Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: RISEx against Gate+0.051%7-day average +0.114% · 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−$39as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.283%+$28 on $10k

Price spread, last 7 days+0.180%+$18 · spread now +0.051%, 7d avg +0.114%

Together, before fees+0.463%+$46 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 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.370	0	get 0.0000% / 8h	3h 48m	$9.2M	$12.1M	100x
Short	RISEx BZ/USDC	97.419	0	get 0.0000% / 1h	48m 43s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.114%: −$6.32
Slippage, 4 orders: −$11.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$38.52
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Gate: live order book, 5 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 Gate live order book, 5 min ago	1.03 bp	11.6 bp −$12	16.6 bp −$166	29.5 bp −$2,945	41.7 bp −$20.9K
Sell RISEx live order book, 5 min ago	1.18 bp	4.2 bp −$4	4.7 bp −$47	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	96.333	−1.065%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.103%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.373	+0.003%	$339K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.410	+0.041%	$147.7M	$368.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.410	+0.041%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.430	+0.062%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.419	+0.051%	$2.4M	$1.7M	20x
Gate BZ_USDTlong	0.0000%	8h	97.370	long leg	$9.2M	$12.1M	100x
Bitget BZUSDT	0.0000%	4h	97.430	+0.062%	$27.9M	$16.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.258	−0.115%	$9.4M	$6.8M	—	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	97.183	−0.192%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	−0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	−0.010%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.216%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.350	−0.021%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.161	−0.215%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.914	+0.558%	—	—	—	as long as short
BloFin BZ-USDT	+0.0013%	4h	97.360	−0.010%	$1.5M	$92K	50x	as long as short
Vest BZ-PERP	+0.0030%	1h	101.38	+4.118%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.420	+0.051%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.438	+0.070%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.416	+0.048%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.435	+0.067%	$153.6M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.380	+0.010%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.300	−0.072%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.362	−0.008%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.460	+0.092%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.144%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.220	−0.154%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.330	−0.041%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0231% / S −0.0274%	1h	97.355	−0.015%	$126K	—	111x	as long as short