Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against KuCoin+0.148%90s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.148% dearer against KuCoin than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days. The two prices were read 90 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	KuCoin BZUSDTM	94.140	0.0100	pay 0.0050% / 4h	1h 45m	$3.5M	$1.2M	50x
Short	gTrade (Gains Network) BRENT/USD	94.280	L +0.0011% / S −0.0011%	get 0.0001% / 1h	45m 51s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.148%Rate

Funding earned: −$18.66
Price spread: +0.148% → 0.000%: $14.83
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.83
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.53 bp	12.5 bp −$12	39.6 bp −$396	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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	93.860	−0.297%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0388%	1h	93.990	−0.159%	$39K	$379K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.955	−0.197%	$98K	$268K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.854	−0.304%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.739%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0087%	8h	94.210	+0.074%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.319%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	93.947	−0.205%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0035%	4h	94.218	+0.083%	$145.4M	$471.0M	100x	as long as short
edgeX BZUSDC	−0.0023%	4h	93.931	−0.222%	$216K	$231K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.206	+0.070%	$323K	$812K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.180	+0.042%	$15.8M	$28.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.160	+0.021%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.240	+0.106%	$27.7M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	−0.264%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.920	−0.234%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.910	−0.244%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.240	+0.106%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	94.280	+0.148%	—	—	—
Vest BZ-PERP	+0.0018%	1h	97.610	+3.686%	—	$736K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0027%	1h	94.223	+0.088%	$129.8M	$185.0M	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	93.885	−0.271%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0027%	1h	94.012	−0.136%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0032%	4h	93.850	−0.308%	$1.5M	$110K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.170	+0.032%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.240	+0.106%	$762K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.952	−0.200%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.880	−0.276%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	94.140	long leg	$3.5M	$1.2M	50x
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.297%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.995	−0.154%	$32K	—	111x	as long as short