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 +0.002%

Price spread now: HTX against RISEx−0.039%7-day average −0.069% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now −0.039%, 7d avg −0.069%

Together, before fees−0.448%−$45 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: HTX is 0.030% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.208	0	get 0.0000% / 1h	32m 52s	$2.2M	$1.4M	20x
Short	HTX BRENTOIL-USDT	97.170	0	get 0.0000% / 4h	32m 52s	$279K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee RISExbpFee HTXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.069%: $3.01
Slippage, 4 orders: −$8.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.68
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; HTX: live order book, 24 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 RISEx live order book, 1 min ago	1.29 bp	4.3 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell HTX live order book, 24 min ago	1.54 bp	8.6 bp −$9	9.6 bp −$96	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	96.571	−0.655%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.033%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0017%	4h	97.230	+0.023%	$1.5M	$92K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.250	+0.043%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.226	+0.019%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.220	+0.012%	$147.1M	$371.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	+0.002%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.220	+0.012%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.208	long leg	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	97.170	−0.039%	$9.2M	$12.2M	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	97.220	+0.012%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.238	+0.031%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.226	+0.019%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.240	+0.033%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.230	+0.023%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.170	−0.039%	$279K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.340	+0.136%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.776	+0.585%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	97.224	+0.017%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	+0.012%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.239	+0.032%	$680K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.24	+4.148%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.209	+0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.258	+0.052%	$153.0M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.268	+0.062%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.160	−0.049%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.043%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	+0.023%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.261	+0.055%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.234	+0.027%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.215	+0.007%	$126K	—	111x	as long as short