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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.041%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.041%, 7d avg −0.049%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.370	0	get 0.0000% / 8h	3h 45m	$10.4M	$12.7M	100x
Short	Gate BZ_USDT	97.330	0	get 0.0000% / 8h	3h 45m	$9.2M	$12.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.049%: $0.83
Slippage, 4 orders: −$13.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.15
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.51 bp	7.9 bp −$8	10.8 bp −$108	79.8 bp −$7,976	doesn't fit
Sell Gate live order book, 3 min ago	0.51 bp	13.0 bp −$13	21.9 bp −$219	33.2 bp −$3,323	46.1 bp −$23.0K

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	96.333	−1.065%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.103%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0050%	4h	97.420	+0.051%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.364	−0.006%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.370	0.000%	$147.6M	$368.6M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.370	long leg	$10.4M	$12.7M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	+0.010%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.366	−0.004%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.330	−0.041%	$9.2M	$12.1M	100x
Bitget BZUSDT	0.0000%	4h	97.370	0.000%	$27.9M	$16.7M	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	97.348	−0.023%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.019%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.390	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	0.000%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.051%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.021%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.313	−0.059%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.902	+0.547%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.41	+4.149%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	0.000%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.383	+0.014%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.369	−0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.405	+0.036%	$153.6M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.408	+0.039%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.340	−0.031%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.376	+0.006%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+0.062%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.350	−0.021%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.329	−0.042%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.410	+0.041%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0234% / S −0.0292%	1h	97.345	−0.026%	$126K	—	111x	as long as short