Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.005%

Price spread now: Binance against gTrade (Gains Network)−0.564%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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 against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.564% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.455	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	46m 28s	—	—	—
Short	Binance BZUSDT	96.906	0	get 0.0000% / 4h	1h 46m	$146.5M	$375.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.564%Rate

Funding earned: −$2.4
Price spread: −0.564% → 0.000%: −$56.37
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 12 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.52 bp	5.5 bp −$6	6.0 bp −$60	13.5 bp −$1,351	47.8 bp −$23.9K

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	96.207	−1.281%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.662%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.930	−0.539%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0030%	4h	96.940	−0.529%	—	$87K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.898	−0.572%	$336K	$998K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.906	−0.564%	$146.5M	$375.0M	100x
Bybit BZUSDT	0.0000%	8h	96.910	−0.560%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.549%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.908	−0.562%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.870	−0.601%	$9.2M	$12.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.920	−0.549%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	−0.461%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	−0.456%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.960	−0.508%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.539%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.549%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.900	−0.570%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.943	−0.525%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.455	long leg	—	—	—
Lighter BRENTOIL	+0.0032%	1h	96.920	−0.549%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.929	−0.540%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.98	+3.617%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.911	−0.558%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.941	−0.528%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.975	−0.493%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.601%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.990	−0.477%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.930	−0.539%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0058%	1h	96.905	−0.565%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0192%	1h	96.953	−0.515%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.945	−0.524%	$83K	$218K	20x	as long as short