Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.051%

Price spread now: Phemex against HTX+0.240%7-day average +0.269% · you sell dearer than you buy

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

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.735%+$73 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now +0.240%, 7d avg +0.269%

Together, before fees+0.854%+$85 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: Phemex is 0.029% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.269%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	95.960	0	get 0.0000% / 4h	23m 25s	$318K	$233K	75x
Short	Phemex XBRUSDT	96.190	0	get 0.0000% / 4h	23m 25s	$1.2M	$101K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → +0.269%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.9
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 8 min ago; Phemex: 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 HTX live order book, 8 min ago	3.12 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	13.51 bp	doesn't fit	doesn't fit	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	95.676	−0.296%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0113% / S +0.0312%	1h	96.085	+0.130%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.459%	$231K	$842K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.090	+0.135%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.101	+0.147%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.091	+0.136%	$145.3M	$476.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.090	+0.135%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.070	+0.115%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.064	+0.109%	$2.2M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.050	+0.094%	$9.1M	$18.9M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.090	+0.135%	$27.7M	$23.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.975	+0.015%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.990	+0.031%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.100	+0.146%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.130	+0.177%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.960	long leg	$318K	$233K	75x
Phemex XBRUSDTshort	0.0000%	4h	96.190	+0.240%	$1.2M	$101K	100x
edgeX BZUSDC	+0.0004%	4h	95.988	+0.030%	$220K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.835	+0.912%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.097	+0.143%	$81K	$265K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.000	+0.042%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.060	+0.104%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.132	+0.179%	$672K	$5.2M	10x	as long as short
BloFin BZ-USDT	+0.0039%	4h	95.960	0.000%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.377%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.056	+0.100%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.131	+0.178%	$149.6M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.125	+0.172%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0058%	1h	96.091	+0.136%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0076%	4h	96.060	+0.104%	$3.7M	$967K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	+0.052%	$25K	$271K	50x	as long as short