Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Gate−0.021%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.021%, 7d avg +0.069%

Together, before fees+0.016%+$2 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: SunX is 0.090% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.230	0	get 0.0000% / 8h	3h 50m	$9.2M	$12.1M	100x
Short	SunX BRENTOIL-USDT	97.210	0	get 0.0000% / 4h	3h 50m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.069%: −$8.95
Slippage, 4 orders: −$49.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.72
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SunX: live order book, 6 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, 3 min ago	1.03 bp	11.6 bp −$12	16.6 bp −$166	29.5 bp −$2,945	41.7 bp −$20.9K
Sell SunX live order book, 6 min ago	18.52 bp	26.4 bp −$26	35.1 bp −$351	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.333	−0.923%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	+0.041%	$233K	$439K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.280	+0.051%	$104K	$239K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.265	+0.036%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.272	+0.044%	$147.3M	$368.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.250	+0.021%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.270	+0.041%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.270	+0.041%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.230	long leg	$9.2M	$12.1M	100x
Bitget BZUSDT	0.0000%	4h	97.270	+0.041%	$27.8M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.258	+0.029%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.183	−0.048%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.210	−0.021%	$4K	$2.5M	20x
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.093%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.280	+0.051%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	0.0000%	4h	97.290	+0.062%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.161	−0.071%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.835	+0.622%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.250	+0.021%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0030%	1h	101.29	+4.176%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.300	+0.072%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.291	+0.062%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.268	+0.039%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.301	+0.073%	$153.5M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.318	+0.091%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.140	−0.093%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.285	+0.057%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.290	+0.062%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	0.000%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0114%	1h	97.201	−0.029%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0229% / S −0.0263%	1h	97.275	+0.046%	$126K	—	111x	as long as short