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: Gate against edgeX−0.045%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.045%, 7d avg −0.031%

Together, before fees−0.145%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.183	0.0000	pay 0.0000% / 4h	3h 50m	$220K	$233K	20x
Short	Gate BZ_USDT	96.140	0	get 0.0000% / 8h	7h 50m	$9.2M	$14.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: −$0.06
Price spread: −0.045% → −0.031%: −$1.43
Slippage, 4 orders: −$27.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.64
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from edgeX: live order book, 21 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 edgeX live order book, 21 min ago	10.40 bp	14.9 bp −$15	15.9 bp −$159	64.3 bp −$6,428	doesn't fit
Sell Gate live order book, 3 min ago	1.04 bp	11.8 bp −$12	22.4 bp −$224	33.3 bp −$3,331	45.3 bp −$22.6K

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.145	−0.040%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.700%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.118%	$232K	$483K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.170	−0.014%	$103K	$272K	15x	as long as short
BloFin BZ-USDT	−0.0057%	4h	96.140	−0.045%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.028%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.190	+0.007%	$145.7M	$438.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.170	−0.014%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.170	−0.014%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.160	−0.024%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	96.140	−0.045%	$9.2M	$14.2M	100x
Bitget BZUSDT	0.0000%	4h	96.200	+0.017%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	−0.066%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	+0.057%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.170	−0.014%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.045%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.184%	$1.2M	$94K	100x	as long as short
edgeX BZUSDClong	0.0000%	4h	96.183	long leg	$220K	$233K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.716	+0.554%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.194	+0.011%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0026%	1h	96.140	−0.045%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0032%	1h	96.214	+0.032%	$746K	$5.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	96.174	−0.010%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.29	+4.270%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	96.180	−0.004%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.208	+0.026%	$151.0M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.235	+0.054%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.230	+0.048%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.260	+0.080%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	96.260	+0.080%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0594%	1h	96.183	−0.001%	$6K	$44K	5x	as long as short