Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.013%

Price spread now: Hotstuff against BloFin+0.072%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 +$1 a day on $10k at the current rate, and Hotstuff is 0.072% dearer against BloFin than usual: you sell high and buy low: +$7 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	BloFin BZ-USDT	97.350	−0.0033	get 0.0017% / 4h	3h 37m	$1.5M	$100K	50x
Short	Hotstuff BRENTOIL-PERP	97.420	0.0008	get 0.0001% / 1h	37m 13s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now +0.072%Rate

Funding earned: $8.7
Price spread: +0.072% → 0.000%: $7.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.11
Costs to cover: 0.170%
Break-even: 7.9 days

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	1.03 bp	7.0 bp −$7	10.9 bp −$109	22.7 bp −$2,267	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0263%	1h	97.360	+0.010%	$100K	$261K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.035%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0073%	1h	97.350	0.000%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.134%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.353	+0.003%	$2.4M	$1.8M	20x	as long as short
BloFin BZ-USDTlong	−0.0033%	4h	97.350	long leg	$1.5M	$100K	50x
Bybit BZUSDT	−0.0018%	8h	97.380	+0.031%	$10.3M	$13.3M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.369	+0.019%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.358	+0.008%	$338K	$761K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.370	+0.021%	$148.8M	$354.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.350	0.000%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.320	−0.031%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.370	+0.021%	$28.1M	$18.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.409	+0.061%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	+0.004%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.370	+0.021%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.400	+0.051%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.380	+0.031%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0008%	1h	97.420	+0.072%	$34K	—	20x
Vest BZ-PERP	+0.0009%	1h	101.35	+4.109%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.927	+0.593%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.354	+0.004%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	0.000%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.404	+0.055%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	97.347	−0.003%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.398	+0.049%	$155.6M	$115.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.405	+0.056%	$1.6M	$345K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0071%	1h	97.412	+0.064%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.330	−0.021%	$3.8M	$796K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.062%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.355	+0.005%	$116K	—	111x	as long as short