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: SunX against Gate+0.192%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.192%, 7d avg +0.067%

Together, before fees−0.157%−$16 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: SunX is 0.125% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	93.760	0	get 0.0000% / 8h	5h 47m	$8.8M	$12.7M	100x
Short	SunX BRENTOIL-USDT	93.940	0	get 0.0000% / 4h	1h 47m	$4K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.192%Rate

Funding earned: $0
Price spread: +0.192% → +0.067%: $12.52
Slippage, 4 orders: −$48.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$59.35
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; SunX: live order book, 3 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, 5 min ago	0.53 bp	11.7 bp −$12	21.6 bp −$216	31.2 bp −$3,123	43.7 bp −$21.9K
Sell SunX live order book, 3 min ago	18.63 bp	25.9 bp −$26	34.6 bp −$346	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.565%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0602%	1h	93.770	+0.011%	$39K	$379K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.798	+0.041%	$96K	$266K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.914	+0.164%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+1.148%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0091%	8h	93.820	+0.064%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	+0.085%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	93.947	+0.200%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0035%	4h	93.840	+0.085%	$144.8M	$469.8M	100x	as long as short
edgeX BZUSDC	−0.0023%	4h	93.931	+0.182%	$216K	$231K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	93.820	+0.064%	$322K	$819K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.830	+0.075%	$15.7M	$28.5M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	93.760	long leg	$8.8M	$12.7M	100x
Bitget BZUSDT	0.0000%	4h	93.830	+0.075%	$27.6M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	+0.140%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	93.940	+0.192%	$4K	$1.7M	20x
HTX BRENTOIL-USDT	0.0000%	4h	93.910	+0.160%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.200	+0.469%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.280	+0.554%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.520	+4.010%	—	$736K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0018%	1h	93.790	+0.032%	$128.8M	$183.9M	20x	as long as short
Lighter BRENTOIL	+0.0024%	1h	93.790	+0.032%	$3.4M	$5.6M	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	93.870	+0.118%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	94.047	+0.306%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0032%	4h	93.850	+0.096%	$1.5M	$110K	50x	as long as short
Extended XBR-USD	+0.0032%	1h	93.830	+0.075%	$756K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.864	+0.111%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.890	+0.139%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.780	+0.021%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.860	+0.107%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.815	+0.059%	$32K	—	111x	as long as short