Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= −0.1% APRpaid last 24h −0.001%

Price spread now: edgeX against gTrade (Gains Network)−0.542%68s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.542% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$54 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	gTrade (Gains Network) BRENT/USD	97.544	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	8m 05s	—	—	—
Short	edgeX BZUSDC	97.016	0.0011	get 0.0005% / 4h	8m 05s	$222K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.542%Rate

Funding earned: −$0.1
Price spread: −0.542% → 0.000%: −$54.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$73.27
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 49 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 edgeX live order book, 49 min ago	10.27 bp	14.8 bp −$15	16.7 bp −$167	70.9 bp −$7,092	doesn't fit

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	96.433	−1.139%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.312%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0015%	4h	97.010	−0.548%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.029	−0.528%	$337K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.990	−0.568%	$146.9M	$369.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.568%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.990	−0.568%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.000	−0.558%	$2.2M	$1.5M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.609%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.980	−0.579%	$27.7M	$16.6M	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	97.017	−0.541%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.034	−0.523%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.030	−0.527%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.568%	$103K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.568%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	−0.261%	$1.2M	$84K	100x	as long as short
edgeX BZUSDCshort	+0.0011%	4h	97.016	−0.542%	$222K	$227K	20x
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.544	long leg	—	—	—
Vest BZ-PERP	+0.0031%	1h	101.06	+3.604%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.990	−0.568%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.001	−0.557%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.003	−0.555%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.014	−0.544%	$153.0M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.060	−0.497%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.960	−0.599%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	−0.517%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.050	−0.507%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	97.060	−0.497%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0124%	1h	97.080	−0.477%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.024	−0.533%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0215% / S −0.0165%	1h	96.995	−0.563%	$126K	—	111x	as long as short