Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.008%

Price spread now: gTrade (Gains Network) against BloFin+0.596%50s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 +$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.596% dearer against BloFin than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	94.350	−0.0018	get 0.0009% / 4h	7m 26s	$1.5M	$126K	50x
Short	gTrade (Gains Network) BRENT/USD	94.912	L +0.0011% / S −0.0011%	get 0.0001% / 1h	7m 26s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.596%Rate

Funding earned: $6.06
Price spread: +0.596% → 0.000%: $59.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $43.66
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: 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 BloFin live order book, 3 min ago	3.18 bp	9.2 bp −$9	10.9 bp −$109	24.7 bp −$2,467	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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.340	−0.011%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.300	−0.053%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.420	+0.074%	$109K	$281K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0174%	1h	94.390	+0.042%	$29K	$372K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.320	−0.032%	$248K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0039%	8h	94.330	−0.021%	$10.4M	$18.9M	100x	as long as short
BloFin BZ-USDTlong	−0.0018%	4h	94.350	long leg	$1.5M	$126K	50x
Aster BZUSDT	0.0000%	4h	94.383	+0.035%	$331K	$684K	50x	as long as short
Binance BZUSDT	0.0000%	4h	94.323	−0.029%	$145.4M	$485.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.330	−0.021%	$15.7M	$30.7M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	94.290	−0.064%	$8.8M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.340	−0.011%	$27.4M	$31.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.339	−0.012%	$8.9M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	94.381	+0.032%	$11K	$316K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.440	+0.095%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.390	+0.042%	$254K	$338K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.690	+0.360%	$1.2M	$103K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	98.020	+3.890%	—	$736K	10x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	94.912	+0.596%	—	—	—
edgeX BZUSDC	+0.0018%	4h	94.335	−0.016%	$217K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.320	−0.032%	$3.5M	$5.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.331	−0.020%	$757K	$4.1M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.515%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0037%	1h	94.412	+0.066%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	94.325	−0.026%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.365	+0.016%	$142.8M	$191.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.299	−0.054%	$1.5M	$570K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.340	−0.011%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0070%	4h	94.280	−0.074%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.380	+0.032%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0174% / S −0.0560%	1h	94.415	+0.069%	$27K	—	111x	as long as short