Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0302%/8h= −33.0% APRpaid last 24h −0.006%

Price spread now: RISEx against HTX−0.407%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.224%+$22 on $10k

Price spread, last 4 days (all we have)+0.625%+$62 · spread now −0.407%, 7d avg +0.068%

Together, before fees+0.849%+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and RISEx is 0.476% cheaper against HTX than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.068%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.224%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	94.160	0	get 0.0000% / 4h	1h 07m	$241K	$312K	75x
Short	RISEx BZ/USDC	93.777	−0.0302	pay 0.0038% / 1h	7m 14s	$2.2M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.407%Rate

Funding earned: −$63.32
Price spread: −0.407% → +0.068%: −$47.55
Slippage, 4 orders: −$7.11
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$135.98
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; RISEx: live order book, 5 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, 38 min ago	3.18 bp	9.2 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.37 bp	3.4 bp −$3	4.9 bp −$49	doesn't fit	doesn't fit

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	93.830	−0.350%	$32K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.736	−0.451%	$105K	$274K	20x	as long as short
RISEx BZ/USDCshort	−0.0302%	1h	93.777	−0.407%	$2.2M	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0283%	1h	93.730	−0.457%	$29K	$388K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.718%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.011%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−0.414%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0050%	8h	93.760	−0.425%	$10.6M	$16.8M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	−0.107%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0016%	4h	93.787	−0.396%	$144.0M	$465.9M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	−0.192%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.830	−0.350%	$322K	$639K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.760	−0.425%	$15.6M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.730	−0.457%	$8.7M	$13.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.770	−0.414%	$27.2M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.191	+0.033%	$8.9M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.780	−0.404%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	94.160	long leg	$241K	$312K	75x
Phemex XBRUSDT	0.0000%	4h	94.120	−0.042%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	93.991	−0.180%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.358	+0.210%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.440	+3.483%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.800	−0.382%	$3.4M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.769	−0.415%	$750K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.800	−0.382%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.810	−0.372%	$137.8M	$183.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.792	−0.391%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.830	−0.350%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.830	−0.350%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.910	−0.266%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.065	−0.101%	$22K	—	111x	as long as short