Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Gate+0.093%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.093%, 7d avg +0.074%

Together, before fees+0.132%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.000	0	get 0.0000% / 8h	7h 20m	$9.2M	$10.7M	100x
Short	tradeXYZ xyz:BRENTOIL	97.090	0.0050	get 0.0006% / 1h	20m 03s	$154.4M	$116.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.093%Rate

Funding earned: $10.5
Price spread: +0.093% → +0.074%: $1.9
Slippage, 4 orders: −$10.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.94
Costs to cover: 0.433%
Break-even: 27.6 days

Slippage from Gate: live order book, 3 min ago; tradeXYZ: live order book, 10 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, 3 min ago	1.03 bp	12.4 bp −$12	21.6 bp −$216	28.3 bp −$2,834	39.6 bp −$19.8K
Sell tradeXYZ live order book, 10 min ago	0.05 bp	9.7 bp −$10	10.5 bp −$105	doesn't fit	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0265%	1h	97.070	+0.072%	$100K	$267K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.678%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0087%	1h	96.980	−0.021%	$3.1M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0064%	4h	97.181	+0.186%	$13K	$340K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.240	+0.247%	$237K	$410K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.039	+0.040%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.110	+0.114%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.068	+0.070%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.074	+0.076%	$148.0M	$357.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.060	+0.062%	$10.2M	$13.4M	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-SWAP	0.0000%	4h	97.050	+0.052%	$16.2M	$20.0M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.000	long leg	$9.2M	$10.7M	100x
Bitget BZUSDT	0.0000%	4h	97.080	+0.082%	$27.9M	$19.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	+0.032%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.100	+0.103%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	+0.082%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.190	+0.196%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.95	+4.072%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.629	+0.649%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.177	+0.183%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.060	+0.062%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.123	+0.126%	$749K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	97.114	+0.118%	$2K	$1K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.140	+0.144%	$33K	—	20x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.090	+0.093%	$154.4M	$116.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.095	+0.098%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	97.239	+0.246%	$7K	$39K	5x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.040	+0.041%	$1.5M	$101K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.100	+0.103%	$3.8M	$786K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	+0.227%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0327% / S −0.2771%	1h	97.065	+0.067%	$115K	—	111x	as long as short