Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against GRVT+0.524%112s7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.524% dearer against GRVT than usual: you sell high and buy low: +$52 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	95.510	−0.0048	get 0.0024% / 4h	2h 17m	$14K	$320K	25x
Short	gTrade (Gains Network) BRENT/USD	96.010	L +0.0011% / S −0.0011%	get 0.0001% / 1h	17m 36s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GRVT. 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 GRVTbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.524%Rate

Funding earned: $12.42
Price spread: +0.524% → 0.000%: $52.39
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $45.81
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GRVT: live order book, 32 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 GRVT live order book, 32 min ago	2.61 bp	7.1 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
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 exchanges

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	−0.0379%	1h	95.400	−0.115%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.424	−0.090%	$94K	$245K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.387	−0.129%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.380	−0.136%	$270K	$644K	15x	as long as short
GRVT BZ_USDT_Perplong	−0.0048%	4h	95.510	long leg	$14K	$320K	25x
Bybit BZUSDT	−0.0002%	8h	95.420	−0.094%	$10.0M	$15.3M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.419	−0.095%	$329K	$700K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.440	−0.073%	$147.1M	$418.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.430	−0.084%	$16.2M	$24.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.350	−0.168%	$9.1M	$12.5M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.410	−0.105%	$27.9M	$25.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.465	−0.047%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.480	−0.031%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.480	−0.031%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.460	−0.052%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	96.010	+0.524%	—	—	—
Vest BZ-PERP	+0.0019%	1h	99.120	+3.780%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0020%	4h	95.482	−0.029%	$219K	$231K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0021%	1h	95.330	−0.188%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.400	−0.115%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.436	−0.077%	$701K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.706%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.395	−0.120%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0042%	1h	95.544	+0.036%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0049%	4h	95.490	−0.021%	$1.6M	$108K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.407	−0.108%	$147.8M	$137.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.414	−0.101%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.450	−0.063%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	+0.010%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.485	−0.026%	$33K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0272%	1h	95.400	−0.115%	$33K	—	20x	as long as short