Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against OKX0.000%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days−0.069%−$7 · spread now 0.000%, 7d avg −0.055%

Together, before fees−0.167%−$17 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: Gate is 0.055% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.560	0	get 0.0000% / 4h	1h 14m	$16.1M	$19.7M	50x
Short	Gate BZ_USDT	97.560	0	get 0.0000% / 8h	1h 14m	$9.3M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.055%: $5.48
Slippage, 4 orders: −$9.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.71
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago	0.51 bp	6.5 bp −$6	10.7 bp −$107	28.6 bp −$2,863	doesn't fit
Sell Gate live order book, 4 min ago	1.02 bp	11.5 bp −$11	17.8 bp −$178	28.6 bp −$2,857	42.0 bp −$21.0K

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	96.970	−0.605%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.144%	$237K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.580	+0.021%	$339K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.574	+0.015%	$148.0M	$351.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.550	−0.010%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.560	long leg	$16.1M	$19.7M	50x
RISEx BZ/USDC	0.0000%	1h	97.565	+0.005%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.610	+0.051%	$34K	—	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.560	0.000%	$9.3M	$11.1M	100x
Bitget BZUSDT	0.0000%	4h	97.560	0.000%	$27.8M	$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	97.658	+0.100%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.664	+0.106%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.640	+0.082%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.610	+0.051%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.103%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.640	+0.082%	$1.2M	$86K	100x	as long as short
BloFin BZ-USDT	+0.0002%	4h	97.610	+0.051%	$1.5M	$96K	50x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.686	+0.129%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.72	+4.264%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.168	+0.623%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.600	+0.041%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.582	+0.023%	$683K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.599	+0.040%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.574	+0.014%	$155.0M	$116.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.621	+0.063%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.550	−0.010%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	97.704	+0.148%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.580	+0.021%	$3.8M	$815K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.730	+0.174%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.598	+0.039%	$82K	$205K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	+0.067%	$116K	—	111x	as long as short