Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.006%

Price spread now: Hotstuff against OKX+0.020%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX 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 +$2 a day on $10k at the current rate, and Hotstuff is 0.020% dearer against OKX than usual: you sell high and buy low: +$2 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	OKX BZ-USDT-SWAP	97.790	0	get 0.0000% / 4h	1h 32m	$16.1M	$19.7M	50x
Short	Hotstuff BRENTOIL-PERP	97.810	0.0056	get 0.0007% / 1h	32m 14s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.020%Rate

Funding earned: $11.76
Price spread: +0.020% → 0.000%: $2.05
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.19
Costs to cover: 0.150%
Break-even: 7.7 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.51 bp	6.9 bp −$7	10.2 bp −$102	29.8 bp −$2,979	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	97.018	−0.789%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	+0.020%	$236K	$417K	15x	as long as short
BloFin BZ-USDT	−0.0018%	4h	97.810	+0.020%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.789	−0.001%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.790	0.000%	$147.8M	$349.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.770	−0.020%	$10.5M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.790	long leg	$16.1M	$19.7M	50x
RISEx BZ/USDC	0.0000%	1h	97.756	−0.035%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.730	−0.061%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.780	−0.010%	$28.0M	$17.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.798	+0.008%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.864	+0.076%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.780	−0.010%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.750	−0.041%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	0.000%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.92	+4.223%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.338	+0.560%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.857	+0.069%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.770	−0.020%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.779	−0.012%	$682K	$3.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.803	+0.013%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.780	−0.010%	$155.1M	$116.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.813	+0.024%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.041%	$3.1M	$994K	15x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0056%	1h	97.810	+0.020%	$34K	—	20x
Aftermath Perps BRENTUSD	+0.0081%	1h	97.817	+0.027%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.790	0.000%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.860	+0.072%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.773	−0.017%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.775	−0.015%	$116K	—	111x	as long as short