Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: HTX against Extended−0.024%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.024%, 7d avg −0.051%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.026% dearer against Extended than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.051%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.026% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.773	0.0032	pay 0.0004% / 1h	37m 36s	$674K	$5.2M	10x
Short	HTX BRENTOIL-USDT	96.750	0	get 0.0000% / 4h	2h 37m	$277K	$269K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$6.72
Price spread: −0.024% → −0.051%: $2.64
Slippage, 4 orders: −$9.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.18
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; HTX: live order book, 29 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 Extended live order book, 1 min ago	1.60 bp	4.8 bp −$5	14.7 bp −$147	doesn't fit	doesn't fit
Sell HTX live order book, 29 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	95.962	−0.839%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.128%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.014%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.807	+0.035%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.790	+0.017%	$146.2M	$387.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.780	+0.007%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.770	−0.004%	$15.9M	$22.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.782	+0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.750	−0.024%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.780	+0.007%	$27.6M	$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	96.790	+0.017%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.036%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.820	+0.048%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.840	+0.069%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.750	−0.024%	$277K	$269K	75x
Phemex XBRUSDT	0.0000%	4h	96.810	+0.038%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.342	+0.587%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.740	−0.035%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.800	+0.027%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	96.773	long leg	$674K	$5.2M	10x
Vest BZ-PERP	+0.0046%	1h	100.81	+4.171%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.791	+0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.817	+0.045%	$151.6M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.840	+0.069%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.770	−0.004%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	96.810	+0.038%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.860	+0.089%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.035%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0102%	1h	96.825	+0.053%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.821	+0.049%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0273%	1h	96.810	+0.037%	$7K	$44K	5x	as long as short