Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.010%

Price spread now: Hotstuff against BloFin+0.062%99s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Hotstuff is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.090	−0.0002	get 0.0001% / 4h	39m 36s	$1.5M	$95K	50x
Short	Hotstuff BRENTOIL-PERP	96.150	−0.0360	pay 0.0045% / 1h	39m 36s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$75.1
Price spread: +0.062% → 0.000%: $6.24
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$85.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.04 bp	7.0 bp −$7	10.8 bp −$108	16.9 bp −$1,686	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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.125	+0.036%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0360%	1h	96.150	+0.062%	$33K	—	20x
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.750%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0166%	1h	96.160	+0.073%	$103K	$278K	15x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0110%	1h	96.158	+0.071%	$149.8M	$143.1M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.021%	$232K	$578K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.142	+0.055%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−0.012%	$34K	$375K	25x	as long as short
Binance BZUSDT	−0.0015%	4h	96.160	+0.073%	$145.9M	$466.7M	100x	as long as short
edgeX BZUSDC	−0.0010%	4h	96.063	−0.028%	$220K	$232K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BZ-USDTlong	−0.0002%	4h	96.090	long leg	$1.5M	$95K	50x
Aster BZUSDT	0.0000%	4h	96.120	+0.031%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.140	+0.052%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	+0.052%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.100	+0.010%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.130	+0.042%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−0.028%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.150	+0.062%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.062%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.042%	$1.2M	$96K	100x	as long as short
Paradex BZ-USD-PERP	+0.0013%	8h	96.124	+0.036%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.110	+0.021%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	96.128	+0.039%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.799%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.157	+0.070%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.100	+0.010%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	+0.010%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.150	+0.062%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.139	+0.051%	$81K	$233K	20x	as long as short
Extended XBR-USD	+0.0136%	1h	96.017	−0.076%	$671K	$5.2M	10x	as long as short