Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against SunX+0.763%54s7-day average — · you sell dearer than you buy

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

Long on SunX 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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.763% dearer against SunX than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	SunX BRENTOIL-USDT	97.210	0	get 0.0000% / 4h	9m 25s	$4K	$2.4M	20x
Short	gTrade (Gains Network) BRENT/USD	97.952	L +0.0011% / S −0.0011%	get 0.0001% / 1h	9m 25s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.763%Rate

Funding earned: $2.34
Price spread: +0.763% → 0.000%: $76.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $60.68
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: 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 SunX live order book, 8 min ago	18.02 bp	22.0 bp −$22	30.5 bp −$305	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	−0.893%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.210	0.000%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.103%	$236K	$401K	15x	as long as short
BloFin BZ-USDT	−0.0047%	4h	97.180	−0.031%	$1.5M	$98K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0010%	1h	97.140	−0.072%	$3.1M	$999K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.333	+0.127%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.310	+0.103%	$148.4M	$350.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.300	+0.093%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	+0.103%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.254	+0.045%	$2.4M	$1.7M	20x	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	97.210	0.000%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.300	+0.093%	$27.9M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	−0.028%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.023%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.210	long leg	$4K	$2.4M	20x
HTX BRENTOIL-USDT	0.0000%	4h	97.070	−0.144%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+0.195%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.35	+4.259%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.952	+0.763%	—	—	—
edgeX BZUSDC	+0.0020%	4h	97.166	−0.046%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.280	+0.072%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.302	+0.094%	$733K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.266	+0.057%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.368	+0.163%	$155.6M	$114.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.349	+0.143%	$1.6M	$398K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.173	−0.038%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	+0.072%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	+0.021%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.208	−0.002%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.320	+0.113%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.205	−0.005%	$115K	—	111x	as long as short