Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Gate against Binance−0.052%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.052%, 7d avg −0.075%

Together, before fees−0.158%−$16 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 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.821	0	get 0.0000% / 4h	1h 45m	$147.7M	$353.1M	100x
Short	Gate BZ_USDT	97.770	0	get 0.0000% / 8h	1h 45m	$9.3M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.075%: $2.3
Slippage, 4 orders: −$7.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.66
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Gate: live order book, 3 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 Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	5.6 bp −$56	12.8 bp −$1,285	43.5 bp −$21.7K
Sell Gate live order book, 3 min ago	1.02 bp	12.4 bp −$12	18.2 bp −$182	30.5 bp −$3,054	43.3 bp −$21.7K

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	96.817	−1.027%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.298%	$235K	$416K	15x	as long as short
BloFin BZ-USDT	−0.0055%	4h	97.780	−0.042%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.829	+0.008%	$340K	$930K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.821	long leg	$147.7M	$353.1M	100x
Bybit BZUSDT	0.0000%	8h	97.790	−0.032%	$10.3M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.810	−0.011%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.791	−0.031%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.770	−0.052%	$9.3M	$10.9M	100x
Bitget BZUSDT	0.0000%	4h	97.830	+0.009%	$28.0M	$17.4M	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	97.738	−0.085%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.770	−0.052%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.770	−0.052%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.750	−0.073%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.800	−0.022%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.750	−0.073%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	−0.030%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.313	+0.503%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.86	+4.129%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.820	−0.001%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.834	+0.013%	$678K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.819	−0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.833	+0.012%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.804	−0.018%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.760	−0.063%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	97.795	−0.027%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	−0.032%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.830	+0.009%	$3.8M	$827K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.850	+0.029%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.765	−0.058%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.765	−0.057%	$116K	—	111x	as long as short