Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: HTX against RISEx−0.058%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.228%−$23 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now −0.058%, 7d avg −0.069%

Together, before fees−0.325%−$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	96.757	0	get 0.0000% / 1h	58m 55s	$2.2M	$1.3M	20x
Short	HTX BRENTOIL-USDT	96.700	0	get 0.0000% / 4h	2h 58m	$308K	$222K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.069%: $1.02
Slippage, 4 orders: −$8.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.03
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; HTX: live order book, 8 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 RISEx live order book, 5 min ago	1.45 bp	4.4 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell HTX live order book, 8 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	95.731	−1.060%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.110%	$234K	$440K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.865	+0.112%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.876	+0.124%	$146.1M	$401.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.840	+0.086%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.850	+0.097%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.757	long leg	$2.2M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.820	+0.066%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.840	+0.086%	$27.7M	$17.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.091%	$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	96.660	−0.100%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.870	+0.117%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.880	+0.128%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.700	−0.058%	$308K	$222K	75x
Phemex XBRUSDT	0.0000%	4h	96.870	+0.117%	$1.2M	$93K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	+0.086%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.382	+0.646%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.060%	$221K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.850	+0.097%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.844	+0.091%	$709K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.84	+4.220%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.054%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.889	+0.137%	$151.9M	$138.2M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.069%	$3.1M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0066%	1h	96.885	+0.133%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.860	+0.107%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.017%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.730	−0.027%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0120%	1h	96.845	+0.091%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.859	+0.106%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0317%	1h	96.732	−0.026%	$7K	$44K	5x	as long as short