Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h 0.000%

Price spread now: Gate against OKX−0.062%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.062%, 7d avg −0.054%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.260	0	get 0.0000% / 4h	3h 51m	$16.1M	$19.8M	50x
Short	Gate BZ_USDT	97.200	−0.0024	pay 0.0024% / 8h	7h 51m	$9.2M	$10.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: −$5.04
Price spread: −0.062% → −0.054%: −$0.72
Slippage, 4 orders: −$9.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.68
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 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 OKX live order book, 2 min ago	0.51 bp	5.7 bp −$6	10.2 bp −$102	23.7 bp −$2,368	doesn't fit
Sell Gate live order book, 2 min ago	1.03 bp	10.4 bp −$10	18.1 bp −$181	32.9 bp −$3,287	45.6 bp −$22.8K

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	96.342	−0.944%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.250	−0.010%	$100K	$259K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0079%	1h	97.250	−0.010%	$3.1M	$990K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0074%	4h	97.238	−0.023%	$14K	$332K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.226%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.281	+0.022%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	−0.0024%	8h	97.200	−0.062%	$9.2M	$10.3M	100x
Bybit BZUSDT	−0.0005%	8h	97.290	+0.031%	$10.3M	$13.4M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.241	−0.020%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.366	+0.109%	$339K	$860K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	97.321	+0.063%	$148.5M	$352.5M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.260	long leg	$16.1M	$19.8M	50x
Bitget BZUSDT	0.0000%	4h	97.300	+0.041%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.279	+0.019%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	−0.010%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.210	−0.051%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.360	+0.103%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.27	+4.123%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	+0.521%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.204	−0.057%	$223K	$229K	20x	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.240	−0.021%	$1.5M	$99K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.310	+0.051%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.350	+0.092%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.272	+0.012%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.319	+0.061%	$155.4M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.051%	$1.6M	$395K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	97.350	+0.093%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	97.326	+0.068%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	−0.021%	$3.8M	$798K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.280	+0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.245	−0.015%	$115K	—	111x	as long as short