Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Gate against RISEx−0.056%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.283%−$28 on $10k

Price spread, last 7 days−0.191%−$19 · spread now −0.056%, 7d avg −0.118%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.062% dearer against RISEx than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	96.764	0	get 0.0000% / 1h	34m 57s	$2.2M	$1.3M	20x
Short	Gate BZ_USDT	96.710	0	get 0.0000% / 8h	6h 34m	$9.2M	$12.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.118%: $6.18
Slippage, 4 orders: −$8.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.81
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Gate: live order book, 4 min ago.

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 RISEx live order book, 4 min ago	0.57 bp	3.6 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.03 bp	12.3 bp −$12	20.5 bp −$205	35.5 bp −$3,550	48.1 bp −$24.1K

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	96.070	−0.717%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.118%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.790	+0.027%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.004%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.747	−0.018%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.744	−0.020%	$146.2M	$387.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.740	−0.025%	$10.3M	$14.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	−0.025%	$15.9M	$22.6M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.764	long leg	$2.2M	$1.3M	20x
Gate BZ_USDTshort	0.0000%	8h	96.710	−0.056%	$9.2M	$12.7M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.750	−0.015%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.770	+0.006%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.027%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.800	+0.037%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.780	+0.016%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	−0.025%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.740	−0.025%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.295	+0.548%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.740	−0.025%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.750	−0.015%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.740	−0.025%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.81	+4.181%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.771	+0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.755	−0.010%	$151.5M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.844	+0.082%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.720	−0.046%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.810	+0.047%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.800	+0.037%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0100%	1h	96.765	+0.001%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.778	+0.014%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0266%	1h	96.832	+0.070%	$7K	$45K	5x	as long as short