Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: Gate against KuCoin−0.073%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.291%−$29 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.073%, 7d avg −0.067%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	96.250	0.0100	pay 0.0050% / 4h	3h 53m	$3.8M	$989K	50x
Short	Gate BZ_USDT	96.180	0	get 0.0000% / 8h	7h 53m	$9.2M	$14.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$21
Price spread: −0.073% → −0.067%: −$0.55
Slippage, 4 orders: −$24.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.38
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 5 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 KuCoin live order book, 4 min ago	1.56 bp	11.7 bp −$12	39.3 bp −$393	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.52 bp	13.3 bp −$13	24.9 bp −$249	31.2 bp −$3,121	44.6 bp −$22.3K

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−0.036%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.769%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.187%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.115%	$34K	$365K	25x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.170	−0.083%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.042%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.210	−0.042%	$145.8M	$439.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.230	−0.021%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.220	−0.031%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.196	−0.056%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	96.180	−0.073%	$9.2M	$14.2M	100x
Bitget BZUSDT	0.0000%	4h	96.240	−0.010%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−0.112%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.200	−0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.190	−0.062%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.114%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.340	+0.094%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.769	+0.539%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−0.088%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.214	−0.037%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	96.191	−0.061%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.30	+4.208%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.233	−0.018%	$151.0M	$143.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.265	+0.016%	$1.5M	$502K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.140	−0.114%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.210	−0.042%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0072%	1h	96.237	−0.013%	$762K	$5.3M	10x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	96.250	long leg	$3.8M	$989K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.156%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	96.240	−0.010%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0605%	1h	96.149	−0.104%	$6K	$44K	5x	as long as short