Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: HTX against Extended−0.048%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.048%, 7d avg −0.052%

Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.847	0.0032	pay 0.0004% / 1h	45m 08s	$678K	$3.4M	10x
Short	HTX BRENTOIL-USDT	97.800	0	get 0.0000% / 4h	1h 45m	$281K	$253K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$6.72
Price spread: −0.048% → −0.052%: $0.4
Slippage, 4 orders: −$8.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.84
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; HTX: live order book, 62 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 Extended live order book, 4 min ago	0.77 bp	4.0 bp −$4	13.7 bp −$137	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	2.57 bp	8.6 bp −$9	9.6 bp −$96	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	96.817	−1.053%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.324%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0057%	1h	97.820	−0.028%	$100K	$251K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.810	−0.038%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.850	+0.003%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.840	−0.007%	$147.7M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	−0.048%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.840	−0.007%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.791	−0.057%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.780	−0.068%	$9.3M	$10.9M	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	97.850	+0.003%	$28.1M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.738	−0.111%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.800	−0.048%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.860	+0.013%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.800	−0.048%	$281K	$253K	75x
Phemex XBRUSDT	0.0000%	4h	97.810	−0.038%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	−0.056%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.387	+0.552%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.92	+4.163%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.840	−0.007%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.847	long leg	$678K	$3.4M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.819	−0.028%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.866	+0.019%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.874	+0.028%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.760	−0.089%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.798	−0.050%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	−0.058%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.860	+0.013%	$3.9M	$827K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.780	−0.068%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.851	+0.004%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.835	−0.012%	$116K	—	111x	as long as short