Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Bybit against HTX+0.021%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$300.303% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now +0.021%, 7d avg +0.042%

Together, before fees−0.167%−$17 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: Bybit is 0.021% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	95.790	0	get 0.0000% / 4h	1h 45m	$305K	$259K	75x
Short	Bybit BZUSDT	95.810	0	get 0.0000% / 8h	1h 45m	$10.2M	$16.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.042%: −$2.06
Slippage, 4 orders: −$7.28
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.35
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from HTX: live order book, 36 min ago; Bybit: live order book, 2 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 HTX live order book, 36 min ago	2.61 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.52 bp	6.0 bp −$6	10.1 bp −$101	106.3 bp −$10.6K	doesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0762% / S +0.0137%	1h	95.835	+0.047%	$114K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0575%	1h	95.790	0.000%	$3.0M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0352%	1h	95.810	+0.021%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.566%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0128%	1h	95.830	+0.042%	$3.3M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0098%	1h	95.816	+0.027%	$147.4M	$146.9M	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.825	+0.036%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	−0.031%	$34K	$396K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.271%	$232K	$676K	15x	as long as short
Paradex BZ-USD-PERP	−0.0015%	8h	95.833	+0.044%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	95.848	+0.061%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.820	+0.031%	$145.3M	$482.1M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	95.810	+0.021%	$10.2M	$16.7M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	95.810	+0.021%	$15.8M	$27.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.790	0.000%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.830	+0.042%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	−0.055%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.840	+0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.880	+0.094%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.790	long leg	$305K	$259K	75x
Phemex XBRUSDT	0.0000%	4h	95.890	+0.104%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	−0.057%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0011%	1h	95.811	+0.022%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.897	+0.112%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.03	+4.426%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.872	+0.086%	$1.5M	$529K	20x	as long as short
BloFin BZ-USDT	+0.0054%	4h	95.840	+0.052%	$1.5M	$95K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.830	+0.042%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.830	+0.042%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.851	+0.064%	$81K	$244K	20x	as long as short