Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against OKX−0.041%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.041%, 7d avg −0.034%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	96.700	0	get 0.0000% / 4h	3h 02m	$15.9M	$24.1M	50x
Short	HTX BRENTOIL-USDT	96.660	0	get 0.0000% / 4h	3h 02m	$308K	$222K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.034%: −$0.69
Slippage, 4 orders: −$6.94
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.62
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; HTX: 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 OKX live order book, 1 min ago	0.52 bp	5.8 bp −$6	9.5 bp −$95	26.1 bp −$2,608	doesn't fit
Sell HTX live order book, 5 min ago	2.07 bp	8.1 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit

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	95.731	−1.002%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.052%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0031%	4h	96.690	−0.010%	$1.5M	$91K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	96.740	+0.041%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.726	+0.027%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.720	+0.021%	$145.8M	$403.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	−0.010%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.700	long leg	$15.9M	$24.1M	50x
RISEx BZ/USDC	0.0000%	1h	96.719	+0.020%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.670	−0.031%	$9.2M	$14.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.710	+0.010%	$27.6M	$17.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	−0.013%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.025%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.740	+0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.730	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.660	−0.041%	$308K	$222K	75x
Phemex XBRUSDT	0.0000%	4h	96.720	+0.021%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.251	+0.570%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.613	−0.090%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.746	+0.048%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.720	+0.021%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.718	+0.018%	$720K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.77	+4.209%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+0.009%	$3K	$521	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0046%	1h	96.660	−0.041%	$3.1M	$1.1M	15x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.708	+0.008%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.755	+0.057%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.770	+0.072%	$3.8M	$926K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.700	0.000%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S +0.0123%	1h	96.725	+0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0331%	1h	96.699	−0.001%	$7K	$44K	5x	as long as short