Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Extended against Gate+0.063%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.063%, 7d avg +0.038%

Together, before fees+0.073%+ Points / potential airdropExtended: Active · farm board+$7 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 Extended is 0.025% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	95.850	0	get 0.0000% / 8h	7h 11m	$9.1M	$11.0M	100x
Short	Extended XBR-USD	95.911	0.0032	get 0.0004% / 1h	11m 30s	$745K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.063%Rate

Funding earned: $6.72
Price spread: +0.063% → +0.038%: $2.52
Slippage, 4 orders: −$11.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.86
Costs to cover: 0.311%
Break-even: 29.8 days

Slippage from Gate: live order book, 2 min ago; Extended: 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	11.7 bp −$12	19.7 bp −$197	32.0 bp −$3,201	44.3 bp −$22.1K
Sell Extended live order book, 2 min ago	0.42 bp	4.5 bp −$5	15.5 bp −$155	doesn't fit	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0376%	1h	95.770	−0.083%	$98K	$269K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	+0.513%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0112%	4h	96.478	+0.656%	$13K	$327K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0094%	1h	95.770	−0.083%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.930	+0.083%	$275K	$583K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.840	−0.011%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.852	+0.002%	$81K	$201K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.856	+0.006%	$332K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.880	+0.031%	$146.6M	$367.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.880	+0.031%	$10.2M	$14.0M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.910	+0.063%	$16.0M	$21.0M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	95.850	long leg	$9.1M	$11.0M	100x
Bitget BZUSDT	0.0000%	4h	95.930	+0.083%	$27.6M	$20.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.531	+0.710%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.850	0.000%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	+0.094%	$275K	$252K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.050	+0.209%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	99.550	+3.860%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.389	+0.562%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.340	+0.511%	$1.5M	$100K	50x	as long as short
edgeX BZUSDC	+0.0019%	4h	96.527	+0.706%	$223K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.870	+0.021%	$3.4M	$4.6M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	95.911	+0.063%	$745K	$2.6M	10x
Paradex BZ-USD-PERP	+0.0036%	8h	95.870	+0.021%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.926	+0.079%	$151.8M	$120.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.930	+0.083%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0054%	1h	96.485	+0.662%	$7K	$39K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	96.090	+0.250%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	+0.073%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.000	+0.156%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0705%	1h	95.805	−0.047%	$33K	—	111x	as long as short