Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: KuCoin against gTrade (Gains Network)−0.697%75s7-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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.697% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.697% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$70 on $10k: about 26 days of funding at the current rate (+$3 a day). The two prices were read 75 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	97.872	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	34m 09s	—	—	—
Short	KuCoin BZUSDTM	97.190	0.0100	get 0.0050% / 4h	3h 34m	$3.8M	$799K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.697%Rate

Funding earned: $18.6
Price spread: −0.697% → 0.000%: −$69.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.08
Costs to cover: 0.220%
Break-even: 34.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	0.51 bp	10.5 bp −$11	35.3 bp −$353	doesn't fit	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.150	−0.738%	$100K	$263K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.563%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0076%	1h	97.130	−0.758%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.080	−0.809%	$236K	$405K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.228	−0.658%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.206	−0.680%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.250	−0.635%	$337K	$735K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.230	−0.656%	$148.6M	$355.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.230	−0.656%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.230	−0.656%	$16.2M	$19.9M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.180	−0.707%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.200	−0.687%	$27.9M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.329	−0.555%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	−0.529%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	−0.697%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	−0.615%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.250	−0.636%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.420	−0.462%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.21	+3.411%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.872	long leg	—	—	—
edgeX BZUSDC	+0.0020%	4h	97.354	−0.529%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.190	−0.697%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.215	−0.671%	$753K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.247	−0.638%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.263	−0.622%	$155.4M	$115.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.250	−0.636%	$1.6M	$344K	20x	as long as short
BloFin BZ-USDT	+0.0057%	4h	97.310	−0.574%	$1.5M	$100K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.379	−0.504%	$7K	$39K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.190	−0.697%	$3.8M	$799K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.380	−0.503%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.225	−0.661%	$115K	—	111x	as long as short