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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX−0.114%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.114%, 7d avg +0.048%

Together, before fees+0.210%+$21 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: Bitget is 0.162% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	96.900	0	get 0.0000% / 4h	2h 41m	$308K	$284K	75x
Short	Bitget BZUSDT	96.790	0	get 0.0000% / 4h	2h 41m	$27.8M	$16.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.048%: −$16.19
Slippage, 4 orders: −$8.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.8
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from HTX: live order book, 25 min ago; Bitget: live order book, 2 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, 25 min ago	2.07 bp	9.1 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.52 bp	7.3 bp −$7	9.6 bp −$96	25.4 bp −$2,538	64.8 bp −$32.4K

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	−0.968%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.258%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.144%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.811	−0.092%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.790	−0.114%	$146.2M	$390.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.810	−0.093%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.790	−0.114%	$15.9M	$23.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.781	−0.122%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.750	−0.155%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	96.790	−0.114%	$27.8M	$16.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.780	−0.124%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.800	−0.103%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	−0.114%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.830	−0.072%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	96.900	long leg	$308K	$284K	75x
Phemex XBRUSDT	0.0000%	4h	96.810	−0.093%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	96.793	−0.111%	$222K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.314	+0.428%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.790	−0.114%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.789	−0.114%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.025%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.790	−0.114%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.815	−0.088%	$151.6M	$132.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.817	−0.086%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.770	−0.134%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.770	−0.134%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.820	−0.083%	$3.8M	$894K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.134%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0205% / S +0.0106%	1h	96.785	−0.119%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.812	−0.091%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0276%	1h	96.803	−0.101%	$7K	$44K	5x	as long as short