Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Extended against HTX+0.039%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.039%, 7d avg +0.052%

Together, before fees+0.204%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.140	0	get 0.0000% / 4h	3h 54m	$279K	$268K	75x
Short	Extended XBR-USD	97.178	0.0032	get 0.0004% / 1h	54m 21s	$679K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.039%Rate

Funding earned: $6.72
Price spread: +0.039% → +0.052%: −$1.26
Slippage, 4 orders: −$8.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.47
Costs to cover: 0.259%
Break-even: 28.3 days

Slippage from HTX: live order book, 63 min ago; Extended: live order book, 5 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, 63 min ago	1.54 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.08 bp	3.6 bp −$4	12.3 bp −$123	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.333	−0.831%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.093%	$233K	$438K	15x	as long as short
BloFin BZ-USDT	−0.0011%	4h	97.200	+0.062%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.153	+0.013%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.172	+0.033%	$147.1M	$368.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.150	+0.010%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.160	+0.021%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.155	+0.015%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.190	+0.051%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.120	−0.021%	$9.2M	$12.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.180	+0.041%	$27.8M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.168	+0.029%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	+0.048%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	+0.051%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.170	+0.031%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.140	long leg	$279K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.200	+0.062%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.719	+0.596%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.149	+0.009%	$223K	$226K	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.21	+4.190%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.180	+0.041%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.178	+0.039%	$679K	$4.2M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.159	+0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.201	+0.063%	$153.3M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.224	+0.086%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.130	−0.010%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.179	+0.040%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.210	+0.072%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	+0.041%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0118%	1h	97.144	+0.004%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0227% / S −0.0245%	1h	97.165	+0.026%	$126K	—	111x	as long as short