Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h −0.032%

Price spread now: RISEx against KuCoin+0.013%7-day average +0.043% · 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−$38as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 7 days+0.176%+$18 · spread now +0.013%, 7d avg +0.043%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and RISEx is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.070% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	95.280	0.0100	pay 0.0050% / 4h	2h 56m	$3.4M	$1.1M	50x
Short	RISEx BZ/USDC	95.292	−0.0289	pay 0.0036% / 1h	56m 59s	$2.4M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$81.73
Price spread: +0.013% → +0.043%: −$3.02
Slippage, 4 orders: −$17.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$120.08
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.57 bp	9.6 bp −$10	46.8 bp −$468	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	2.41 bp	5.4 bp −$5	7.6 bp −$76	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0380%	1h	95.260	−0.021%	$98K	$268K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.263	−0.018%	$81K	$204K	20x	as long as short
RISEx BZ/USDCshort	−0.0289%	1h	95.292	+0.013%	$2.4M	$1.8M	20x
Ondo Perps BRENT-USD.P	−0.0132%	1h	95.220	−0.063%	$3.0M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	−0.073%	$14K	$328K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.240	−0.042%	$276K	$590K	15x	as long as short
Bybit BZUSDT	−0.0053%	8h	95.190	−0.094%	$10.1M	$14.7M	100x	as long as short
BloFin BZ-USDT	−0.0025%	4h	95.220	−0.063%	$1.5M	$102K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.117	−0.171%	$327K	$703K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.170	−0.115%	$146.0M	$393.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.180	−0.105%	$15.9M	$23.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.090	−0.199%	$9.1M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.210	−0.073%	$28.0M	$22.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	−0.045%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.270	−0.010%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.380	+0.105%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.283%	$1.2M	$80K	100x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0004%	1h	95.249	−0.033%	$1.6M	$386K	20x	as long as short
Vest BZ-PERP	+0.0011%	1h	98.950	+3.852%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.392%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	95.168	−0.117%	$219K	$230K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	95.258	−0.023%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.180	−0.105%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.238	−0.044%	$747K	$2.7M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	95.370	+0.094%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+1.115%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.172	−0.113%	$152.9M	$128.2M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0050%	1h	95.388	+0.114%	$7K	$39K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	95.280	long leg	$3.4M	$1.1M	50x
ApeX Omni BZUSDT	+0.0100%	1h	95.320	+0.042%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	−0.037%	$33K	—	111x	as long as short