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 0.000%

Price spread now: HTX against SunX0.000%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.059%

Together, before fees−0.047%−$5 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: HTX is 0.059% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.430	0	get 0.0000% / 4h	7m 49s	$4K	$2.4M	20x
Short	HTX BRENTOIL-USDT	97.430	0	get 0.0000% / 4h	7m 49s	$280K	$254K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.059%: $5.94
Slippage, 4 orders: −$46.88
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.94
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; HTX: live order book, 29 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 SunX live order book, 9 min ago	18.02 bp	22.0 bp −$22	30.5 bp −$305	doesn't fit	doesn't fit
Sell HTX live order book, 29 min ago	3.08 bp	9.1 bp −$9	10.5 bp −$105	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0263%	1h	97.460	+0.031%	$100K	$256K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.117%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.051%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0014%	1h	97.360	−0.072%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.470	+0.041%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.460	+0.031%	$148.7M	$351.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.440	+0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.430	0.000%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.398	−0.032%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.420	−0.010%	$9.2M	$11.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.470	+0.041%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	−0.254%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.249%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.430	long leg	$4K	$2.4M	20x
HTX BRENTOIL-USDTshort	0.0000%	4h	97.430	0.000%	$280K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.450	+0.021%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.48	+4.157%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.043	+0.630%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.166	−0.271%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.410	−0.021%	$1.5M	$99K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.460	+0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.492	+0.063%	$737K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.421	−0.010%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.480	+0.051%	$155.8M	$114.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.496	+0.068%	$1.6M	$398K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.226	−0.210%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	0.000%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.205%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.480	+0.051%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.430	0.000%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.455	+0.026%	$116K	—	111x	as long as short