Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.010%

Price spread now: SunX against Hotstuff−0.062%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 SunX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.062% cheaper against Hotstuff than usual: you would sell low and buy high, −$6 on $10k if it 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	Hotstuff BRENTOIL-PERP	96.110	0.0008	pay 0.0001% / 1h	19m 13s	$33K	—	20x
Short	SunX BRENTOIL-USDT	96.050	0	get 0.0000% / 4h	1h 19m	$4K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$1.68
Price spread: −0.062% → 0.000%: −$6.24
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.92
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	18.76 bp	26.7 bp −$27	35.3 bp −$353	doesn't fit	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 30 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	96.025	−0.088%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−1.065%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0096%	1h	95.990	−0.125%	$3.0M	$1.1M	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.052	−0.061%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	−0.062%	$232K	$638K	15x	as long as short
BloFin BZ-USDT	−0.0010%	4h	96.030	−0.083%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.061	−0.051%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.050	−0.062%	$145.7M	$477.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.050	−0.062%	$10.3M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.020	−0.094%	$15.8M	$27.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.000	−0.114%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.020	−0.094%	$27.4M	$21.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.153%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.965	−0.151%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.050	−0.062%	$4K	$2.7M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.060	−0.052%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.156%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.030	−0.083%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	95.954	−0.162%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0004%	1h	96.013	−0.101%	$5K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0008%	1h	96.110	long leg	$33K	—	20x
Paradex BZ-USD-PERP	+0.0015%	8h	96.039	−0.074%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.990	−0.125%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.922	−0.195%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.07	+4.120%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.095	−0.016%	$147.8M	$146.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.103	−0.007%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.080	−0.031%	$3.8M	$998K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.030	−0.083%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.063	−0.049%	$81K	$235K	20x	as long as short