Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: edgeX against Gate−0.168%112s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.514% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.168%, 7d avg +0.029%

Together, before fees+0.277%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.198% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.910	0	get 0.0000% / 8h	6h 17m	$9.2M	$12.8M	100x
Short	edgeX BZUSDC	96.747	0.0002	get 0.0001% / 4h	2h 17m	$222K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0.37
Price spread: −0.168% → +0.029%: −$19.77
Slippage, 4 orders: −$27.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$70.84
Costs to cover: 0.514%
Break-even: 1333.6 days

Slippage from Gate: live order book, 1 min ago; edgeX: live order book, 49 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, 1 min ago	1.03 bp	10.5 bp −$10	17.6 bp −$176	27.4 bp −$2,736	39.9 bp −$19.9K
Sell edgeX live order book, 49 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	doesn't fit

BZ on 30 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	95.978	−0.962%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.103%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.970	+0.062%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.960	+0.052%	$146.6M	$379.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	+0.021%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	+0.052%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.942	+0.033%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.910	long leg	$9.2M	$12.8M	100x
Bitget BZUSDT	0.0000%	4h	96.960	+0.052%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.747	−0.168%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.151%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.165%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.960	+0.052%	$1.2M	$83K	100x	as long as short
edgeX BZUSDCshort	+0.0002%	4h	96.747	−0.168%	$222K	$228K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.449	+0.556%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	+0.041%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.943	+0.034%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.97	+4.189%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.946	+0.037%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.968	+0.060%	$151.9M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.950	+0.041%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	+0.021%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.114%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.780	−0.134%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.970	+0.062%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0085%	1h	96.905	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0240%	1h	96.818	−0.095%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.930	+0.020%	$83K	$218K	20x	as long as short