Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.063%

Price spread now: Injective against HTX+0.451%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 Injective

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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.451% dearer against HTX than usual: you sell high and buy low: +$45 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	94.410	0	get 0.0000% / 4h	10m 38s	$254K	$337K	75x
Short	Injective BRENT/USDC PERP	94.836	0.0033	get 0.0004% / 1h	10m 38s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.451%Rate

Funding earned: $7
Price spread: +0.451% → 0.000%: $45.12
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $40.1
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 30 min ago; Injective: 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, 30 min ago	0.53 bp	12.7 bp −$13	24.0 bp −$240	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	−0.127%	$32K	—	20x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.314	−0.102%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.330	−0.085%	$109K	$281K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0174%	1h	94.310	−0.106%	$29K	$373K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.320	−0.095%	$248K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0046%	8h	94.290	−0.127%	$10.4M	$18.8M	100x	as long as short
Aster BZUSDT	0.0000%	4h	94.328	−0.087%	$325K	$684K	50x	as long as short
Binance BZUSDT	0.0000%	4h	94.300	−0.117%	$145.4M	$485.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.290	−0.127%	$15.7M	$30.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.260	−0.159%	$8.8M	$14.4M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	94.340	−0.074%	$27.5M	$31.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.339	−0.075%	$8.9M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	94.490	+0.085%	$11K	$316K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.400	−0.011%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	94.410	long leg	$254K	$337K	75x
Phemex XBRUSDT	0.0000%	4h	94.890	+0.508%	$1.2M	$101K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	94.350	−0.064%	$1.5M	$126K	50x	as long as short
edgeX BZUSDC	+0.0008%	4h	94.431	+0.022%	$217K	$230K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	98.100	+3.908%	—	$736K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.844	+0.459%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.300	−0.117%	$3.5M	$5.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.336	−0.078%	$758K	$4.1M	10x	as long as short
Injective BRENT/USDC PERPshort	+0.0033%	1h	94.836	+0.451%	$8K	$7K	30x
Aftermath Perps BRENTUSD	+0.0034%	1h	94.477	+0.070%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	94.294	−0.122%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.296	−0.121%	$142.9M	$191.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.356	−0.057%	$1.5M	$570K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.290	−0.127%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0076%	4h	94.250	−0.169%	$3.3M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.540	+0.138%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0174% / S −0.0560%	1h	94.355	−0.058%	$27K	—	111x	as long as short