Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.026%

Price spread now: KuCoin against gTrade (Gains Network)−0.526%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.526% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.526% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 20 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.262	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	59m 41s	—	—	—
Short	KuCoin BZUSDTM	96.750	0.0100	get 0.0050% / 4h	2h 59m	$3.8M	$921K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.526%Rate

Funding earned: $18.6
Price spread: −0.526% → 0.000%: −$52.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.02
Costs to cover: 0.220%
Break-even: 28.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	0.52 bp	15.8 bp −$16	42.6 bp −$426	doesn't fit	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 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	95.731	−1.574%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.629%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.608%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.726	−0.551%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.735	−0.542%	$145.9M	$401.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.730	−0.547%	$10.4M	$15.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	−0.536%	$15.9M	$24.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	−0.520%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.720	−0.557%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.740	−0.536%	$27.7M	$17.1M	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	96.668	−0.610%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.603%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	−0.547%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	−0.526%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.578%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	−0.557%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.262	long leg	—	—	—
edgeX BZUSDC	+0.0015%	4h	96.699	−0.579%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	−0.526%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.740	−0.536%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.754	−0.522%	$718K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+3.597%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.573%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.730	−0.547%	$151.7M	$138.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	−0.503%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.588%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	−0.578%	$33K	—	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.750	−0.526%	$3.8M	$921K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.536%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	−0.552%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	−0.540%	$7K	$44K	5x	as long as short