Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Gate against Injective+0.825%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.825% dearer against Injective than usual: you sell high and buy low: +$82 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	Injective BRENT/USDC PERP	95.086	−0.0220	get 0.0028% / 1h	32m 53s	$8K	$7K	30x
Short	Gate BZ_USDT	95.870	0	get 0.0000% / 8h	1h 32m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +0.825%Rate

Funding earned: $46.2
Price spread: +0.825% → 0.000%: $82.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $113.63
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	1.57 bp	15.3 bp −$15	23.3 bp −$233	31.6 bp −$3,165	44.4 bp −$22.2K

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 −0.0848% / S +0.0467%	1h	95.915	+0.872%	$120K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0298%	1h	95.930	+0.888%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERPlong	−0.0220%	1h	95.086	long leg	$8K	$7K	30x
Hotstuff BRENTOIL-PERP	−0.0136%	1h	95.960	+0.919%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.939	+0.897%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+1.014%	$232K	$661K	15x	as long as short
BloFin BZ-USDT	−0.0007%	4h	95.890	+0.846%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.921	+0.878%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.930	+0.888%	$145.5M	$480.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.910	+0.867%	$10.2M	$16.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.910	+0.867%	$15.8M	$27.5M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.870	+0.825%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	95.910	+0.867%	$27.4M	$22.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.904	+0.860%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.920	+0.877%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.920	+0.877%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.950	+0.909%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	+0.825%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.920	+0.877%	$1.2M	$100K	100x	as long as short
Paradex BZ-USD-PERP	+0.0002%	8h	95.942	+0.900%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0004%	1h	95.928	+0.886%	$5K	$45K	5x	as long as short
edgeX BZUSDC	+0.0014%	4h	95.914	+0.870%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.930	+0.888%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.900	+0.856%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.860	+5.021%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.949	+0.908%	$147.5M	$146.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.972	+0.932%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	+0.877%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.970	+0.930%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	95.955	+0.914%	$81K	$240K	20x	as long as short