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% APRpaid last 24h 0.000%

Price spread now: HTX against Bybit−0.021%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.021%, 7d avg −0.044%

Together, before fees−0.078%−$8 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 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.010	0	get 0.0000% / 8h	4h 08m	$10.4M	$12.9M	100x
Short	HTX BRENTOIL-USDT	96.990	0	get 0.0000% / 4h	8m 32s	$278K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.044%: $2.31
Slippage, 4 orders: −$11.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.46
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; HTX: live order book, 48 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 Bybit live order book, 5 min ago	0.51 bp	9.0 bp −$9	12.0 bp −$120	96.8 bp −$9,676	doesn't fit
Sell HTX live order book, 48 min ago	1.54 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	96.433	−0.595%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.237%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0015%	4h	97.010	0.000%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.037	+0.028%	$337K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.003	−0.008%	$146.9M	$369.6M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.010	long leg	$10.4M	$12.9M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.010%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.000	−0.010%	$2.2M	$1.5M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.960	−0.052%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.000	−0.010%	$27.7M	$16.5M	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	97.017	+0.007%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.034	+0.025%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.040	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	+0.010%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.990	−0.021%	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.290	+0.289%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.016	+0.006%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.544	+0.551%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.06	+4.175%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	0.000%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.013	+0.003%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.003	−0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.041	+0.032%	$153.1M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.060	+0.052%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.960	−0.052%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.050	+0.041%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.050	+0.041%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	97.060	+0.052%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0124%	1h	97.080	+0.072%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.049	+0.040%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0215% / S −0.0165%	1h	96.995	−0.015%	$126K	—	111x	as long as short