Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.004%

Price spread now: RISEx against edgeX−0.143%7-day average +0.055% · 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−$58as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.130%+$13 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.143%, 7d avg +0.055%

Together, before fees+0.368%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.199% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.130%, 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	edgeX BZUSDC	97.666	0.0018	pay 0.0009% / 4h	2h 06m	$225K	$227K	20x
Short	RISEx BZ/USDC	97.526	0	get 0.0000% / 1h	6m 48s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$3.76
Price spread: −0.143% → +0.055%: −$19.85
Slippage, 4 orders: −$22.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$61.38
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 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 edgeX live order book, 40 min ago	10.26 bp	14.8 bp −$15	15.4 bp −$154	57.9 bp −$5,790	doesn't fit
Sell RISEx live order book, 2 min ago	1.13 bp	4.1 bp −$4	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	−0.745%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.139%	$235K	$426K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.640	−0.027%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0001%	4h	97.560	−0.109%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.582	−0.086%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.565	−0.103%	$147.5M	$358.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.550	−0.119%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.560	−0.109%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.526	−0.143%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.530	−0.139%	$9.3M	$11.7M	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	97.570	−0.098%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	+0.002%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	+0.022%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.590	−0.078%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.580	−0.088%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	−0.037%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	−0.129%	$1.2M	$81K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.573	−0.096%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.125	+0.470%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.63	+4.059%	—	$735K	10x	as long as short
edgeX BZUSDClong	+0.0018%	4h	97.666	long leg	$225K	$227K	20x
Lighter BRENTOIL	+0.0032%	1h	97.580	−0.088%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.559	−0.110%	$681K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.546	−0.123%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.586	−0.082%	$154.3M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.593	−0.075%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.540	−0.129%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0071%	1h	97.625	−0.042%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.590	−0.078%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.024%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.575	−0.093%	$116K	—	111x	as long as short