Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: Deribit against Gate+0.051%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.272%−$27 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.051%, 7d avg +0.061%

Together, before fees−0.311%−$31 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.670	0	get 0.0000% / 8h	1h 16m	$9.3M	$11.1M	100x
Short	Deribit BRENTOIL_USDC-PERPETUAL	97.720	0	get 0.0000% / 1h	16m 44s	$100K	$252K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.061%: −$1.01
Slippage, 4 orders: −$10.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.02
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Deribit: live order book, 27 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 Gate live order book, 2 min ago	1.02 bp	10.5 bp −$10	18.7 bp −$187	34.3 bp −$3,428	45.4 bp −$22.7K
Sell Deribit live order book, 27 min ago	0.51 bp	4.0 bp −$4	6.5 bp −$65	doesn't fit	doesn't fit

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	96.970	−0.717%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.031%	$237K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.715	+0.046%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.720	+0.051%	$147.8M	$350.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	+0.020%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.700	+0.031%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.673	+0.003%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.670	long leg	$9.3M	$11.1M	100x
Bitget BZUSDT	0.0000%	4h	97.720	+0.051%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.718	+0.049%	$9.4M	$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	97.664	−0.006%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	97.720	+0.051%	$100K	$252K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.690	+0.020%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.760	+0.092%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.673	+0.003%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.83	+4.259%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.278	+0.622%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.740	+0.072%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.710	+0.041%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.714	+0.045%	$682K	$3.2M	10x	as long as short
BloFin BZ-USDT	+0.0048%	4h	97.760	+0.092%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.700	+0.031%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.719	+0.050%	$155.1M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.739	+0.071%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.650	−0.020%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.728	+0.059%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.700	+0.031%	$3.8M	$814K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	+0.072%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.714	+0.045%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.725	+0.056%	$116K	—	111x	as long as short