Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bitget against RISEx+0.027%7-day average −0.045% · 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−$17as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.240%−$24 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.027%, 7d avg −0.045%

Together, before fees−0.418%−$42 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: Bitget is 0.072% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.474	0	get 0.0000% / 1h	33m 02s	$2.4M	$1.7M	20x
Short	Bitget BZUSDT	97.500	0	get 0.0000% / 4h	2h 33m	$28.0M	$16.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.045%: $7.19
Slippage, 4 orders: −$6.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.44
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	1.59 bp	4.6 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.51 bp	7.5 bp −$7	9.6 bp −$96	26.8 bp −$2,683	73.2 bp −$36.6K

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	96.783	−0.708%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	+0.058%	$235K	$434K	15x	as long as short
BloFin BZ-USDT	−0.0007%	4h	97.530	+0.058%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.518	+0.046%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.510	+0.038%	$147.7M	$362.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.520	+0.048%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.510	+0.037%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.474	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.480	+0.007%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.500	+0.027%	$28.0M	$16.5M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.500	+0.027%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.507	+0.035%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	−0.096%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.037%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.490	+0.017%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.490	+0.017%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.515	+0.043%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.045	+0.587%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.530	+0.058%	$34K	—	20x	as long as short
edgeX BZUSDC	+0.0016%	4h	97.506	+0.034%	$224K	$228K	20x	as long as short
Vest BZ-PERP	+0.0018%	1h	101.56	+4.192%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	+0.037%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.509	+0.036%	$680K	$3.7M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0050%	1h	97.540	+0.068%	$7K	$42K	5x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.488	+0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.532	+0.060%	$153.9M	$124.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.536	+0.064%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.470	−0.004%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.520	+0.048%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.530	+0.058%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0310% / S −0.2504%	1h	97.485	+0.012%	$115K	—	111x	as long as short