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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX+0.144%7-day average +0.049% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.144%, 7d avg +0.049%

Together, before fees+0.059%+$6 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: Bitget is 0.095% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.120	0	get 0.0000% / 4h	50m 14s	$279K	$268K	75x
Short	Bitget BZUSDT	97.260	0	get 0.0000% / 4h	50m 14s	$27.5M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.049%: $9.47
Slippage, 4 orders: −$9.34
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.87
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from HTX: live order book, 7 min ago; Bitget: live order book, 4 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, 7 min ago	1.54 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.51 bp	7.3 bp −$7	9.4 bp −$94	25.1 bp −$2,514	70.8 bp −$35.4K

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	96.376	−0.766%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.124%	$234K	$437K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	+0.165%	$338K	$955K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.260	+0.144%	$147.1M	$371.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.250	+0.134%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.260	+0.144%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.260	+0.144%	$2.2M	$1.4M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.290	+0.175%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.190	+0.072%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.260	+0.144%	$27.5M	$16.3M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.238	+0.121%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.263	+0.148%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.165%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.260	+0.144%	$104K	$250K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.120	long leg	$279K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.250	+0.134%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.281	+0.166%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.799	+0.699%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.260	+0.144%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.275	+0.159%	$676K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0037%	1h	101.30	+4.304%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0044%	4h	97.230	+0.113%	$1.5M	$92K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.281	+0.165%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.281	+0.166%	$152.6M	$124.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.321	+0.207%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.220	+0.103%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.290	+0.175%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.320	+0.206%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0106%	1h	97.319	+0.205%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.279	+0.163%	$84K	$213K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0189% / S +0.0011%	1h	97.245	+0.129%	$126K	—	111x	as long as short