Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: tradeXYZ against Gate+0.144%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.144%, 7d avg +0.077%

Together, before fees+0.191%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.066% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.720	0	get 0.0000% / 8h	6h 59m	$9.2M	$12.6M	100x
Short	tradeXYZ xyz:BRENTOIL	96.859	0.0050	get 0.0006% / 1h	59m 30s	$151.9M	$138.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.144%Rate

Funding earned: $10.5
Price spread: +0.144% → +0.077%: $6.65
Slippage, 4 orders: −$10.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.67
Costs to cover: 0.438%
Break-even: 24.8 days

Slippage from Gate: live order book, 4 min ago; tradeXYZ: live order book, 10 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, 4 min ago	1.03 bp	11.2 bp −$11	19.1 bp −$191	30.4 bp −$3,043	42.8 bp −$21.4K
Sell tradeXYZ live order book, 10 min ago	0.21 bp	9.7 bp −$10	11.0 bp −$110	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	95.731	−1.023%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.072%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.052%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.719	−0.001%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.805	+0.088%	$146.0M	$401.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.790	+0.072%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.810	+0.093%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	+0.038%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.720	long leg	$9.2M	$12.6M	100x
Bitget BZUSDT	0.0000%	4h	96.840	+0.124%	$27.7M	$17.1M	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	96.668	−0.054%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.660	−0.062%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	+0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.021%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	0.000%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.560%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.022%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+0.031%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.740	+0.021%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.754	+0.035%	$718K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.84	+4.260%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.016%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.859	+0.144%	$151.9M	$138.1M	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.031%	$3.1M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0066%	1h	96.885	+0.171%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.750	+0.031%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.021%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.730	+0.010%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	+0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	+0.017%	$7K	$44K	5x	as long as short