Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.056%

Price spread now: Gate against Binance−0.033%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.310%−$31 on $10k

Price spread, last 2 days (all we have)−0.030%−$3 · spread now −0.033%, 7d avg −0.056%

Together, before fees−0.340%−$34 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 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	95.821	0	get 0.0000% / 4h	1h 44m	$145.3M	$481.8M	100x
Short	Gate BZ_USDT	95.790	0	get 0.0000% / 8h	1h 44m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.056%: $2.31
Slippage, 4 orders: −$11.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.06
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 4 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 Binance live order book, 14 min ago	0.52 bp	5.5 bp −$6	7.0 bp −$70	23.7 bp −$2,370	69.2 bp −$34.6K
Sell Gate live order book, 4 min ago	1.57 bp	12.5 bp −$13	23.3 bp −$233	30.2 bp −$3,023	42.1 bp −$21.0K

BZ on 30 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
Ondo Perps BRENT-USD.P	−0.0562%	1h	95.800	−0.022%	$3.0M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0408%	1h	95.820	−0.002%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.598%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0128%	1h	95.840	+0.019%	$3.3M	$4.2M	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0095% / S +0.0137%	1h	95.815	−0.007%	$33K	—	29x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.823	+0.002%	$2.2M	$1.3M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0067%	1h	95.829	+0.008%	$147.4M	$147.0M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.823	+0.001%	$34K	$388K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.238%	$232K	$674K	15x	as long as short
Paradex BZ-USD-PERP	−0.0014%	8h	95.814	−0.008%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	95.854	+0.034%	$333K	$1.5M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	95.821	long leg	$145.3M	$481.8M	100x
Bybit BZUSDT	0.0000%	8h	95.810	−0.012%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.820	−0.002%	$15.8M	$27.7M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.790	−0.033%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	95.830	+0.009%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.806	−0.016%	$9.2M	$8.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.850	+0.030%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.850	+0.030%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.790	−0.033%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.900	+0.082%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	95.811	−0.010%	$5K	$45K	5x	as long as short
edgeX BZUSDC	+0.0016%	4h	95.790	−0.033%	$219K	$234K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.896	+0.078%	$670K	$5.3M	10x	as long as short
BloFin BZ-USDT	+0.0036%	4h	95.800	−0.022%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.22	+4.590%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.867	+0.048%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.830	+0.009%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.790	−0.033%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.843	+0.023%	$81K	$244K	20x	as long as short