Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.003%

Price spread now: Gate against gTrade (Gains Network)−0.610%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 Gate

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—needs both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.610% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$61 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	97.726	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	3m 30s	—	—	—
Short	Gate BZ_USDT	97.130	0	get 0.0000% / 8h	5h 03m	$9.2M	$12.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.610%Rate

Funding earned: −$2.4
Price spread: −0.610% → 0.000%: −$61.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.41
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	0.52 bp	11.7 bp −$12	18.8 bp −$188	27.8 bp −$2,779	40.8 bp −$20.4K

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	96.141	−1.622%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.753%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0040%	4h	97.080	−0.661%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.217	−0.521%	$338K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.198	−0.541%	$147.0M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.190	−0.549%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	−0.590%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	−0.532%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.230	−0.508%	$33K	—	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.130	−0.610%	$9.2M	$12.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.210	−0.528%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	−0.655%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.075	−0.666%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	−0.528%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.250	−0.487%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−0.743%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.220	−0.518%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.649%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.726	long leg	—	—	—
Lighter BRENTOIL	+0.0032%	1h	97.230	−0.508%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.228	−0.510%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.24	+3.595%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.225	−0.513%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.200	−0.539%	$152.4M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.254	−0.483%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.180	−0.559%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.220	−0.518%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.610%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0116%	1h	97.102	−0.639%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0022%	1h	97.185	−0.554%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.237	−0.501%	$84K	$218K	20x	as long as short