Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Gate against Injective+0.984%99s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.984% dearer against Injective than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 99 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	Injective BRENT/USDC PERP	96.817	−0.0220	get 0.0028% / 1h	45m 37s	$8K	$7K	30x
Short	Gate BZ_USDT	97.770	0	get 0.0000% / 8h	1h 45m	$9.3M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +0.984%Rate

Funding earned: $46.2
Price spread: +0.984% → 0.000%: $98.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $129.61
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	1.02 bp	12.4 bp −$12	18.2 bp −$182	30.5 bp −$3,054	43.3 bp −$21.7K

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	−0.0220%	1h	96.817	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	+0.736%	$235K	$416K	15x	as long as short
BloFin BZ-USDT	−0.0055%	4h	97.780	+0.995%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.829	+1.046%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.821	+1.037%	$147.7M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.790	+1.005%	$10.3M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.810	+1.026%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.791	+1.006%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.770	+0.984%	$9.3M	$10.9M	100x
Bitget BZUSDT	0.0000%	4h	97.830	+1.046%	$28.0M	$17.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.738	+0.951%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.770	+0.984%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.770	+0.984%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.750	+0.964%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.800	+1.015%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.750	+0.964%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	+1.007%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.313	+1.545%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.86	+5.209%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.820	+1.036%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.834	+1.051%	$678K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.819	+1.035%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.833	+1.049%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.804	+1.019%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.760	+0.974%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	97.795	+1.010%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	+1.005%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.830	+1.046%	$3.8M	$827K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.850	+1.067%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.765	+0.979%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.765	+0.979%	$116K	—	111x	as long as short