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

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against OKX−0.041%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.098%−$10 on $10k
Price spread, last 7 days−0.034%−$3 · spread now −0.041%, 7d avg −0.055%
Together, before fees−0.132%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BZ-USDT-SWAP97.4900get 0.0000% / 4h3h 06m$16.1M$20.5M50x
ShortGate BZ_USDT97.4500get 0.0000% / 8h3h 06m$9.2M$12.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.041% → −0.055%
$1.42
Slippage, 4 orders
−$10.46
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$34.04
Costs to cover
0.355%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago0.51 bp6.0 bp −$69.6 bp −$9624.9 bp −$2,489doesn't fit
Sell Gate live order book, 2 min ago0.51 bp13.7 bp −$1419.0 bp −$19031.0 bp −$3,10042.7 bp −$21.3K

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 PERP−0.0220%1h96.536−0.979%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.460−0.031%$237K$443K15xas long as short
BloFin BZ-USDT−0.0021%4h97.500+0.010%$1.5M$97K50xas long as short
Aster BZUSDT0.0000%4h97.476−0.014%$339K$930K50xas long as short
Binance BZUSDT0.0000%4h97.486−0.004%$147.4M$367.2M100xas long as short
Bybit BZUSDT0.0000%8h97.480−0.010%$10.4M$12.6M100xas long as short
OKX BZ-USDT-SWAPlong0.0000%4h97.490long leg$16.1M$20.5M50x
RISEx BZ/USDC0.0000%1h97.468−0.022%$2.4M$1.7M20xas long as short
Gate BZ_USDTshort0.0000%8h97.450−0.041%$9.2M$12.2M100x
Bitget BZUSDT0.0000%4h97.480−0.010%$28.0M$16.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.457−0.034%$9.3M$6.9Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.481−0.009%$26K$314K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.4900.000%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.480−0.010%$102K$248K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.440−0.051%$280K$267K75xas long as short
Phemex XBRUSDT0.0000%4h97.540+0.051%$1.2M$82K100xas long as short
edgeX BZUSDC+0.0010%4h97.467−0.024%$224K$227K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.039+0.563%as long as short
Vest BZ-PERP+0.0024%1h101.55+4.165%$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.4900.000%$3.2M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.494+0.004%$680K$3.9M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.479−0.012%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.497+0.007%$153.8M$125.6M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.526+0.037%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.440−0.051%$3.1M$1.0M15xas long as short
Kraken Futures PF_BRENTOILUSD+0.0063%1h97.489−0.001%$82K$208K20xas long as short
Aftermath Perps BRENTUSD+0.0081%1h97.448−0.043%$7K$42K5xas long as short
Hotstuff BRENTOIL-PERP+0.0088%1h97.500+0.010%$34K20xas long as short
KuCoin BZUSDTM+0.0100%4h97.560+0.072%$3.8M$849K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.4900.000%$26K$274K50xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0274% / S −0.1752%1h97.495+0.005%$115K111xas long as short