Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.002%

Price spread now: Bybit against RISEx+0.074%7-day average −0.061% · 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−$13as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.265%−$27 on $10k

Price spread, last 7 days−0.277%−$28 · spread now +0.074%, 7d avg −0.061%

Together, before fees−0.542%−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.135% dearer against RISEx than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 4 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.508	−0.0039	get 0.0005% / 1h	29m 06s	$2.4M	$1.8M	20x
Short	Bybit BZUSDT	97.580	0	get 0.0000% / 8h	7h 29m	$10.3M	$13.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.074%Rate

Funding earned: $8.1
Price spread: +0.074% → −0.061%: $13.54
Slippage, 4 orders: −$9.77
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.14
Costs to cover: 0.268%
Break-even: 11.4 days

Slippage from RISEx: live order book, 5 min ago; Bybit: 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	1.85 bp	4.9 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.51 bp	8.6 bp −$9	12.1 bp −$121	92.5 bp −$9,248	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	−0.0262%	1h	97.570	+0.064%	$100K	$264K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.196%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0176%	1h	97.530	+0.023%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0073%	1h	97.470	−0.039%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.230	−0.285%	$237K	$407K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0052%	4h	97.256	−0.258%	$13K	$340K	25x	as long as short
RISEx BZ/USDClong	−0.0039%	1h	97.508	long leg	$2.4M	$1.8M	20x
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.568	+0.062%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.536	+0.029%	$338K	$735K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.560	+0.054%	$149.0M	$354.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDTshort	0.0000%	8h	97.580	+0.074%	$10.3M	$13.3M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.580	+0.074%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.550	+0.043%	$9.3M	$10.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.620	+0.115%	$28.0M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.269	−0.245%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.590	+0.084%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	−0.244%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.550	+0.043%	$1.2M	$83K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.49	+4.084%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0009%	4h	97.560	+0.054%	$1.6M	$101K	50x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.242	−0.273%	$223K	$230K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.109	+0.617%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.560	+0.054%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.586	+0.081%	$749K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	97.526	+0.019%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.643	+0.139%	$155.3M	$116.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.550	+0.043%	$1.6M	$344K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0070%	1h	97.377	−0.134%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.570	+0.064%	$3.8M	$790K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.280	−0.234%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.465	−0.044%	$116K	—	111x	as long as short