Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: RISEx against Bybit−0.111%45s7-day average +0.064% · 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−$250.250% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.265%+$27 on $10k

Price spread, last 7 days+0.292%+$29 · spread now −0.111%, 7d avg +0.064%

Together, before fees+0.557%+$56 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 0.175% cheaper against Bybit than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 45 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	Bybit BZUSDT	97.660	0	get 0.0000% / 8h	2h 01m	$10.3M	$12.6M	100x
Short	RISEx BZ/USDC	97.552	0	get 0.0000% / 1h	1m 55s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.064%: −$17.48
Slippage, 4 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$42.48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.51 bp	6.9 bp −$7	10.1 bp −$101	97.2 bp −$9,724	doesn't fit
Sell RISEx live order book, 2 min ago	1.02 bp	5.0 bp −$5	5.5 bp −$55	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	96.939	−0.738%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.133%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.666	+0.006%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.670	+0.010%	$147.7M	$357.1M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.660	long leg	$10.3M	$12.6M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.650	−0.010%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.552	−0.111%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.630	−0.031%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.650	−0.010%	$27.8M	$17.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.538	−0.125%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.560	−0.103%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.600	−0.061%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.600	−0.061%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.560	−0.102%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.580	−0.082%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.522	−0.141%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.595	−0.067%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.146	+0.498%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.64	+4.075%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0024%	4h	97.570	−0.092%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.590	−0.072%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.671	+0.011%	$681K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	97.590	−0.072%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.561	−0.101%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.660	0.000%	$154.5M	$122.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.621	−0.040%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.143%	$3.1M	$995K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0077%	1h	97.583	−0.079%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.670	+0.010%	$3.8M	$831K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.102%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.585	−0.077%	$116K	—	111x	as long as short