Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.001%

Price spread now: RISEx against BloFin+0.111%97s7-day average +0.037% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.111%, 7d avg +0.037%

Together, before fees+0.274%+$27 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: RISEx is 0.074% dearer against BloFin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 97 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	BloFin BZ-USDT	97.640	−0.0008	get 0.0004% / 4h	1h 53m	$1.5M	$98K	50x
Short	RISEx BZ/USDC	97.748	0	get 0.0000% / 1h	53m 26s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now +0.111%Rate

Funding earned: $1.6
Price spread: +0.111% → +0.037%: $7.38
Slippage, 4 orders: −$8.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$17.33
Costs to cover: 0.263%
Break-even: 83.0 days

Slippage from BloFin: live order book, 4 min ago; RISEx: live order book, just now.

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 BloFin live order book, 4 min ago	2.05 bp	8.0 bp −$8	9.7 bp −$97	18.1 bp −$1,815	doesn't fit
Sell RISEx live order book, just now	1.33 bp	4.3 bp −$4	6.5 bp −$65	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	96.817	−0.843%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.113%	$235K	$417K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.810	+0.174%	$34K	—	20x	as long as short
BloFin BZ-USDTlong	−0.0008%	4h	97.640	long leg	$1.5M	$98K	50x
Aster BZUSDT	0.0000%	4h	97.798	+0.161%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.798	+0.161%	$147.8M	$354.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.760	+0.123%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.780	+0.143%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.748	+0.111%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.730	+0.092%	$9.3M	$10.8M	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	97.780	+0.143%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.658	+0.018%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.670	+0.031%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.830	+0.195%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.800	+0.164%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.650	+0.010%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.780	+0.143%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.346	+0.723%	—	—	—	as long as short
Vest BZ-PERP	+0.0013%	1h	101.88	+4.342%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0020%	4h	97.655	+0.015%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.780	+0.143%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.768	+0.132%	$678K	$3.5M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.774	+0.138%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.807	+0.171%	$154.8M	$118.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.822	+0.186%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.710	+0.072%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0078%	1h	97.709	+0.071%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	+0.174%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	+0.102%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.827	+0.191%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.795	+0.159%	$116K	—	111x	as long as short