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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: HTX against Binance−0.158%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.158%, 7d avg −0.073%

Together, before fees−0.085%−$8 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: HTX is 0.085% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.153	0	get 0.0000% / 4h	16m 01s	$148.2M	$351.9M	100x
Short	HTX BRENTOIL-USDT	97.000	0	get 0.0000% / 4h	16m 01s	$278K	$254K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.073%: −$8.52
Slippage, 4 orders: −$7.2
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.71
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; HTX: live order book, 21 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 Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	6.0 bp −$60	11.9 bp −$1,186	44.1 bp −$22.0K
Sell HTX live order book, 21 min ago	3.08 bp	9.1 bp −$9	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.835%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0162%	1h	97.110	−0.044%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.044%	$236K	$416K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0003%	1h	97.030	−0.127%	$3.1M	$995K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.196	+0.044%	$338K	$860K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.153	long leg	$148.2M	$351.9M	100x
Bybit BZUSDT	0.0000%	8h	97.150	−0.003%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	−0.003%	$16.0M	$19.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.091	−0.064%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	−0.044%	$9.2M	$11.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.160	+0.007%	$27.8M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.058	−0.098%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.088	−0.067%	$18K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.140	−0.014%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.000	−0.158%	$278K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.560	+0.419%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.15	+4.114%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.683	+0.546%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.047	−0.109%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.120	−0.034%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.182	+0.029%	$735K	$3.0M	10x	as long as short
BloFin BZ-USDT	+0.0042%	4h	96.990	−0.168%	$1.5M	$98K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.103	−0.052%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.179	+0.027%	$155.2M	$115.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.146	−0.007%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0092%	1h	97.099	−0.056%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.110	−0.044%	$3.8M	$803K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.090	−0.065%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.135	−0.019%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0224%	1h	97.140	−0.014%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.115	−0.039%	$115K	—	111x	as long as short