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 0.000%

Price spread now: Gate against Bitget−0.041%7-day average −0.066% · 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−$35as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.041%, 7d avg −0.066%

Together, before fees−0.112%−$11 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 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	97.070	0	get 0.0000% / 4h	19m 37s	$27.8M	$18.4M	100x
Short	Gate BZ_USDT	97.030	0	get 0.0000% / 8h	19m 37s	$9.2M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.066%: $2.48
Slippage, 4 orders: −$10.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.91
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 4 min ago	0.51 bp	7.6 bp −$8	10.8 bp −$108	25.5 bp −$2,554	doesn't fit
Sell Gate live order book, 4 min ago	1.03 bp	12.1 bp −$12	22.0 bp −$220	30.3 bp −$3,028	42.0 bp −$21.0K

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	96.605	−0.479%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0059%	1h	97.040	−0.031%	$100K	$255K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	+0.041%	$236K	$416K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.124	+0.055%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.079	+0.009%	$148.0M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.060	−0.010%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.060	−0.010%	$16.0M	$19.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.044	−0.027%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.030	−0.041%	$9.2M	$11.1M	100x
Bitget BZUSDTlong	0.0000%	4h	97.070	long leg	$27.8M	$18.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.058	−0.012%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.086	+0.016%	$18K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.070	0.000%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.030	−0.041%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.484%	$1.2M	$86K	100x	as long as short
Ondo Perps BRENT-USD.P	+0.0004%	1h	97.000	−0.072%	$3.1M	$1.0M	15x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.10	+4.152%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.627	+0.574%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	97.075	+0.005%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.080	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.083	+0.014%	$735K	$3.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.077	+0.007%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.110	+0.041%	$155.0M	$114.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.098	+0.029%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.070	0.000%	$1.5M	$98K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0096%	1h	97.117	+0.048%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.060	−0.010%	$3.8M	$800K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.100	+0.031%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.068	−0.002%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0160%	1h	97.090	+0.021%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.075	+0.005%	$115K	—	111x	as long as short