Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.377%46s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.353% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.377%, 7d avg −0.051%

Together, before fees+0.032%+$3 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 0.326% cheaper against Bitget than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 46 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	95.420	0	get 0.0000% / 4h	2h 58m	$28.1M	$22.1M	100x
Short	HTX BRENTOIL-USDT	95.060	0	get 0.0000% / 4h	2h 58m	$272K	$263K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.377%Rate

Funding earned: $0
Price spread: −0.377% → −0.051%: −$32.6
Slippage, 4 orders: −$11.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$67.88
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 33 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 Bitget live order book, 5 min ago	0.52 bp	8.4 bp −$8	10.9 bp −$109	29.1 bp −$2,907	doesn't fit
Sell HTX live order book, 33 min ago	3.60 bp	9.6 bp −$10	13.4 bp −$134	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
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.335	−0.090%	$81K	$203K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.447	+0.028%	$2.3M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0274%	1h	95.360	−0.063%	$98K	$268K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	−0.220%	$14K	$328K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.320	−0.105%	$276K	$590K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	95.160	−0.272%	$33K	—	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0045%	1h	95.370	−0.052%	$3.0M	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0043%	8h	95.410	−0.010%	$10.1M	$14.6M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.480	+0.063%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.420	0.000%	$146.4M	$392.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.420	0.000%	$15.9M	$23.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.360	−0.063%	$9.2M	$10.9M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	95.420	long leg	$28.1M	$22.1M	100x
Variational Omni BZ	0.0000%	4h	95.237	−0.191%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.160	−0.272%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	95.060	−0.377%	$272K	$263K	75x
Phemex XBRUSDT	0.0000%	4h	95.550	+0.136%	$1.2M	$80K	100x	as long as short
Vest BZ-PERP	+0.0011%	1h	99.060	+3.815%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.245%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	95.073	−0.363%	$218K	$232K	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	95.466	+0.048%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.490	+0.073%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.471	+0.053%	$751K	$2.7M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+0.966%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	+0.0048%	4h	95.070	−0.367%	$1.5M	$102K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.451	+0.032%	$152.9M	$127.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.414	−0.006%	$1.6M	$386K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0053%	1h	95.389	−0.032%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.470	+0.052%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.320	−0.105%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	−0.183%	$33K	—	111x	as long as short