Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.004%

Price spread now: BloFin against Gate+0.113%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.113%, 7d avg +0.043%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.069% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.650	0	get 0.0000% / 8h	1h 16m	$9.3M	$11.1M	100x
Short	BloFin BZ-USDT	97.760	0.0048	get 0.0024% / 4h	1h 16m	$1.5M	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.113%Rate

Funding earned: $10.1
Price spread: +0.113% → +0.043%: $6.94
Slippage, 4 orders: −$10.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20
Costs to cover: 0.370%
Break-even: 20.9 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 6 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 Gate live order book, 2 min ago	1.02 bp	10.5 bp −$10	18.7 bp −$187	34.3 bp −$3,428	45.4 bp −$22.7K
Sell BloFin live order book, 6 min ago	1.53 bp	7.5 bp −$8	10.8 bp −$108	18.1 bp −$1,811	doesn't fit

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	96.970	−0.696%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.051%	$237K	$417K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.710	+0.061%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.681	+0.031%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.694	+0.045%	$147.7M	$350.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.660	+0.010%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.680	+0.031%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.665	+0.015%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.650	long leg	$9.3M	$11.1M	100x
Bitget BZUSDT	0.0000%	4h	97.700	+0.051%	$27.8M	$17.4M	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	97.718	+0.070%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.664	+0.014%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.072%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.720	+0.072%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	+0.041%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.760	+0.113%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.673	+0.023%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.83	+4.281%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.278	+0.643%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.710	+0.061%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.666	+0.016%	$682K	$3.2M	10x	as long as short
BloFin BZ-USDTshort	+0.0048%	4h	97.760	+0.113%	$1.5M	$97K	50x
Paradex BZ-USD-PERP	+0.0050%	8h	97.701	+0.052%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.692	+0.043%	$155.1M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.718	+0.070%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.660	+0.010%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0090%	1h	97.725	+0.077%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.670	+0.020%	$3.8M	$814K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	+0.092%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.714	+0.066%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.725	+0.077%	$116K	—	111x	as long as short