Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0496%/8h= +54.3% APRnext payment +$0.62 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against Hotstuff−0.138%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Extended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.138% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 22 hours of funding at the current rate (+$15 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BRENTOIL-PERP96.150−0.0360get 0.0045% / 1h39m 27s$33K20x
ShortExtended XBR-USD96.0170.0136get 0.0017% / 1h39m 27s$671K$5.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$104.16
Price spread: −0.138% → 0.000%
−$13.83
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$80.33
Costs to cover
0.100%
Break-even
1.6 days
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Extended live order book, 4 min ago1.67 bp4.8 bp −$518.1 bp −$181doesn't fitdoesn't fit
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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BRENTOIL/USD [ETH-USDC]L −0.0848% / S +0.0467%1h96.155+0.005%$120K111xas long as short
Hotstuff BRENTOIL-PERPlong−0.0360%1h96.150long leg$33K20x
Injective BRENT/USDC PERP−0.0220%1h95.369−0.812%$8K$7K30xas long as short
Deribit BRENTOIL_USDC-PERPETUAL−0.0166%1h96.160+0.010%$103K$278K15xas long as short
tradeXYZ xyz:BRENTOIL−0.0099%1h96.161+0.011%$149.8M$143.3M20xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0040%1h96.070−0.083%$232K$578K15xas long as short
RISEx BZ/USDC−0.0020%1h96.142−0.008%$2.2M$1.3M20xas long as short
GRVT BZ_USDT_Perp−0.0016%4h96.079−0.074%$34K$375K25xas long as short
Binance BZUSDT−0.0015%4h96.160+0.010%$145.9M$466.7M100xas long as short
edgeX BZUSDC−0.0010%4h96.063−0.091%$220K$232K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BZ-USDT−0.0002%4h96.090−0.062%$1.5M$95K50xas long as short
Aster BZUSDT0.0000%4h96.120−0.031%$334K$1.4M50xas long as short
Bybit BZUSDT0.0000%8h96.140−0.010%$10.4M$16.0M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.140−0.010%$15.9M$26.8M50xas long as short
Gate BZ_USDT0.0000%8h96.100−0.052%$9.2M$16.3M100xas long as short
Bitget BZUSDT0.0000%4h96.140−0.010%$27.4M$20.9M100xas long as short
Variational Omni BZ0.0000%4h96.063−0.090%$9.3M$7.9Mas long as short
SunX BRENTOIL-USDT0.0000%4h96.1500.000%$4K$2.7M20xas long as short
HTX BRENTOIL-USDT0.0000%4h96.030−0.125%$306K$249K75xas long as short
Phemex XBRUSDT0.0000%4h96.130−0.021%$1.2M$96K100xas long as short
Paradex BZ-USD-PERP+0.0013%8h96.124−0.027%$3K$5215xas long as short
Lighter BRENTOIL+0.0032%1h96.110−0.042%$3.3M$4.3M20xas long as short
Aftermath Perps BRENTUSD+0.0035%1h96.146−0.005%$6K$45K5xas long as short
Vest BZ-PERP+0.0046%1h99.750+3.744%$735K10xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.159+0.009%$1.5M$529K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.100−0.052%$3.0M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h96.100−0.052%$3.8M$989K50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.1500.000%$25K$271K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0113%1h96.139−0.011%$81K$233K20xas long as short
Extended XBR-USDshort+0.0136%1h96.017−0.138%$671K$5.2M10x