Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: HTX against Extended−0.145%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.145%, 7d avg −0.051%

Together, before fees+0.043%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.094% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.840	0.0032	pay 0.0004% / 1h	56m 34s	$688K	$5.3M	10x
Short	HTX BRENTOIL-USDT	96.700	0	get 0.0000% / 4h	2h 56m	$308K	$222K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$6.72
Price spread: −0.145% → −0.051%: −$9.44
Slippage, 4 orders: −$5.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.99
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 10 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 Extended live order book, 2 min ago	0.05 bp	3.1 bp −$3	17.0 bp −$170	doesn't fit	doesn't fit
Sell HTX live order book, 10 min ago	2.07 bp	8.1 bp −$8	9.5 bp −$95	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	95.962	−0.907%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.197%	$234K	$421K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.860	+0.020%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.830	−0.011%	$146.0M	$398.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.810	−0.031%	$10.4M	$14.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.830	−0.011%	$15.9M	$23.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.826	−0.015%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.790	−0.052%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.830	−0.011%	$27.7M	$16.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.178%	$9.3M	$7.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.828	−0.013%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.880	+0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.850	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.700	−0.145%	$308K	$222K	75x
Phemex XBRUSDT	0.0000%	4h	96.840	0.000%	$1.2M	$88K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.362	+0.538%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.739	−0.105%	$222K	$232K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	96.840	0.000%	$1.5M	$91K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.840	0.000%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	96.840	long leg	$688K	$5.3M	10x
Vest BZ-PERP	+0.0046%	1h	100.87	+4.161%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	96.834	−0.006%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.859	+0.019%	$151.8M	$138.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.895	+0.056%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.820	−0.021%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.870	+0.031%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	+0.051%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	96.880	+0.041%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0203% / S +0.0118%	1h	96.825	−0.016%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.861	+0.021%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0315%	1h	96.781	−0.061%	$7K	$45K	5x	as long as short