BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.022%

Price spread now: RISEx against Coinbase International+0.020%7-day average +0.138% · 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−$32as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.390%+$39 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.020%, 7d avg +0.138%

Together, before fees+0.559%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.118% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.138%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.390% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.530	−0.0096	get 0.0012% / 1h	8m 46s	$235K	$426K	15x
Short	RISEx BZ/USDC	97.549	0	get 0.0000% / 1h	8m 46s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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 Coinbase InternationalbpFee RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $20.16
Price spread: +0.020% → +0.138%: −$11.77
Slippage, 4 orders: −$4.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$12.14
Costs to cover: 0.205%
Break-even: 11.2 days

Slippage from Coinbase International: live order book, 39 min ago; RISEx: live order book, 5 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 Coinbase International live order book, 39 min ago	1.03 bp	6.5 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.97 bp	4.1 bp −$4	5.8 bp −$58	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	−0.606%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0096%	1h	97.530	long leg	$235K	$426K	15x
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.590	+0.062%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.612	+0.084%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.605	+0.077%	$147.6M	$358.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.600	+0.072%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.600	+0.072%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.549	+0.020%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.560	+0.031%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	+0.062%	$27.7M	$17.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.668	+0.141%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	+0.161%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.630	+0.103%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	+0.092%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.133%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	+0.072%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.607	+0.078%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.161	+0.647%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.66	+4.235%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	+0.140%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	+0.092%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.600	+0.072%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.612	+0.084%	$681K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.575	+0.046%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.611	+0.083%	$154.4M	$122.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.626	+0.098%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.010%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0073%	1h	97.639	+0.112%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.630	+0.103%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.164%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.605	+0.077%	$116K	—	111x	as long as short