Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against Bybit+0.577%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.577% dearer against Bybit than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.490	0	get 0.0000% / 8h	3h 40m	$10.4M	$12.7M	100x
Short	gTrade (Gains Network) BRENT/USD	98.053	L +0.0011% / S −0.0011%	get 0.0001% / 1h	40m 18s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.577%Rate

Funding earned: $2.34
Price spread: +0.577% → 0.000%: $57.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $39.08
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: 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 Bybit live order book, 3 min ago	0.51 bp	9.5 bp −$10	12.8 bp −$128	97.4 bp −$9,742	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 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	96.333	−1.187%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.226%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.490	0.000%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.492	+0.002%	$147.7M	$367.5M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.490	long leg	$10.4M	$12.7M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	+0.010%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.480	−0.011%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−0.031%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	0.000%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.458	−0.033%	$9.3M	$6.9M	—	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	97.370	−0.123%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.021%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.174%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.021%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.440	−0.051%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	98.053	+0.577%	—	—	—
edgeX BZUSDC	+0.0012%	4h	97.366	−0.127%	$223K	$226K	20x	as long as short
Vest BZ-PERP	+0.0029%	1h	101.53	+4.144%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.500	+0.010%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.514	+0.025%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.489	−0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.529	+0.040%	$153.9M	$126.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.529	+0.040%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−0.051%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.502	+0.012%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.510	+0.021%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.560	+0.072%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.123%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.393	−0.100%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0239% / S −0.0325%	1h	97.495	+0.005%	$127K	—	111x	as long as short