Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1600%/8h= −175.2% APRpaid last 24h −0.014%

Price spread now: Hotstuff against SunX+0.053%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Hotstuff is 0.053% dearer against SunX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	93.780	0	get 0.0000% / 4h	1h 05m	$4K	$1.6M	20x
Short	Hotstuff BRENTOIL-PERP	93.830	−0.1600	pay 0.0200% / 1h	5m 54s	$32K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$336
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$343.67
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Hotstuff: no order-book sample. 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 SunX live order book, 4 min ago	17.02 bp	21.0 bp −$21	30.3 bp −$303	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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 exchanges

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
Hotstuff BRENTOIL-PERPshort	−0.1600%	1h	93.830	+0.053%	$32K	—	20x
Kraken Futures PF_BRENTOILUSD	−0.0344%	1h	93.713	−0.072%	$105K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.720	−0.064%	$2.2M	$2.6M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+1.126%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0177%	1h	93.710	−0.075%	$29K	$389K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	+0.395%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−0.011%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0049%	8h	93.760	−0.021%	$10.6M	$16.9M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	+0.298%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0017%	4h	93.773	−0.007%	$144.0M	$466.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	+0.212%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.780	0.000%	$321K	$636K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.750	−0.032%	$15.7M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.720	−0.064%	$8.7M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.770	−0.011%	$27.2M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.191	+0.438%	$8.9M	$6.6M	—	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	93.780	long leg	$4K	$1.6M	20x
HTX BRENTOIL-USDT	0.0000%	4h	93.700	−0.085%	$240K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.080	+0.320%	$1.2M	$91K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.238	+0.488%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0013%	1h	93.967	+0.200%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	97.360	+3.817%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.720	−0.064%	$3.4M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.748	−0.034%	$751K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.765	−0.016%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.780	0.000%	$137.8M	$183.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.740	−0.043%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.720	−0.064%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.730	−0.053%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.910	+0.139%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	93.705	−0.080%	$22K	—	111x	as long as short