Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.002%

Price spread now: edgeX against gTrade (Gains Network)−0.749%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on edgeX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.749% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$75 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	94.914	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	55m 17s	—	—	—
Short	edgeX BZUSDC	94.203	−0.0012	pay 0.0006% / 4h	55m 17s	$217K	$230K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.749%Rate

Funding earned: −$4.96
Price spread: −0.749% → 0.000%: −$74.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$98.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 50 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell edgeX live order book, 50 min ago	10.62 bp	15.2 bp −$15	16.5 bp −$165	66.5 bp −$6,653	doesn't fit

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 exchanges

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
RISEx BZ/USDC	−0.0384%	1h	94.346	−0.599%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.379	−0.564%	$107K	$276K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0279%	1h	94.390	−0.552%	$29K	$385K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.805%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0060%	8h	94.430	−0.510%	$10.4M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0021%	4h	94.443	−0.496%	$145.7M	$466.1M	100x	as long as short
edgeX BZUSDCshort	−0.0012%	4h	94.203	−0.749%	$217K	$230K	20x
GRVT BZ_USDT_Perp	−0.0006%	4h	94.243	−0.708%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAP	−0.0002%	4h	94.410	−0.531%	$15.8M	$28.6M	50x	as long as short
BloFin BZ-USDT	−0.0001%	4h	94.400	−0.542%	$1.5M	$123K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.450	−0.489%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.330	−0.615%	$8.8M	$12.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.440	−0.500%	$27.4M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	−0.668%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.380	−0.563%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	−0.837%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.450	−0.489%	$1.2M	$93K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0009%	1h	94.147	−0.809%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	94.914	long leg	—	—	—
Vest BZ-PERP	+0.0017%	1h	98.040	+3.293%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.440	−0.500%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.443	−0.497%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.082%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.368	−0.576%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.413	−0.528%	$139.7M	$184.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.386	−0.556%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.320	−0.626%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.380	−0.563%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.290	−0.658%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.365	−0.579%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0504%	1h	94.280	−0.668%	$32K	—	20x	as long as short