Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against tradeXYZ−0.132%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.132%, 7d avg −0.116%

Together, before fees−0.118%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.268	0.0050	pay 0.0006% / 1h	32m 38s	$155.2M	$114.8M	20x
Short	HTX BRENTOIL-USDT	97.140	0	get 0.0000% / 4h	32m 38s	$279K	$254K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$10.5
Price spread: −0.132% → −0.116%: −$1.57
Slippage, 4 orders: −$7.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.81
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; HTX: live order book, 4 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 tradeXYZ live order book, 7 min ago	0.05 bp	9.5 bp −$10	10.7 bp −$107	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	3.08 bp	9.1 bp −$9	10.5 bp −$105	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	96.605	−0.682%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.111%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	+0.012%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.277	+0.010%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.243	−0.026%	$149.2M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	−0.060%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.220	−0.049%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.181	−0.090%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	−0.101%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	−0.049%	$27.8M	$18.3M	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	97.286	+0.019%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	−0.051%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.012%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	+0.012%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.140	−0.132%	$279K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.570	+0.310%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+4.186%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	+0.045%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.571%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	−0.019%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0023%	1h	97.150	−0.121%	$3.1M	$994K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.230	−0.039%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.206	−0.064%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.202	−0.068%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.268	long leg	$155.2M	$114.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.043%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	+0.041%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	−0.008%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.160	−0.111%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	+0.022%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	+0.007%	$115K	—	111x	as long as short