Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against HTX+0.022%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.022%, 7d avg +0.072%

Together, before fees+0.126%+$13 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: Binance is 0.050% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.450	0	get 0.0000% / 4h	2h 50m	$280K	$253K	75x
Short	Binance BZUSDT	97.472	0	get 0.0000% / 4h	2h 50m	$147.5M	$364.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.072%: −$4.97
Slippage, 4 orders: −$54.54
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.51
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Binance: live order book, 9 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 HTX live order book, 62 min ago	1.54 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.51 bp	5.5 bp −$6	5.6 bp −$56	11.9 bp −$1,186	35.1 bp −$17.6K

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	96.684	−0.786%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	+0.010%	$237K	$443K	15x	as long as short
BloFin BZ-USDT	−0.0030%	4h	97.510	+0.062%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.466	+0.017%	$339K	$930K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.472	+0.022%	$147.5M	$364.7M	100x
Bybit BZUSDT	0.0000%	8h	97.490	+0.041%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	+0.041%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.490	+0.041%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	+0.010%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	+0.062%	$28.0M	$16.6M	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	97.488	+0.039%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.497	+0.048%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.530	+0.082%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.490	+0.041%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.450	long leg	$280K	$253K	75x
Phemex XBRUSDT	0.0000%	4h	97.510	+0.062%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.457	+0.007%	$224K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.498	+0.050%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.039	+0.604%	—	—	—	as long as short
Vest BZ-PERP	+0.0020%	1h	101.57	+4.228%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.480	+0.031%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.502	+0.054%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.507	+0.059%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.490	+0.041%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.524	+0.076%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	0.000%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0058%	1h	97.483	+0.034%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.520	+0.072%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	+0.103%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.051%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0292% / S −0.2129%	1h	97.495	+0.046%	$115K	—	111x	as long as short