Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Gate against Injective+0.649%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.649% dearer against Injective than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	95.510	−0.0220	get 0.0028% / 1h	50m 39s	$8K	$7K	30x
Short	Gate BZ_USDT	96.130	0	get 0.0000% / 8h	7h 50m	$9.2M	$14.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee InjectivebpFee GatebpOrdersPrice spread, now +0.649%Rate

Funding earned: $46.2
Price spread: +0.649% → 0.000%: $64.91
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $96.09
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	1.04 bp	11.8 bp −$12	22.4 bp −$224	33.3 bp −$3,331	45.3 bp −$22.6K

Injective: 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.145	+0.665%	$120K	—	111x	as long as short
Injective BRENT/USDC PERPlong	−0.0220%	1h	95.510	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	+0.586%	$232K	$483K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.170	+0.691%	$103K	$272K	15x	as long as short
BloFin BZ-USDT	−0.0057%	4h	96.140	+0.660%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.733%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.180	+0.701%	$145.7M	$438.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.170	+0.691%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.160	+0.681%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.179	+0.701%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	96.130	+0.649%	$9.2M	$14.2M	100x
Bitget BZUSDT	0.0000%	4h	96.190	+0.712%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	+0.639%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	+0.763%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.170	+0.691%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	+0.660%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.890%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	96.183	+0.705%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.716	+1.263%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.194	+0.716%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0024%	1h	96.130	+0.649%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0032%	1h	96.204	+0.727%	$743K	$5.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	96.192	+0.714%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.29	+5.005%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	96.200	+0.722%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.198	+0.720%	$150.9M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.235	+0.759%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.220	+0.743%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.260	+0.785%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	96.260	+0.785%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0594%	1h	96.183	+0.704%	$6K	$44K	5x	as long as short