Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.039%

Price spread now: RISEx against OKX−0.002%7-day average +0.064% · 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−$28as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.210%+$21 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.002%, 7d avg +0.064%

Together, before fees+0.372%+$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 0.066% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.210%, 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	OKX BZ-USDT-SWAP	96.110	0	get 0.0000% / 4h	40m 29s	$15.9M	$26.8M	50x
Short	RISEx BZ/USDC	96.108	−0.0020	pay 0.0003% / 1h	40m 29s	$2.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$4.24
Price spread: −0.002% → +0.064%: −$6.58
Slippage, 4 orders: −$5.43
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$32.25
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; RISEx: live order book, 3 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 OKX live order book, 3 min ago	0.52 bp	7.4 bp −$7	12.6 bp −$126	28.6 bp −$2,861	doesn't fit
Sell RISEx live order book, 3 min ago	1.04 bp	4.0 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.075	−0.036%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0328%	1h	96.150	+0.042%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.771%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0126%	1h	96.157	+0.049%	$149.7M	$145.0M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.042%	$232K	$577K	15x	as long as short
RISEx BZ/USDCshort	−0.0020%	1h	96.108	−0.002%	$2.2M	$1.3M	20x
Binance BZUSDT	−0.0017%	4h	96.130	+0.021%	$145.9M	$467.1M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	−0.052%	$34K	$375K	25x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.090	−0.021%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.010%	$334K	$1.4M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	96.110	0.000%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.110	long leg	$15.9M	$26.8M	50x
Gate BZ_USDT	0.0000%	8h	96.080	−0.031%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.120	+0.010%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.153%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.100	−0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.110	0.000%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.083%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.021%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.127%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0012%	8h	96.120	+0.010%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.090	−0.021%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	96.128	+0.018%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.777%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.157	+0.049%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.040	−0.073%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.010%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.021%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.136	+0.027%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.014	−0.100%	$671K	$5.2M	10x	as long as short