Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against OKX+0.555%7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.555% dearer against OKX than usual: you sell high and buy low: +$56 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	OKX BZ-USDT-SWAP	96.680	0	get 0.0000% / 4h	3h 05m	$15.9M	$24.1M	50x
Short	gTrade (Gains Network) BRENT/USD	97.217	L +0.0011% / S −0.0011%	get 0.0001% / 1h	5m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.555%Rate

Funding earned: $2.34
Price spread: +0.555% → 0.000%: $55.5
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $37.84
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.52 bp	6.6 bp −$7	11.0 bp −$110	29.2 bp −$2,923	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 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	95.731	−0.982%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.031%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.740	+0.062%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.720	+0.041%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.698	+0.019%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.700	+0.021%	$145.8M	$403.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	+0.010%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.680	long leg	$15.9M	$24.1M	50x
RISEx BZ/USDC	0.0000%	1h	96.712	+0.033%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.660	−0.021%	$9.2M	$14.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.710	+0.031%	$27.6M	$17.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	+0.007%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.668	−0.012%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	+0.031%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.570	−0.114%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	+0.021%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.217	+0.555%	—	—	—
edgeX BZUSDC	+0.0012%	4h	96.613	−0.069%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.729	+0.050%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.710	+0.031%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.693	+0.014%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0042%	1h	96.680	0.000%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.74	+4.199%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+0.030%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.731	+0.053%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.750	+0.072%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.730	+0.052%	$3.8M	$930K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.630	−0.052%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S +0.0125%	1h	96.695	+0.016%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0339%	1h	96.675	−0.005%	$7K	$45K	5x	as long as short