Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Deribit against HTX+0.031%58s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.282% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.326%−$33 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.031%, 7d avg +0.049%

Together, before fees−0.306%−$31 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.010	0	get 0.0000% / 4h	12m 19s	$278K	$268K	75x
Short	Deribit BRENTOIL_USDC-PERPETUAL	97.040	0	get 0.0000% / 1h	12m 19s	$104K	$234K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.049%: −$1.81
Slippage, 4 orders: −$9.17
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.99
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from HTX: live order book, 45 min ago; Deribit: live order book, 46 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, 45 min ago	1.54 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Deribit live order book, 46 min ago	0.51 bp	4.0 bp −$4	5.6 bp −$56	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	96.433	−0.595%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.237%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0029%	4h	97.030	+0.021%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.083	+0.075%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.040	+0.031%	$147.0M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	+0.010%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.030	+0.021%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.034	+0.025%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.000	−0.010%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	+0.010%	$27.7M	$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	97.168	+0.163%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.134%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.030	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	97.040	+0.031%	$104K	$234K	15x
HTX BRENTOIL-USDTlong	0.0000%	4h	97.010	long leg	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.260	+0.258%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.131%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.591	+0.599%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.080	+0.072%	$33K	—	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.195%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.050	+0.041%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.035	+0.026%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.041	+0.032%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.069	+0.061%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.075	+0.067%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	+0.072%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.165%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0127%	1h	97.136	+0.130%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.031	+0.021%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0144%	1h	97.035	+0.026%	$126K	—	111x	as long as short