Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.069%
Price spread now: gTrade (Gains Network) against Injective+1.583%55s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and gTrade (Gains Network) is 1.583% dearer against Injective than usual: you sell high and buy low: +$158 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BRENT/USDC PERP95.669−0.0220get 0.0028% / 1h21m 35s$8K$7K30x
ShortgTrade (Gains Network) BRENT/USD97.183L +0.0011% / S −0.0011%get 0.0001% / 1h21m 35s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. 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

Funding earned
$48.54
Price spread: +1.583% → 0.000%
$158.29
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$196.81
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell gTrade (Gains Network) no order-book sample
Injective and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERPlong−0.0220%1h95.669long leg$8K$7K30x
Coinbase International BRENTOIL-PERP-INTX−0.0136%1h96.070+0.419%$232K$467K15xas long as short
GMX BRENTOIL/USD [ETH-USDC]L −0.0098% / S +0.0137%1h96.645+1.020%$33K111xas long as short
Aster BZUSDT0.0000%4h96.620+0.994%$336K$1.2M50xas long as short
Binance BZUSDT0.0000%4h96.609+0.982%$145.8M$421.2M100xas long as short
Bybit BZUSDT0.0000%8h96.580+0.952%$10.4M$15.9M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.570+0.942%$15.9M$25.2M50xas long as short
RISEx BZ/USDC0.0000%1h96.612+0.986%$2.2M$1.3M20xas long as short
Gate BZ_USDT0.0000%8h96.570+0.942%$9.2M$14.3M100xas long as short
Bitget BZUSDT0.0000%4h96.580+0.952%$27.6M$19.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h96.459+0.826%$9.3M$7.5Mas long as short
GRVT BZ_USDT_Perp0.0000%4h96.503+0.872%$24K$366K25xas long as short
SunX BRENTOIL-USDT0.0000%4h96.600+0.973%$4K$2.6M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h96.670+1.046%$103K$271K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.490+0.858%$307K$226K75xas long as short
Phemex XBRUSDT0.0000%4h96.630+1.005%$1.2M$93K100xas long as short
edgeX BZUSDC+0.0005%4h96.523+0.893%$221K$233K20xas long as short
gTrade (Gains Network) BRENT/USDshortL +0.0011% / S −0.0011%1h97.183+1.583%
BloFin BZ-USDT+0.0014%4h96.500+0.869%$1.5M$95K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0020%1h96.659+1.035%$83K$235K20xas long as short
Lighter BRENTOIL+0.0032%1h96.610+0.984%$3.4M$4.3M20xas long as short
Extended XBR-USD+0.0032%1h96.616+0.990%$737K$5.4M10xas long as short
Ondo Perps BRENT-USD.P+0.0034%1h96.550+0.921%$3.1M$1.1M15xas long as short
Hotstuff BRENTOIL-PERP+0.0040%1h96.660+1.036%$33K20xas long as short
Paradex BZ-USD-PERP+0.0044%8h96.606+0.980%$3K$5215xas long as short
Vest BZ-PERP+0.0046%1h100.67+5.227%$735K10xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h96.631+1.006%$151.6M$139.7M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.646+1.021%$1.5M$506K20xas long as short
KuCoin BZUSDTM+0.0100%4h96.640+1.015%$3.8M$983K50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.570+0.942%$25K$272K50xas long as short
Aftermath Perps BRENTUSD+0.0399%1h96.524+0.894%$7K$45K5xas long as short