Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.046%

Price spread now: Binance against HTX+0.083%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 2 days (all we have)−0.059%−$6 · spread now +0.083%, 7d avg +0.048%

Together, before fees−0.012%−$1 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: Binance is 0.036% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	95.880	0	get 0.0000% / 4h	2h 23m	$318K	$233K	75x
Short	Binance BZUSDT	95.960	0	get 0.0000% / 4h	2h 23m	$145.6M	$488.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.048%: $3.57
Slippage, 4 orders: −$7.28
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.71
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from HTX: live order book, 64 min ago; Binance: live order book, 6 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 HTX live order book, 64 min ago	2.61 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.52 bp	5.5 bp −$6	6.5 bp −$65	20.9 bp −$2,085	93.7 bp −$46.9K

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 −0.0679% / S +0.0460%	1h	95.955	+0.078%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.503%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.177%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0043%	4h	95.960	+0.083%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.986	+0.111%	$335K	$1.7M	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	95.960	+0.083%	$145.6M	$488.3M	100x
Bybit BZUSDT	0.0000%	8h	95.960	+0.083%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	+0.073%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.950	+0.073%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.920	+0.042%	$9.1M	$19.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.940	+0.063%	$27.5M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.922	+0.043%	$9.5M	$11.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.950	+0.073%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	+0.104%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.980	+0.104%	$102K	$281K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.880	long leg	$318K	$233K	75x
Phemex XBRUSDT	0.0000%	4h	95.960	+0.083%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	95.961	+0.085%	$220K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.970	+0.094%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.936	+0.059%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.349%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.018	+0.144%	$148.2M	$146.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.025	+0.151%	$1.5M	$542K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.920	+0.042%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0051%	8h	95.966	+0.089%	$3K	$521	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	+0.042%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.146%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.978	+0.102%	$81K	$263K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0168%	1h	96.021	+0.147%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0472%	1h	96.020	+0.146%	$33K	—	20x	as long as short