Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: RISEx against GRVT+0.033%7-day average +0.026% · 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−$18as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.033%, 7d avg +0.026%

Together, before fees+0.163%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	96.880	0	get 0.0000% / 4h	1h 29m	$37K	$343K	25x
Short	RISEx BZ/USDC	96.912	0	get 0.0000% / 1h	29m 39s	$2.3M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GRVT. 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 GRVTbpFee RISExbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.026%: $0.72
Slippage, 4 orders: −$4.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.43
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from GRVT: live order book, 33 min ago; RISEx: live order book, 4 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 GRVT live order book, 33 min ago	0.52 bp	6.7 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.26 bp	3.3 bp −$3	4.4 bp −$44	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	96.164	−0.739%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	+0.021%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.906	+0.027%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.923	+0.044%	$146.7M	$374.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	+0.021%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	+0.021%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	96.912	+0.033%	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.870	−0.010%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.910	+0.031%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.885	+0.006%	$9.3M	$7.1M	—	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_Perplong	0.0000%	4h	96.880	long leg	$37K	$343K	25x
SunX BRENTOIL-USDT	0.0000%	4h	96.950	+0.073%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.910	+0.031%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.010%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.920	+0.042%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.017%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.463	+0.603%	—	—	—	as long as short
BloFin BZ-USDT	+0.0025%	4h	96.900	+0.021%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.910	+0.031%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.934	+0.056%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.99	+4.243%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.910	+0.031%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.929	+0.051%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.987	+0.111%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.010%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.930	+0.052%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.970	+0.093%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	+0.021%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0169%	1h	96.899	+0.020%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0045%	1h	96.915	+0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.920	+0.042%	$83K	$218K	20x	as long as short