Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.002%

Price spread now: Gate against BloFin−0.062%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

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

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.062%, 7d avg −0.043%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.043%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.540	−0.0051	get 0.0026% / 4h	3h 24m	$1.5M	$95K	50x
Short	Gate BZ_USDT	96.480	0	get 0.0000% / 8h	7h 24m	$9.2M	$14.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.81
Price spread: −0.062% → −0.043%: −$1.87
Slippage, 4 orders: −$7.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.95
Costs to cover: 0.349%
Break-even: 23.8 days

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.52 bp	6.5 bp −$7	7.8 bp −$78	17.2 bp −$1,717	doesn't fit
Sell Gate live order book, 4 min ago	1.04 bp	10.9 bp −$11	18.7 bp −$187	31.5 bp −$3,147	43.7 bp −$21.8K

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	95.669	−0.902%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.487%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.525	−0.016%	$33K	—	111x	as long as short
BloFin BZ-USDTlong	−0.0051%	4h	96.540	long leg	$1.5M	$95K	50x
Aster BZUSDT	0.0000%	4h	96.533	−0.007%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.530	−0.010%	$145.6M	$422.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.520	−0.021%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.510	−0.031%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.512	−0.029%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.480	−0.062%	$9.2M	$14.3M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.530	−0.010%	$27.6M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.459	−0.084%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.466	−0.076%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.550	+0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.540	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.052%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.530	−0.010%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.458	−0.085%	$221K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.056	+0.534%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.553	+0.014%	$83K	$235K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.540	0.000%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.520	−0.021%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.528	−0.013%	$749K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	96.460	−0.083%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.518	−0.023%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.59	+4.195%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.545	+0.005%	$151.5M	$139.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.564	+0.025%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.540	0.000%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.041%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0411%	1h	96.493	−0.049%	$7K	$45K	5x	as long as short