Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: gTrade (Gains Network) against edgeX+0.540%68s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.540% dearer against edgeX than usual: you sell high and buy low, +$54 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	edgeX BZUSDC	97.016	0.0011	pay 0.0005% / 4h	5m 40s	$222K	$227K	20x
Short	gTrade (Gains Network) BRENT/USD	97.540	L +0.0011% / S −0.0011%	get 0.0001% / 1h	5m 40s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.540%Rate

Funding earned: $0.04
Price spread: +0.540% → 0.000%: $53.99
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $35.03
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: edgeX: live order book, 51 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 edgeX live order book, 51 min ago	10.27 bp	14.8 bp −$15	15.6 bp −$156	60.4 bp −$6,042	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	96.433	−0.601%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.231%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	0.0000%	4h	97.000	−0.016%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.977	−0.040%	$337K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.998	−0.018%	$146.8M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.027%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.016%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.982	−0.035%	$2.2M	$1.5M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.068%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.000	−0.016%	$27.7M	$16.6M	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	96.958	−0.060%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.034	+0.019%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.990	−0.027%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.027%	$103K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.940	−0.078%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.300	+0.293%	$1.2M	$84K	100x	as long as short
edgeX BZUSDClong	+0.0011%	4h	97.016	long leg	$222K	$227K	20x
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.540	+0.540%	—	—	—
Vest BZ-PERP	+0.0031%	1h	101.02	+4.127%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	−0.006%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.995	−0.022%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.978	−0.039%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.023	+0.007%	$153.0M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.033	+0.018%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.089%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.025%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.050	+0.035%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.030	+0.014%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.053	+0.038%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.000	−0.017%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0216% / S −0.0177%	1h	96.975	−0.042%	$126K	—	111x	as long as short