Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against RISEx+0.033%7-day average −0.036% · 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−$12as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 7 days−0.185%−$19 · spread now +0.033%, 7d avg −0.036%

Together, before fees−0.329%−$33 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: Binance is 0.068% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.123	0	get 0.0000% / 1h	15m 33s	$2.4M	$1.7M	20x
Short	Binance BZUSDT	97.154	0	get 0.0000% / 4h	15m 33s	$148.2M	$351.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.036%: $6.84
Slippage, 4 orders: −$2.99
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.15
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Binance: live order book, 13 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 RISEx live order book, 3 min ago	0.98 bp	4.0 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	5.6 bp −$56	11.6 bp −$1,158	47.4 bp −$23.7K

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	96.342	−0.804%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0162%	1h	97.110	−0.013%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.013%	$236K	$416K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0005%	1h	97.050	−0.075%	$3.1M	$995K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.190	+0.070%	$338K	$860K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.154	+0.033%	$148.2M	$351.3M	100x
Bybit BZUSDT	0.0000%	8h	97.150	+0.028%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	+0.028%	$16.0M	$19.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.123	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.110	−0.013%	$9.2M	$11.2M	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	97.160	+0.039%	$27.9M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.090	−0.034%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.088	−0.036%	$18K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.140	+0.018%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−0.126%	$278K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.560	+0.450%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.15	+4.147%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.683	+0.578%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	97.008	−0.118%	$223K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+0.049%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.174	+0.053%	$735K	$2.9M	10x	as long as short
BloFin BZ-USDT	+0.0042%	4h	96.990	−0.136%	$1.5M	$98K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.153	+0.032%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.180	+0.059%	$155.2M	$115.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.146	+0.024%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0092%	1h	97.099	−0.025%	$7K	$40K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.190	+0.069%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.150	+0.028%	$3.8M	$803K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.090	−0.033%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.135	+0.013%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.115	−0.008%	$115K	—	111x	as long as short