Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.028%

Price spread now: Hotstuff against Bitget0.000%56s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 56 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	Bitget BZUSDT	95.990	0	get 0.0000% / 4h	3h 26m	$27.6M	$23.2M	100x
Short	Hotstuff BRENTOIL-PERP	95.990	−0.0128	pay 0.0016% / 1h	26m 45s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$26.88
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$43.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Hotstuff: 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 Bitget live order book, 2 min ago	1.04 bp	7.6 bp −$8	9.7 bp −$97	36.2 bp −$3,621	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0378% / S +0.0372%	1h	95.975	−0.016%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.293	−0.726%	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0130%	1h	95.998	+0.008%	$81K	$262K	20x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0128%	1h	95.990	0.000%	$33K	—	20x
Coinbase International BRENTOIL-PERP-INTX	−0.0128%	1h	95.990	0.000%	$230K	$839K	15x	as long as short
BloFin BZ-USDT	−0.0043%	4h	95.990	0.000%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.004	+0.015%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.000	+0.010%	$145.5M	$480.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	−0.010%	$10.3M	$16.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.990	0.000%	$15.8M	$30.2M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BZ/USDC	0.0000%	1h	95.972	−0.019%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.960	−0.031%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	95.990	long leg	$27.6M	$23.2M	100x
Variational Omni BZ	0.0000%	4h	95.924	−0.069%	$9.5M	$11.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.948	−0.044%	$26K	$410K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.000	+0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.010	+0.021%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.125%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.980	−0.010%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	95.964	−0.027%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.677	+0.715%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.000	+0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.006	+0.017%	$670K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	95.910	−0.083%	$3.1M	$1.1M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0040%	1h	95.968	−0.023%	$6K	$46K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.06	+4.240%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	95.994	+0.004%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.014	+0.025%	$147.9M	$145.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.042	+0.054%	$1.5M	$545K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	+0.083%	$3.7M	$993K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.980	−0.010%	$25K	$270K	50x	as long as short