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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: OKX against HTX+0.063%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.063%, 7d avg +0.034%

Together, before fees+0.022%+$2 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: OKX is 0.029% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	95.960	0	get 0.0000% / 4h	1h 18m	$305K	$259K	75x
Short	OKX BZ-USDT-SWAP	96.020	0	get 0.0000% / 4h	1h 18m	$15.8M	$27.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.034%: $2.87
Slippage, 4 orders: −$9.17
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.31
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from HTX: live order book, 64 min ago; OKX: live order book, 1 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, 64 min ago	2.61 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.52 bp	7.0 bp −$7	11.3 bp −$113	30.9 bp −$3,094	doesn't fit

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.035	+0.078%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.911%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0081%	1h	96.020	+0.063%	$3.0M	$1.1M	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.040	+0.083%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.094%	$232K	$638K	15x	as long as short
BloFin BZ-USDT	−0.0010%	4h	96.030	+0.073%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.048	+0.092%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.040	+0.083%	$145.7M	$477.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.040	+0.083%	$10.3M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.020	+0.063%	$15.8M	$27.3M	50x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.000	+0.042%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.030	+0.073%	$27.4M	$21.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	+0.003%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.965	+0.005%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.060	+0.104%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.060	+0.104%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.960	long leg	$305K	$259K	75x
Phemex XBRUSDT	0.0000%	4h	96.040	+0.083%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	95.954	−0.006%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0005%	1h	96.046	+0.090%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0016%	8h	96.047	+0.091%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.010	+0.052%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.928	−0.034%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.262%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.081	+0.126%	$147.8M	$146.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.093	+0.139%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	+0.115%	$3.8M	$998K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.030	+0.073%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0216%	1h	96.090	+0.135%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.067	+0.111%	$81K	$235K	20x	as long as short