Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against HTX+0.607%7-day average — · you sell dearer than you buy

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

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.607% dearer against HTX than usual: you sell high and buy low: +$61 more if the spread 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	HTX BRENTOIL-USDT	96.970	0	get 0.0000% / 4h	1h 09m	$278K	$268K	75x
Short	gTrade (Gains Network) BRENT/USD	97.559	L +0.0011% / S −0.0011%	get 0.0001% / 1h	9m 48s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.607%Rate

Funding earned: $2.34
Price spread: +0.607% → 0.000%: $60.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $41.06
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 52 min ago; gTrade (Gains Network): no order-book sample. 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 HTX live order book, 52 min ago	3.10 bp	9.1 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	96.141	−0.855%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	+0.021%	$234K	$433K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.000	+0.031%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.987	+0.017%	$146.6M	$372.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.980	+0.010%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.980	+0.010%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.001	+0.032%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.021%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.980	+0.010%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.976	+0.006%	$9.4M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.018	+0.050%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.030	+0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.010	+0.041%	$104K	$247K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	96.970	long leg	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.000	+0.031%	$1.2M	$86K	100x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.559	+0.607%	—	—	—
edgeX BZUSDC	+0.0012%	4h	96.993	+0.024%	$222K	$226K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.020	+0.052%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.010	+0.041%	$675K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0040%	1h	101.09	+4.249%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.012	+0.043%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.996	+0.027%	$151.9M	$124.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.074	+0.107%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.950	−0.021%	$3.1M	$1.1M	15x	as long as short
BloFin BZ-USDT	+0.0053%	4h	97.010	+0.041%	$1.5M	$91K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.020	+0.052%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.062%	$3.8M	$873K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.010	+0.041%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0133%	1h	96.998	+0.028%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S +0.0028%	1h	97.005	+0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.027	+0.059%	$84K	$218K	20x	as long as short