Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: KuCoin against Gate+0.011%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.011%, 7d avg +0.066%

Together, before fees+0.335%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.055% cheaper against Gate than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.066%). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	94.350	0	get 0.0000% / 8h	4h 55m	$8.8M	$12.9M	100x
Short	KuCoin BZUSDTM	94.360	0.0100	get 0.0050% / 4h	55m 34s	$3.4M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $21
Price spread: +0.011% → +0.066%: −$5.55
Slippage, 4 orders: −$18.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.16
Costs to cover: 0.456%
Break-even: 17.1 days

Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	0.53 bp	10.8 bp −$11	17.7 bp −$177	27.6 bp −$2,765	40.3 bp −$20.1K
Sell KuCoin live order book, 5 min ago	0.53 bp	10.7 bp −$11	42.0 bp −$420	doesn't fit	doesn't fit

BZ on 31 exchanges

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
RISEx BZ/USDC	−0.0384%	1h	94.346	−0.005%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.251	−0.105%	$106K	$276K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0280%	1h	94.290	−0.064%	$29K	$386K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.212%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0060%	8h	94.360	+0.011%	$10.5M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0021%	4h	94.400	+0.053%	$145.6M	$465.8M	100x	as long as short
edgeX BZUSDC	−0.0012%	4h	94.203	−0.156%	$217K	$230K	20x	as long as short
BloFin BZ-USDT	−0.0011%	4h	94.250	−0.106%	$1.5M	$123K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.243	−0.114%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAP	−0.0002%	4h	94.380	+0.032%	$15.7M	$28.6M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.444	+0.099%	$324K	$634K	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	94.350	long leg	$8.8M	$12.9M	100x
Bitget BZUSDT	0.0000%	4h	94.390	+0.042%	$27.3M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	−0.074%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.300	−0.053%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	−0.244%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	−0.032%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	94.076	−0.291%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.801	+0.478%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.910	+3.773%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.370	+0.021%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.410	+0.063%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.515%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.368	+0.019%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.418	+0.072%	$139.6M	$184.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.276	−0.078%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.320	−0.032%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	94.360	+0.011%	$3.4M	$1.1M	50x
ApeX Omni BZUSDT	+0.0100%	1h	94.290	−0.064%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.265	−0.090%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0504%	1h	94.280	−0.074%	$32K	—	20x	as long as short