Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against KuCoin+0.609%60s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.609% dearer against KuCoin than usual: you sell high and buy low (spread +0.609% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.280	0.0100	pay 0.0050% / 4h	3h 34m	$3.8M	$799K	50x
Short	gTrade (Gains Network) BRENT/USD	97.872	L +0.0011% / S −0.0011%	get 0.0001% / 1h	34m 19s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.609%Rate

Funding earned: −$18.66
Price spread: +0.609% → 0.000%: $60.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $20.2
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	0.51 bp	15.5 bp −$16	38.9 bp −$389	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.150	−0.134%	$100K	$263K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.964%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0076%	1h	97.130	−0.154%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.206%	$237K	$401K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.228	−0.054%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.324	+0.045%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	0.000%	$338K	$735K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.207	−0.075%	$148.6M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.130	−0.154%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	−0.134%	$16.1M	$19.9M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.180	−0.103%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.210	−0.072%	$28.0M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.329	+0.050%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	+0.076%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	−0.093%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.360	+0.082%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.360	+0.082%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.420	+0.144%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.21	+4.040%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.872	+0.609%	—	—	—
edgeX BZUSDC	+0.0020%	4h	97.354	+0.076%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.240	−0.041%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.266	−0.014%	$753K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.247	−0.033%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.263	−0.017%	$155.4M	$115.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.250	−0.031%	$1.6M	$344K	20x	as long as short
BloFin BZ-USDT	+0.0057%	4h	97.310	+0.031%	$1.5M	$100K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.379	+0.101%	$7K	$39K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.280	long leg	$3.8M	$799K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.380	+0.103%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.225	−0.057%	$115K	—	111x	as long as short