Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Gate+0.021%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.021%, 7d avg +0.055%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.035% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.280	0	get 0.0000% / 8h	4h 42m	$9.2M	$12.2M	100x
Short	OKX BZ-USDT-SWAP	97.300	0	get 0.0000% / 4h	42m 27s	$16.1M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.055%: −$3.49
Slippage, 4 orders: −$9.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.61
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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	1.03 bp	11.7 bp −$12	17.1 bp −$171	32.7 bp −$3,274	44.6 bp −$22.3K
Sell OKX live order book, 1 min ago	0.51 bp	6.1 bp −$6	8.8 bp −$88	29.3 bp −$2,926	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	96.376	−0.929%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.041%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.370	+0.093%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0012%	4h	97.330	+0.051%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.297	+0.017%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.330	+0.051%	$147.2M	$371.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.310	+0.031%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.300	+0.021%	$16.1M	$20.5M	50x
RISEx BZ/USDC	0.0000%	1h	97.316	+0.037%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.280	long leg	$9.2M	$12.2M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.340	+0.062%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.257	−0.024%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.295	+0.015%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	+0.082%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.340	+0.062%	$104K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.200	−0.082%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.051%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.213	−0.069%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.869	+0.606%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	+0.072%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.342	+0.064%	$678K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0035%	1h	101.36	+4.194%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.326	+0.048%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.351	+0.073%	$152.9M	$124.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.377	+0.100%	$1.6M	$494K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.260	−0.021%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.340	+0.062%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.320	+0.041%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0102%	1h	97.314	+0.035%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.355	+0.077%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.335	+0.057%	$126K	—	111x	as long as short