Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX−0.103%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.103%, 7d avg −0.068%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.035% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.390	0	get 0.0000% / 4h	40m 58s	$4K	$2.4M	20x
Short	Gate BZ_USDT	97.290	0	get 0.0000% / 8h	40m 58s	$9.2M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.068%: −$3.48
Slippage, 4 orders: −$46.15
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.63
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Gate: live order book, 3 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 SunX live order book, 6 min ago	18.48 bp	22.5 bp −$22	30.5 bp −$305	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.51 bp	11.3 bp −$11	19.7 bp −$197	30.3 bp −$3,029	41.4 bp −$20.7K

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	97.155	−0.241%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.318%	$237K	$412K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.337	−0.054%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.320	−0.072%	$149.4M	$353.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.280	−0.113%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	−0.082%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.346	−0.045%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.290	−0.103%	$9.2M	$10.9M	100x
Bitget BZUSDT	0.0000%	4h	97.320	−0.072%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.366	−0.025%	$9.5M	$6.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.497	+0.110%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.390	long leg	$4K	$2.4M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.330	−0.062%	$100K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.340	−0.051%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	0.000%	$1.2M	$87K	100x	as long as short
BloFin BZ-USDT	+0.0001%	4h	97.260	−0.133%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.46	+4.179%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.444%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.501	+0.114%	$225K	$227K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0030%	1h	97.280	−0.113%	$3.1M	$1.0M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.270	−0.123%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.326	−0.065%	$736K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.351	−0.040%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.336	−0.055%	$155.0M	$114.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.391	+0.001%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0086%	1h	97.450	+0.062%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.360	−0.031%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.113%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.344	−0.048%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.400	+0.010%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	−0.118%	$116K	—	111x	as long as short