Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Gate+0.031%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.031%, 7d avg +0.054%

Together, before fees+0.098%+$10 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: OKX is 0.023% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.810	0	get 0.0000% / 8h	7h 17m	$9.2M	$10.8M	100x
Short	OKX BZ-USDT-SWAP	96.840	0	get 0.0000% / 4h	3h 17m	$16.2M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.054%: −$2.32
Slippage, 4 orders: −$12.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.24
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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	0.52 bp	12.8 bp −$13	23.8 bp −$238	30.1 bp −$3,006	42.8 bp −$21.4K
Sell OKX live order book, 1 min ago	0.52 bp	6.4 bp −$6	9.2 bp −$92	29.0 bp −$2,899	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	96.342	−0.483%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0163%	1h	96.860	+0.052%	$99K	$268K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0094%	4h	96.917	+0.111%	$13K	$327K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0086%	1h	96.750	−0.062%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	96.880	+0.072%	$277K	$541K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	96.789	−0.022%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	96.879	+0.071%	$81K	$202K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.900	+0.093%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.840	+0.031%	$147.6M	$359.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.840	+0.031%	$10.1M	$13.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.840	+0.031%	$16.2M	$20.4M	50x
Gate BZ_USDTlong	0.0000%	8h	96.810	long leg	$9.2M	$10.8M	100x
Bitget BZUSDT	0.0000%	4h	96.840	+0.031%	$28.0M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	+0.228%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.860	+0.052%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	+0.196%	$278K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.030	+0.227%	$1.2M	$81K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.72	+4.039%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.394	+0.603%	—	—	—	as long as short
BloFin BZ-USDT	+0.0017%	4h	96.830	+0.021%	$1.5M	$101K	50x	as long as short
edgeX BZUSDC	+0.0019%	4h	96.945	+0.139%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.800	−0.010%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.889	+0.082%	$749K	$2.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.829	+0.019%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.860	+0.052%	$153.4M	$117.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.850	+0.041%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	97.072	+0.271%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	+0.031%	$3.7M	$949K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.110	+0.310%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	96.830	+0.021%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0326% / S −0.2771%	1h	96.825	+0.015%	$115K	—	111x	as long as short