Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.017%

Price spread now: Gate against BloFin0.000%108s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.432% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now 0.000%, 7d avg −0.043%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.043% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.043%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.246% in total) that is about 30 hours. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.040	0.0037	pay 0.0018% / 4h	41m 21s	$1.5M	$95K	50x
Short	Gate BZ_USDT	96.040	0	get 0.0000% / 8h	41m 21s	$9.2M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$7.76
Price spread: 0.000% → −0.043%: $4.33
Slippage, 4 orders: −$16.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.67
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 1 min ago	1.04 bp	7.0 bp −$7	10.8 bp −$108	16.9 bp −$1,686	doesn't fit
Sell Gate live order book, 2 min ago	0.52 bp	14.1 bp −$14	23.2 bp −$232	31.5 bp −$3,149	43.4 bp −$21.7K

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.075	+0.036%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.699%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0148%	1h	96.119	+0.082%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.021%	$232K	$577K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.110	+0.073%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.058	+0.019%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0016%	4h	96.080	+0.042%	$145.8M	$467.7M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	+0.021%	$34K	$375K	25x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.083%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.080	+0.042%	$10.4M	$16.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.100	+0.062%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.040	0.000%	$9.2M	$16.3M	100x
Bitget BZUSDT	0.0000%	4h	96.080	+0.042%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.080%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.090	+0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.100	+0.062%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.010%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.080	+0.042%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.055%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0011%	8h	96.080	+0.042%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.080	+0.042%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0033%	1h	96.110	+0.073%	$6K	$45K	5x	as long as short
BloFin BZ-USDTlong	+0.0037%	4h	96.040	long leg	$1.5M	$95K	50x
Vest BZ-PERP	+0.0046%	1h	99.740	+3.853%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.131	+0.095%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.070	+0.031%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	+0.031%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.094%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.111	+0.074%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.011	−0.030%	$671K	$5.2M	10x	as long as short