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% APRpaid last 24h −0.010%

Price spread now: Gate against HTX+0.010%50s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.451% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now +0.010%, 7d avg −0.015%

Together, before fees−0.193%−$19 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: Gate is 0.025% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	95.870	0	get 0.0000% / 4h	1h 35m	$305K	$259K	75x
Short	Gate BZ_USDT	95.880	0	get 0.0000% / 8h	1h 35m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.015%: $2.55
Slippage, 4 orders: −$18.11
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.56
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from HTX: live order book, 47 min ago; Gate: live order book, 3 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, 47 min ago	2.61 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.04 bp	12.8 bp −$13	21.0 bp −$210	31.2 bp −$3,123	43.0 bp −$21.5K

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
Ondo Perps BRENT-USD.P	−0.0346%	1h	95.840	−0.031%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.818%	$8K	$7K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0132% / S +0.0453%	1h	95.925	+0.057%	$33K	—	29x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.909	+0.040%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	95.950	+0.083%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.188%	$232K	$661K	15x	as long as short
Paradex BZ-USD-PERP	−0.0001%	8h	95.926	+0.058%	$3K	$521	5x	as long as short
Aster BZUSDT	0.0000%	4h	95.914	+0.046%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.930	+0.063%	$145.5M	$480.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.910	+0.042%	$10.2M	$16.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	+0.052%	$15.8M	$27.5M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.880	+0.010%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	95.920	+0.052%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.904	+0.035%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.930	+0.063%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	+0.073%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.950	+0.083%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.870	long leg	$305K	$259K	75x
Phemex XBRUSDT	0.0000%	4h	95.910	+0.042%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0004%	1h	95.943	+0.076%	$5K	$45K	5x	as long as short
BloFin BZ-USDT	+0.0014%	4h	95.890	+0.021%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0015%	4h	95.909	+0.041%	$219K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.930	+0.063%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.896	+0.027%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.670	+3.964%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.952	+0.086%	$147.5M	$146.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.976	+0.111%	$1.5M	$526K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.930	+0.063%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.910	+0.042%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.949	+0.082%	$81K	$240K	20x	as long as short