Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against KuCoin+0.612%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.612% dearer against KuCoin than usual: you sell high and buy low (spread +0.612% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.480	0.0100	pay 0.0050% / 4h	3h 59m	$3.8M	$799K	50x
Short	gTrade (Gains Network) BRENT/USD	98.076	L +0.0011% / S −0.0011%	get 0.0001% / 1h	59m 14s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.612%Rate

Funding earned: −$18.66
Price spread: +0.612% → 0.000%: $61.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $20.49
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 8 min ago	0.51 bp	13.5 bp −$13	35.5 bp −$355	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 PERP	−0.0220%	1h	96.342	−1.167%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.480	0.000%	$100K	$257K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0067%	1h	97.450	−0.031%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	0.000%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.487	+0.007%	$2.4M	$1.7M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.520	+0.041%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.480	0.000%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.490	+0.010%	$148.7M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.500	+0.021%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.480	0.000%	$16.1M	$19.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.460	−0.021%	$9.2M	$10.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.500	+0.021%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.422	−0.060%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.132%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.530	+0.051%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.420	−0.062%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	+0.041%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	97.311	−0.173%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.51	+4.134%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	98.076	+0.612%	—	—	—
BloFin BZ-USDT	+0.0029%	4h	97.470	−0.010%	$1.5M	$99K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.495	+0.015%	$747K	$2.9M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.540	+0.062%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.523	+0.044%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.537	+0.058%	$155.6M	$115.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.530	+0.051%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	97.411	−0.071%	$7K	$40K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.480	long leg	$3.8M	$799K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.390	−0.092%	$26K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.525	+0.046%	$116K	—	111x	as long as short