Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Gate−0.010%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.010%, 7d avg +0.015%

Together, before fees+0.069%+$7 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 0.025% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.150	0	get 0.0000% / 8h	7h 53m	$9.2M	$14.2M	100x
Short	HTX BRENTOIL-USDT	96.140	0	get 0.0000% / 4h	3h 53m	$306K	$229K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.015%: −$2.54
Slippage, 4 orders: −$14.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.06
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; HTX: live order book, 19 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 Gate live order book, 5 min ago	0.52 bp	11.0 bp −$11	21.9 bp −$219	33.5 bp −$3,351	46.3 bp −$23.2K
Sell HTX live order book, 19 min ago	1.56 bp	9.6 bp −$10	11.0 bp −$110	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.175	+0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.666%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.083%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.012%	$34K	$365K	25x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.170	+0.021%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.062%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	+0.052%	$145.8M	$439.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.190	+0.042%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	+0.042%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.196	+0.048%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTlong	0.0000%	8h	96.150	long leg	$9.2M	$14.2M	100x
Bitget BZUSDT	0.0000%	4h	96.200	+0.052%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−0.008%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.200	+0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.190	+0.042%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.140	−0.010%	$306K	$229K	75x
Phemex XBRUSDT	0.0000%	4h	96.340	+0.198%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.736	+0.610%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	+0.016%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.214	+0.067%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	96.191	+0.043%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.30	+4.316%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.232	+0.085%	$151.0M	$143.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.260	+0.114%	$1.5M	$502K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.140	−0.010%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.210	+0.062%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0096%	1h	96.201	+0.053%	$762K	$5.3M	10x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.240	+0.094%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.052%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	96.240	+0.094%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0619%	1h	96.136	−0.015%	$6K	$44K	5x	as long as short