Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1600%/8h= +175.2% APRpaid last 24h +0.014%

Price spread now: Bitget against Hotstuff−0.064%46s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.064% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$48 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	93.830	−0.1600	get 0.0200% / 1h	5m 45s	$32K	—	20x
Short	Bitget BZUSDT	93.770	0	get 0.0000% / 4h	1h 05m	$27.2M	$30.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hotstuff. 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 HotstuffbpFee BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $336
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $312.61
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 1 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.53 bp	7.4 bp −$7	9.6 bp −$96	23.4 bp −$2,337	43.9 bp −$21.9K

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 exchanges

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
Hotstuff BRENTOIL-PERPlong	−0.1600%	1h	93.830	long leg	$32K	—	20x
Kraken Futures PF_BRENTOILUSD	−0.0344%	1h	93.713	−0.125%	$105K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.720	−0.117%	$2.2M	$2.6M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+1.072%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0177%	1h	93.710	−0.128%	$29K	$389K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	+0.341%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−0.064%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0049%	8h	93.760	−0.075%	$10.6M	$16.9M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	+0.244%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0017%	4h	93.773	−0.060%	$144.0M	$466.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	+0.159%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.780	−0.053%	$321K	$636K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.750	−0.085%	$15.7M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.720	−0.117%	$8.7M	$13.4M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	93.770	−0.064%	$27.2M	$30.3M	100x
Variational Omni BZ	0.0000%	4h	94.191	+0.385%	$8.9M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.780	−0.053%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.700	−0.139%	$240K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.080	+0.266%	$1.2M	$91K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.238	+0.435%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0013%	1h	93.967	+0.146%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	97.360	+3.762%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.720	−0.117%	$3.4M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.748	−0.087%	$751K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.765	−0.069%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.780	−0.053%	$137.8M	$183.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.740	−0.096%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.720	−0.117%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.730	−0.107%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.910	+0.085%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	93.705	−0.133%	$22K	—	111x	as long as short