Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.002%

Price spread now: Gate against edgeX+0.058%82s7-day average −0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.529% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.058%, 7d avg −0.027%

Together, before fees−0.226%+ Points / potential airdropedgeX: Active · farm board−$23 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 0.086% dearer against edgeX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 82 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	edgeX BZUSDC	96.864	0.0001	pay 0.0000% / 4h	1h 27m	$222K	$228K	20x
Short	Gate BZ_USDT	96.920	0	get 0.0000% / 8h	5h 27m	$9.2M	$12.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: −$0.15
Price spread: +0.058% → −0.027%: $8.57
Slippage, 4 orders: −$28.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.45
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; Gate: live order book, 1 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 edgeX live order book, 34 min ago	9.81 bp	14.3 bp −$14	15.1 bp −$151	56.3 bp −$5,629	doesn't fit
Sell Gate live order book, 1 min ago	0.52 bp	13.2 bp −$13	21.4 bp −$214	34.4 bp −$3,443	46.3 bp −$23.2K

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	96.164	−0.722%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	+0.038%	$233K	$431K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.900	+0.038%	$1.5M	$86K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.965	+0.104%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.970	+0.110%	$146.8M	$373.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	+0.089%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	+0.100%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.959	+0.098%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.920	+0.058%	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.980	+0.120%	$27.4M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.885	+0.022%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.880	+0.017%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.110%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.960	+0.100%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	+0.058%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.980	+0.120%	$1.2M	$85K	100x	as long as short
edgeX BZUSDClong	+0.0001%	4h	96.864	long leg	$222K	$228K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.513	+0.671%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.110%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.987	+0.127%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.02	+4.291%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.965	+0.105%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.983	+0.123%	$152.0M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.014	+0.155%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	+0.038%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.161%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	+0.038%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	97.000	+0.141%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0166%	1h	96.904	+0.042%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0043%	1h	96.975	+0.115%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.998	+0.139%	$84K	$218K	20x	as long as short