Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against Gate+0.600%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.600% dearer against Gate than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.460	0	get 0.0000% / 8h	2h 51m	$9.2M	$11.6M	100x
Short	gTrade (Gains Network) BRENT/USD	98.044	L +0.0011% / S −0.0011%	get 0.0001% / 1h	51m 54s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.600%Rate

Funding earned: $2.34
Price spread: +0.600% → 0.000%: $59.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $37.29
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	9.5 bp −$10	17.9 bp −$179	29.8 bp −$2,975	40.8 bp −$20.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	96.684	−0.796%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	0.000%	$237K	$443K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.480	+0.021%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.492	+0.033%	$147.5M	$364.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.490	+0.031%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.510	+0.051%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.481	+0.021%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.460	long leg	$9.2M	$11.6M	100x
Bitget BZUSDT	0.0000%	4h	97.500	+0.041%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.458	−0.002%	$9.3M	$6.9M	—	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	97.470	+0.010%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	+0.041%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	−0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.051%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.451	−0.010%	$224K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.489	+0.030%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	98.044	+0.600%	—	—	—
Vest BZ-PERP	+0.0021%	1h	101.57	+4.217%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	+0.031%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.500	+0.041%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.498	+0.039%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.501	+0.042%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.524	+0.066%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.010%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0058%	4h	97.460	0.000%	$1.5M	$97K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0063%	1h	97.475	+0.015%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.520	+0.062%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	+0.092%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.440	−0.021%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0289% / S −0.2084%	1h	97.495	+0.036%	$115K	—	111x	as long as short