K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $6.3
Price spread: +0.041% → +0.021%: $2.07
Slippage, 4 orders: −$28.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$43.76
Costs to cover: 0.521%
Break-even: 55.7 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 45 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	1.03 bp	12.1 bp −$12	18.3 bp −$183	29.5 bp −$2,955	40.6 bp −$20.3K
Sell edgeX live order book, 45 min ago	10.27 bp	14.8 bp −$15	15.9 bp −$159	60.4 bp −$6,036	doesn't fit

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	96.342	−0.883%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.250	+0.051%	$100K	$259K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0116%	4h	97.241	+0.042%	$14K	$332K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0074%	1h	97.180	−0.021%	$3.1M	$989K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.288%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.223	+0.024%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTlong	−0.0024%	8h	97.200	long leg	$9.2M	$10.3M	100x
Bybit BZUSDT	−0.0002%	8h	97.240	+0.041%	$10.3M	$13.4M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.241	+0.042%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.311	+0.114%	$338K	$860K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	97.259	+0.061%	$148.4M	$352.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.230	+0.031%	$16.1M	$19.8M	50x	as long as short
Bitget BZUSDT	0.0000%	4h	97.270	+0.072%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.279	+0.081%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	+0.051%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.210	+0.010%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.360	+0.165%	$1.2M	$86K	100x	as long as short
edgeX BZUSDCshort	+0.0006%	4h	97.240	+0.041%	$223K	$229K	20x
Vest BZ-PERP	+0.0010%	1h	101.25	+4.167%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	+0.583%	—	—	—	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.240	+0.041%	$1.5M	$99K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.220	+0.021%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.250	+0.051%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.293	+0.096%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.241	+0.043%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.281	+0.083%	$155.3M	$115.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.260	+0.062%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	97.326	+0.129%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.230	+0.031%	$3.8M	$798K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.200	0.000%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.245	+0.046%	$115K	—	111x	as long as short