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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.031%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now −0.031%, 7d avg −0.049%

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.360	0	get 0.0000% / 8h	3h 18m	$10.4M	$12.6M	100x
Short	Gate BZ_USDT	97.330	0	get 0.0000% / 8h	3h 18m	$9.2M	$12.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.049%: $1.86
Slippage, 4 orders: −$11.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago	0.51 bp	8.4 bp −$8	11.8 bp −$118	99.1 bp −$9,908	doesn't fit
Sell Gate live order book, 5 min ago	1.03 bp	10.7 bp −$11	19.8 bp −$198	30.2 bp −$3,020	42.7 bp −$21.3K

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	96.628	−0.752%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.092%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.360	0.000%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.360	0.000%	$147.3M	$367.0M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.360	long leg	$10.4M	$12.6M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	+0.010%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.341	−0.019%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.330	−0.031%	$9.2M	$12.2M	100x
Bitget BZUSDT	0.0000%	4h	97.350	−0.010%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.278	−0.084%	$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	97.297	−0.065%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.330	−0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.330	−0.031%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.290	−0.072%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	+0.113%	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.915	+0.570%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	97.300	−0.062%	$1.5M	$91K	50x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.273	−0.089%	$223K	$227K	20x	as long as short
Vest BZ-PERP	+0.0026%	1h	101.41	+4.160%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.021%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.373	+0.013%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.359	−0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.372	+0.012%	$153.8M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.395	+0.036%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.310	−0.051%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.339	−0.022%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0094%	1h	97.336	−0.024%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.380	+0.021%	$3.8M	$851K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.340	−0.021%	$26K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.320	−0.041%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0261% / S −0.1491%	1h	97.315	−0.046%	$115K	—	111x	as long as short