Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0302%/8h= −33.0% APRpaid last 24h −0.004%

Price spread now: RISEx against Aster−0.239%55s7-day average +0.059% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.161%+$16 on $10k

Price spread, last 7 days+0.457%+$46 · spread now −0.239%, 7d avg +0.059%

Together, before fees+0.618%+ Points / potential airdropAster: Stage 5 · farm board+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and RISEx is 0.298% cheaper against Aster than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.161%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	94.061	0	get 0.0000% / 4h	1h 53m	$339K	$821K	50x
Short	RISEx BZ/USDC	93.836	−0.0302	pay 0.0038% / 1h	53m 39s	$2.2M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aster. 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 AsterbpFee RISExbpOrdersPrice spread, now −0.239%Rate

Funding earned: −$63.32
Price spread: −0.239% → +0.059%: −$29.82
Slippage, 4 orders: −$9.9
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$117.04
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; RISEx: live order book, 3 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 Aster live order book, 57 min ago	2.61 bp	6.6 bp −$7	9.6 bp −$96	127.6 bp −$12.8K	doesn't fit
Sell RISEx live order book, 3 min ago	2.34 bp	5.3 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit

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-PERP	−0.1600%	1h	94.290	+0.244%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0495%	1h	93.940	−0.128%	$45K	$375K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.928	−0.141%	$94K	$262K	20x	as long as short
RISEx BZ/USDCshort	−0.0302%	1h	93.836	−0.239%	$2.2M	$2.1M	20x
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.824%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0091%	8h	94.090	+0.031%	$10.7M	$16.7M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.920	−0.150%	$271K	$909K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.168	+0.114%	$13K	$308K	25x	as long as short
BloFin BZ-USDT	−0.0049%	4h	93.950	−0.118%	$1.5M	$110K	50x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0040%	1h	94.081	+0.022%	$128.6M	$181.4M	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	−0.0026%	4h	94.090	+0.031%	$145.4M	$464.5M	100x	as long as short
edgeX BZUSDC	−0.0013%	4h	94.143	+0.088%	$216K	$230K	20x	as long as short
Lighter BRENTOIL	0.0000%	1h	94.040	−0.022%	$3.4M	$5.5M	20x	as long as short
Aster BZUSDTlong	0.0000%	4h	94.061	long leg	$339K	$821K	50x
OKX BZ-USDT-SWAP	0.0000%	4h	94.110	+0.052%	$15.7M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.990	−0.075%	$8.9M	$12.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.090	+0.031%	$27.8M	$29.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.001	−0.064%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.920	−0.150%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.000	−0.065%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.340	+0.297%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.494	+0.461%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	97.590	+3.752%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	94.028	−0.035%	$1K	$2K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	93.956	−0.111%	$655K	$3.6M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	94.318	+0.274%	$7K	$38K	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.830	−0.245%	$3.0M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.874	−0.199%	$1.5M	$452K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.080	+0.020%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.250	+0.201%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.975	−0.091%	$32K	—	111x	as long as short