Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Deribit against Gate+0.072%51s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.356% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.272%−$27 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.072%, 7d avg +0.062%
Together, before fees−0.381%−$38 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BZ_USDT97.3300get 0.0000% / 8h3h 46m$9.2M$12.1M100x
ShortDeribit BRENTOIL_USDC-PERPETUAL97.4000get 0.0000% / 1h46m 23s$104K$240K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$0
Price spread: +0.072% → +0.062%
$1
Slippage, 4 orders
−$13.58
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$34.58
Costs to cover
0.356%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Deribit: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago0.51 bp10.5 bp −$1116.3 bp −$16328.3 bp −$2,83140.6 bp −$20.3K
Sell Deribit live order book, 7 min ago0.51 bp4.0 bp −$45.1 bp −$51doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.333−1.024%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.270−0.062%$233K$439K15xas long as short
BloFin BZ-USDT−0.0050%4h97.420+0.092%$1.5M$92K50xas long as short
Aster BZUSDT0.0000%4h97.370+0.041%$339K$930K50xas long as short
Binance BZUSDT0.0000%4h97.355+0.025%$147.6M$368.5M100xas long as short
Bybit BZUSDT0.0000%8h97.360+0.031%$10.4M$12.7M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.380+0.051%$16.0M$20.4M50xas long as short
RISEx BZ/USDC0.0000%1h97.366+0.037%$2.4M$1.7M20xas long as short
Gate BZ_USDTlong0.0000%8h97.330long leg$9.2M$12.1M100x
Bitget BZUSDT0.0000%4h97.360+0.031%$27.9M$16.7M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.258−0.074%$9.4M$6.8Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.351+0.022%$29K$346K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.400+0.072%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUALshort0.0000%1h97.400+0.072%$104K$240K15x
HTX BRENTOIL-USDT0.0000%4h97.160−0.175%$279K$267K75xas long as short
Phemex XBRUSDT0.0000%4h97.390+0.062%$1.2M$84K100xas long as short
edgeX BZUSDC+0.0002%4h97.313−0.018%$223K$228K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.902+0.588%as long as short
Vest BZ-PERP+0.0030%1h101.41+4.192%$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.370+0.041%$3.2M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.388+0.059%$679K$4.2M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.369+0.040%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.397+0.069%$153.6M$126.2M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.408+0.080%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.340+0.010%$3.1M$1.0M15xas long as short
Kraken Futures PF_BRENTOILUSD+0.0063%1h97.404+0.076%$82K$208K20xas long as short
KuCoin BZUSDTM+0.0100%4h97.430+0.103%$3.8M$869K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.350+0.021%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0108%1h97.329−0.001%$7K$43K5xas long as short
Hotstuff BRENTOIL-PERP+0.0136%1h97.410+0.082%$34K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0233% / S −0.0286%1h97.395+0.067%$126K111xas long as short