Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.006%

Price spread now: Gate against Hotstuff−0.062%7-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 Gate

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.062% cheaper against Hotstuff than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	97.530	0.0056	pay 0.0007% / 1h	9m 29s	$34K	—	20x
Short	Gate BZ_USDT	97.470	0	get 0.0000% / 8h	1h 09m	$9.3M	$11.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: −$11.76
Price spread: −0.062% → 0.000%: −$6.15
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.51 bp	12.3 bp −$12	18.8 bp −$188	30.5 bp −$3,053	43.7 bp −$21.8K

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.970	−0.574%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.174%	$237K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.492	−0.039%	$339K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	−0.031%	$148.3M	$352.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.470	−0.062%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	−0.031%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.483	−0.048%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	97.470	−0.062%	$9.3M	$11.3M	100x
Bitget BZUSDT	0.0000%	4h	97.510	−0.021%	$27.8M	$17.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.467	−0.065%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.511	−0.020%	$30K	$316K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.530	0.000%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	−0.031%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.510	−0.021%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.010%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.68	+4.255%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.520	−0.010%	$225K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.063	+0.547%	—	—	—	as long as short
BloFin BZ-USDT	+0.0025%	4h	97.500	−0.031%	$1.5M	$96K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	−0.021%	$3.2M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.513	−0.018%	$682K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.512	−0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.530	0.000%	$155.1M	$115.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.571	+0.042%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.470	−0.062%	$3.1M	$1.0M	15x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0056%	1h	97.530	long leg	$34K	—	20x
KuCoin BZUSDTM	+0.0100%	4h	97.480	−0.051%	$3.8M	$812K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.490	−0.041%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.584	+0.056%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.517	−0.014%	$82K	$205K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.525	−0.005%	$116K	—	111x	as long as short