Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: Injective against Gate−0.523%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.523% cheaper against Gate than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	95.900	0	get 0.0000% / 8h	2h 26m	$9.1M	$19.1M	100x
Short	Injective BRENT/USDC PERP	95.398	−0.0220	pay 0.0028% / 1h	26m 43s	$10K	$4K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.523%Rate

Funding earned: −$46.2
Price spread: −0.523% → 0.000%: −$52.35
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$113.57
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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	1.56 bp	14.0 bp −$14	23.0 bp −$230	34.3 bp −$3,426	46.5 bp −$23.2K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0660% / S +0.0457%	1h	95.965	+0.068%	$114K	—	29x	as long as short
Injective BRENT/USDC PERPshort	−0.0220%	1h	95.398	−0.523%	$10K	$4K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.156%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	95.940	+0.042%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.996	+0.100%	$335K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.939	+0.040%	$145.4M	$488.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.960	+0.063%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.930	+0.031%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.944	+0.046%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	95.900	long leg	$9.1M	$19.1M	100x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.930	+0.031%	$27.5M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.981	+0.084%	$9.5M	$11.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	+0.073%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	+0.083%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.970	+0.073%	$103K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.890	−0.010%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.950	+0.052%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	95.961	+0.064%	$220K	$234K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.936	+0.037%	$669K	$5.2M	10x	as long as short
Lighter BRENTOIL	+0.0040%	1h	95.950	+0.052%	$3.3M	$4.4M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.327%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.034	+0.140%	$1.5M	$549K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.890	−0.010%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0052%	8h	95.956	+0.059%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0087%	1h	96.021	+0.126%	$148.2M	$147.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.021%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.050	+0.156%	$25K	$270K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0157%	1h	96.021	+0.126%	$6K	$45K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.990	+0.094%	$81K	$263K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0384%	1h	96.040	+0.146%	$33K	—	20x	as long as short