Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.031%

Price spread now: Hotstuff against BloFin+0.064%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hotstuff is 0.064% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	94.420	−0.0048	get 0.0024% / 4h	49m 53s	$1.5M	$123K	50x
Short	Hotstuff BRENTOIL-PERP	94.480	0.0184	get 0.0023% / 1h	49m 53s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now +0.064%Rate

Funding earned: $48.72
Price spread: +0.064% → 0.000%: $6.35
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $38.08
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	0.53 bp	7.4 bp −$7	9.8 bp −$98	23.3 bp −$2,329	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 exchanges

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
RISEx BZ/USDC	−0.0384%	1h	94.422	+0.002%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0336%	1h	94.633	+0.226%	$108K	$275K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.990	+0.604%	$252K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0058%	8h	94.930	+0.540%	$10.5M	$17.9M	100x	as long as short
BloFin BZ-USDTlong	−0.0048%	4h	94.420	long leg	$1.5M	$123K	50x
Binance BZUSDT	−0.0023%	4h	94.939	+0.550%	$146.2M	$473.6M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−0.078%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.370	−0.053%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.910	+0.519%	$326K	$683K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.870	+0.477%	$15.8M	$29.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	94.900	+0.508%	$8.9M	$13.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.980	+0.593%	$27.5M	$31.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	−0.011%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.890	+0.498%	$4K	$1.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	94.790	+0.392%	$29K	$384K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.000	+0.614%	$243K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.960	+0.572%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0011%	1h	94.346	−0.078%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.948	+0.559%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.100	+3.897%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.020	+0.635%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.942	+0.553%	$763K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.441%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.471	+0.054%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.987	+0.601%	$141.9M	$186.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.452	+0.034%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.380	−0.042%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.840	+0.445%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.420	0.000%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.425	+0.005%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0184%	1h	94.480	+0.064%	$33K	—	20x