Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.001%

Price spread now: RISEx against Binance+0.063%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days+0.092%+$9 · spread now +0.063%, 7d avg +0.035%

Together, before fees+0.235%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.028% dearer against Binance than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.035%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.143%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.354	0	get 0.0000% / 4h	3h 41m	$148.9M	$353.0M	100x
Short	RISEx BZ/USDC	97.415	−0.0039	pay 0.0005% / 1h	41m 54s	$2.4M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$8.1
Price spread: +0.063% → +0.035%: $2.81
Slippage, 4 orders: −$2.57
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.85
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; RISEx: 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 Binance live order book, 2 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	12.0 bp −$1,196	26.4 bp −$13.2K
Sell RISEx live order book, 2 min ago	0.77 bp	3.8 bp −$4	5.2 bp −$52	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	97.380	+0.026%	$100K	$260K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.040%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0128%	1h	97.370	+0.016%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.129%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0051%	1h	97.380	+0.026%	$3.1M	$992K	15x	as long as short
RISEx BZ/USDCshort	−0.0039%	1h	97.415	+0.063%	$2.4M	$1.8M	20x
GRVT BZ_USDT_Perp	−0.0014%	4h	97.330	−0.025%	$14K	$332K	25x	as long as short
BloFin BZ-USDT	−0.0007%	4h	97.460	+0.108%	$1.5M	$100K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.414	+0.061%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.356	+0.002%	$339K	$761K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDTlong	0.0000%	4h	97.354	long leg	$148.9M	$353.0M	100x
Bybit BZUSDT	0.0000%	8h	97.340	−0.015%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	−0.015%	$16.1M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.310	−0.046%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.350	−0.005%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.339	−0.016%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.450	+0.098%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.380	+0.026%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.500	+0.150%	$1.2M	$84K	100x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.42	+4.176%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.965	+0.627%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.335	−0.020%	$223K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.390	+0.037%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.385	+0.031%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.421	+0.069%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.400	+0.047%	$155.5M	$116.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.430	+0.078%	$1.6M	$345K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0070%	1h	97.386	+0.033%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.340	−0.015%	$3.8M	$797K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.380	+0.026%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.385	+0.031%	$116K	—	111x	as long as short