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: BloFin against Hotstuff−0.064%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on BloFin

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.064% cheaper against Hotstuff than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hotstuff. 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 HotstuffbpFee BloFinbpOrdersPrice 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 Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 1 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	0.53 bp	7.6 bp −$8	9.8 bp −$98	22.1 bp −$2,210	doesn't fit

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	94.873	+0.416%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0336%	1h	94.633	+0.162%	$108K	$275K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.990	+0.540%	$252K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0060%	8h	94.930	+0.476%	$10.5M	$17.9M	100x	as long as short
BloFin BZ-USDTshort	−0.0048%	4h	94.420	−0.064%	$1.5M	$123K	50x
Binance BZUSDT	−0.0024%	4h	94.982	+0.531%	$146.3M	$473.9M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−0.141%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.370	−0.116%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.949	+0.497%	$326K	$683K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.860	+0.402%	$15.8M	$29.9M	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	94.820	+0.360%	$8.9M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.970	+0.519%	$27.5M	$31.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	−0.074%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.890	+0.434%	$4K	$1.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	94.790	+0.328%	$29K	$384K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.000	+0.550%	$243K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.960	+0.508%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0011%	1h	94.346	−0.142%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.948	+0.495%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.100	+3.831%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.930	+0.476%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.869	+0.412%	$759K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.377%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.931	+0.478%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.987	+0.537%	$141.9M	$186.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.452	−0.030%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.380	−0.106%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.870	+0.413%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.420	−0.064%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.425	−0.058%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0184%	1h	94.480	long leg	$33K	—	20x