Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: HTX against RISEx−0.034%7-day average −0.069% · 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−$23as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.034%, 7d avg −0.069%

Together, before fees−0.363%−$36 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: HTX is 0.034% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.494	0	get 0.0000% / 1h	45m 24s	$2.4M	$1.7M	20x
Short	HTX BRENTOIL-USDT	97.460	0	get 0.0000% / 4h	2h 45m	$280K	$253K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.069%: $3.44
Slippage, 4 orders: −$8.41
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.97
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; HTX: 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 RISEx live order book, 3 min ago	1.13 bp	4.1 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	2.57 bp	8.6 bp −$9	9.6 bp −$96	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	96.684	−0.830%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	−0.034%	$237K	$436K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.525	+0.033%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.520	+0.027%	$147.6M	$363.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.520	+0.027%	$10.4M	$12.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.530	+0.037%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.494	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.480	−0.014%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	+0.017%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.498	+0.005%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.509	+0.016%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.540	+0.048%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.520	+0.027%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.460	−0.034%	$280K	$253K	75x
Phemex XBRUSDT	0.0000%	4h	97.540	+0.048%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.520	+0.027%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.062	+0.583%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.490	−0.004%	$224K	$229K	20x	as long as short
Vest BZ-PERP	+0.0020%	1h	101.57	+4.181%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	+0.017%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.518	+0.025%	$680K	$3.8M	10x	as long as short
BloFin BZ-USDT	+0.0040%	4h	97.540	+0.048%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.513	+0.020%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.536	+0.044%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.544	+0.052%	$1.6M	$463K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0050%	1h	97.497	+0.003%	$7K	$42K	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.460	−0.034%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.570	+0.078%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.520	+0.027%	$26K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	97.530	+0.037%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0296% / S −0.2217%	1h	97.515	+0.022%	$115K	—	111x	as long as short