Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against OKX+0.573%7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.573% dearer against OKX than usual: you sell high and buy low: +$57 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	OKX BZ-USDT-SWAP	97.020	0	get 0.0000% / 4h	11m 10s	$16.0M	$20.3M	50x
Short	gTrade (Gains Network) BRENT/USD	97.576	L +0.0011% / S −0.0011%	get 0.0001% / 1h	11m 10s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.573%Rate

Funding earned: $2.34
Price spread: +0.573% → 0.000%: $57.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $39.67
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	0.51 bp	5.5 bp −$6	9.0 bp −$90	26.2 bp −$2,622	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.433	−0.605%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.227%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.010%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.072	+0.053%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	0.000%	$146.9M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−0.010%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.020	long leg	$16.0M	$20.3M	50x
RISEx BZ/USDC	0.0000%	1h	97.026	+0.007%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.010	−0.010%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	0.000%	$27.7M	$16.5M	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	97.017	−0.003%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.124%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	0.000%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.010%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.278%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.121%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.576	+0.573%	—	—	—
Vest BZ-PERP	+0.0031%	1h	101.08	+4.185%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	+0.021%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.026	+0.007%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.049	+0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.053	+0.034%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.071%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.041%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.072%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	+0.052%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.155%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.102%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	+0.042%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	+0.005%	$126K	—	111x	as long as short