BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.030%

Price spread now: RISEx against Kraken Futures−0.057%7-day average +0.019% · 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−$46as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.618%+$62 on $10k

Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.057%, 7d avg +0.019%

Together, before fees+0.987%+$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and RISEx is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.618%, 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	Kraken Futures PF_BRENTOILUSD	97.285	0.0142	pay 0.0018% / 1h	37m 00s	$84K	$207K	20x
Short	RISEx BZ/USDC	97.230	0	get 0.0000% / 1h	37m 00s	$2.2M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Kraken Futures. 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 Kraken FuturesbpFee RISExbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$29.85
Price spread: −0.057% → +0.019%: −$7.6
Slippage, 4 orders: −$21.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$75.39
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 20 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 Kraken Futures live order book, 20 min ago	2.31 bp	12.3 bp −$12	26.6 bp −$266	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.72 bp	3.7 bp −$4	5.3 bp −$53	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	96.571	−0.734%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.047%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	97.240	−0.047%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.220	−0.067%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.232	−0.054%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.240	−0.047%	$147.1M	$371.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.240	−0.047%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−0.047%	$16.0M	$20.6M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.230	−0.057%	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	97.210	−0.078%	$9.2M	$12.2M	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	97.240	−0.047%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.307	+0.022%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.319	+0.035%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.260	−0.026%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.250	−0.036%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.190	−0.098%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.310	+0.025%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.250	−0.036%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.803	+0.532%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.260	−0.026%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.273	−0.013%	$678K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.27	+4.096%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.221	−0.067%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.285	0.000%	$153.0M	$124.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.300	+0.015%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.170	−0.119%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.270	−0.016%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	−0.108%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.282	−0.003%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0142%	1h	97.285	long leg	$84K	$207K	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.245	−0.042%	$126K	—	111x	as long as short