Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0441%/8h= +48.3% APRnext payment +$0.55 per $10,000 · paid last 24h +0.010%
Price spread now: Hotstuff against RISEx+0.070%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$13 a day on $10k at the current rate, and Hotstuff is 0.070% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BZ/USDC95.124−0.0289get 0.0036% / 1h11m 23s$2.3M$1.9M20x
ShortHotstuff BRENTOIL-PERP95.1900.0152get 0.0019% / 1h11m 23s$33K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against RISEx. 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

Funding earned
$92.65
Price spread: +0.070% → 0.000%
$6.95
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$88.6
Costs to cover
0.110%
Break-even
0.3 days
Slippage unknown: RISEx: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 1 min ago0.47 bp3.5 bp −$35.5 bp −$55doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BRENTOIL_USDC-PERPETUAL−0.0485%1h95.140+0.017%$61K$308K15xas long as short
Kraken Futures PF_BRENTOILUSD−0.0339%1h95.221+0.102%$94K$246K20xas long as short
RISEx BZ/USDClong−0.0289%1h95.124long leg$2.3M$1.9M20x
Coinbase International BRENTOIL-PERP-INTX−0.0080%1h95.420+0.311%$270K$647K15xas long as short
GRVT BZ_USDT_Perp−0.0044%4h95.382+0.272%$14K$312K25xas long as short
Bybit BZUSDT−0.0013%8h95.210+0.091%$10.1M$15.5M100xas long as short
Aster BZUSDT0.0000%4h95.274+0.157%$329K$700K50xas long as short
Binance BZUSDT0.0000%4h95.220+0.101%$146.6M$420.6M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h95.200+0.080%$16.2M$24.9M50xas long as short
Gate BZ_USDT0.0000%8h95.180+0.059%$9.1M$12.6M100xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h95.200+0.080%$27.9M$25.9M100xas long as short
Variational Omni BZ0.0000%4h95.295+0.179%$9.2M$6.5Mas long as short
SunX BRENTOIL-USDT0.0000%4h95.340+0.227%$4K$1.8M20xas long as short
HTX BRENTOIL-USDT0.0000%4h95.380+0.269%$273K$260K75xas long as short
Phemex XBRUSDT0.0000%4h95.250+0.133%$1.2M$81K100xas long as short
edgeX BZUSDC+0.0003%4h95.311+0.197%$219K$232K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h95.736+0.644%as long as short
Ondo Perps BRENT-USD.P+0.0012%1h95.110−0.015%$3.1M$1.1M15xas long as short
Vest BZ-PERP+0.0019%1h98.840+3.907%$735K10xas long as short
Lighter BRENTOIL+0.0032%1h95.180+0.059%$3.5M$5.5M20xas long as short
Extended XBR-USD+0.0032%1h95.194+0.074%$677K$3.3M10xas long as short
Injective BRENT/USDC PERP+0.0033%1h94.836−0.303%$8K$7K30xas long as short
Aftermath Perps BRENTUSD+0.0037%1h95.381+0.270%$7K$38K5xas long as short
Paradex BZ-USD-PERP+0.0041%8h95.136+0.013%$1K$2K5xas long as short
BloFin BZ-USDT+0.0043%4h95.430+0.322%$1.6M$109K50xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h95.230+0.112%$145.8M$141.3M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h95.105−0.020%$1.6M$391K20xas long as short
KuCoin BZUSDTM+0.0100%4h95.240+0.122%$3.4M$1.1M50xas long as short
ApeX Omni BZUSDT+0.0100%1h95.300+0.185%$25K$274K50xas long as short
Hotstuff BRENTOIL-PERPshort+0.0152%1h95.190+0.070%$33K20x
GMX BRENTOIL/USD [ETH-USDC]L +0.0184% / S −0.0707%1h95.225+0.106%$33K111xas long as short