Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.004%

Price spread now: Hotstuff against OKX+0.031%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hotstuff is 0.031% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	96.510	0	get 0.0000% / 4h	3h 24m	$15.9M	$25.3M	50x
Short	Hotstuff BRENTOIL-PERP	96.540	0.0024	get 0.0003% / 1h	24m 09s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.031%Rate

Funding earned: $5.04
Price spread: +0.031% → 0.000%: $3.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$6.85
Costs to cover: 0.150%
Break-even: 16.5 days

Slippage unknown: OKX: live order book, 4 min ago; Hotstuff: no order-book sample. 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 OKX live order book, 4 min ago	0.52 bp	6.4 bp −$6	9.5 bp −$95	24.2 bp −$2,424	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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	95.669	−0.871%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.456%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.525	+0.016%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0051%	4h	96.540	+0.031%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.538	+0.029%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.532	+0.023%	$145.7M	$422.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.520	+0.010%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.510	long leg	$15.9M	$25.3M	50x
RISEx BZ/USDC	0.0000%	1h	96.512	+0.002%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.480	−0.031%	$9.2M	$14.3M	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	96.530	+0.021%	$27.6M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.459	−0.053%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.466	−0.045%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.540	+0.031%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.540	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.021%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.520	+0.010%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.458	−0.054%	$221K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.056	+0.566%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.549	+0.040%	$83K	$235K	20x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0024%	1h	96.540	+0.031%	$33K	—	20x
Lighter BRENTOIL	+0.0032%	1h	96.530	+0.021%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.532	+0.023%	$746K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	96.460	−0.052%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.518	+0.008%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.59	+4.228%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.555	+0.047%	$151.5M	$139.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.564	+0.056%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.550	+0.041%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.010%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0411%	1h	96.516	+0.006%	$7K	$45K	5x	as long as short