Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.005%

Price spread now: Hotstuff against HTX+0.052%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hotstuff is 0.052% dearer against HTX than usual: you sell high and buy low: +$5 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	97.080	0	get 0.0000% / 4h	3h 58m	$278K	$268K	75x
Short	Hotstuff BRENTOIL-PERP	97.130	0.0048	get 0.0006% / 1h	58m 00s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.052%Rate

Funding earned: $10.08
Price spread: +0.052% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.77
Costs to cover: 0.170%
Break-even: 8.2 days

Slippage unknown: HTX: live order book, 59 min ago; Hotstuff: 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, 59 min ago	1.54 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	96.433	−0.666%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.031%	$233K	$438K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.154	+0.076%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.161	+0.083%	$147.1M	$369.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.130	+0.052%	$10.4M	$12.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.140	+0.062%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.098	+0.019%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	+0.031%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.150	+0.072%	$27.8M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.028	−0.054%	$9.4M	$6.8M	—	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	97.050	−0.031%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.130	+0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.160	+0.082%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.080	long leg	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.190	+0.113%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	97.110	+0.031%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.697	+0.635%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.030	−0.051%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.15	+4.192%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.160	+0.082%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.162	+0.085%	$679K	$4.2M	10x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0048%	1h	97.130	+0.052%	$33K	—	20x
Paradex BZ-USD-PERP	+0.0050%	8h	97.093	+0.014%	$3K	$336	5x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.163	+0.085%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.060	−0.021%	$3.1M	$1.1M	15x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0053%	1h	97.173	+0.096%	$153.3M	$126.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.137	+0.059%	$84K	$206K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.180	+0.103%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.040	−0.041%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.081	+0.001%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0223% / S −0.0223%	1h	97.135	+0.057%	$126K	—	111x	as long as short