Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.026%

Price spread now: KuCoin against Hotstuff+0.062%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 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	Hotstuff BRENTOIL-PERP	96.590	0.0040	pay 0.0005% / 1h	22m 23s	$33K	—	20x
Short	KuCoin BZUSDTM	96.650	0.0100	get 0.0050% / 4h	3h 22m	$3.8M	$983K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hotstuff. 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 HotstuffbpFee KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $12.6
Price spread: +0.062% → 0.000%: $6.21
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.81
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	0.52 bp	11.7 bp −$12	38.2 bp −$382	doesn't fit	doesn't fit

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	−0.954%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.538%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.565	−0.026%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.617	+0.028%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.650	+0.062%	$145.8M	$421.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.630	+0.041%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.620	+0.031%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.602	+0.012%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.610	+0.021%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.660	+0.072%	$27.7M	$19.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.459	−0.136%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	−0.090%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.560	−0.031%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.590	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.104%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.570	−0.021%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.183	+0.614%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.500	−0.093%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.499	−0.095%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.576	−0.014%	$83K	$235K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.580	−0.010%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.611	+0.022%	$746K	$5.4M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.540	−0.052%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0040%	1h	96.590	long leg	$33K	—	20x
Paradex BZ-USD-PERP	+0.0044%	8h	96.568	−0.023%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.69	+4.245%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.661	+0.074%	$151.6M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.685	+0.098%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.650	+0.062%	$3.8M	$983K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.093%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0399%	1h	96.524	−0.068%	$7K	$45K	5x	as long as short