Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%

Price spread now: BloFin against RISEx−0.008%7-day average −0.040% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.206%−$21 on $10k

Price spread, last 3 days (all we have)−0.145%−$15 · spread now −0.008%, 7d avg −0.040%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.032% dearer against RISEx than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.040%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 3 days (−0.206% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	96.218	0	get 0.0000% / 1h	48m 47s	$2.2M	$1.3M	20x
Short	BloFin BZ-USDT	96.210	−0.0032	pay 0.0016% / 4h	3h 48m	$1.5M	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$6.66
Price spread: −0.008% → −0.040%: $3.16
Slippage, 4 orders: −$5.85
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.34
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago	0.99 bp	4.0 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.56 bp	7.6 bp −$8	9.6 bp −$96	21.3 bp −$2,130	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.245	+0.028%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.736%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.153%	$232K	$483K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.240	+0.023%	$33K	—	20x	as long as short
BloFin BZ-USDTshort	−0.0032%	4h	96.210	−0.008%	$1.5M	$95K	50x
Aster BZUSDT	0.0000%	4h	96.210	−0.008%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−0.018%	$145.7M	$436.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.220	+0.002%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.200	−0.018%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.218	long leg	$2.2M	$1.3M	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.170	−0.050%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.220	+0.002%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	−0.101%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	+0.022%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.270	+0.054%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.260	+0.044%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.130	−0.091%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.148%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	96.183	−0.036%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.795	+0.600%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.272	+0.057%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0026%	1h	96.160	−0.060%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.210	−0.008%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.212	−0.006%	$746K	$5.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	96.203	−0.015%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.34	+4.284%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.228	+0.011%	$151.0M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.312	+0.098%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.260	+0.044%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.220	+0.002%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0568%	1h	96.191	−0.028%	$6K	$44K	5x	as long as short