BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.022%

Price spread now: Coinbase International against RISEx+0.115%7-day average −0.136% · 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+$3as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.392%−$39 on $10k

Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.115%, 7d avg −0.136%

Together, before fees−0.856%−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.251% dearer against RISEx than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.136%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 48 days. At the pace of the last 4 days (−0.392% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.368	−0.0039	get 0.0005% / 1h	41m 21s	$2.4M	$1.8M	20x
Short	Coinbase International BRENTOIL-PERP-INTX	97.480	−0.0056	pay 0.0007% / 1h	41m 21s	$237K	$402K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$3.66
Price spread: +0.115% → −0.136%: $25.11
Slippage, 4 orders: −$5.83
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.38
Costs to cover: 0.218%
Break-even: from the start

Slippage from RISEx: live order book, 3 min ago; Coinbase International: live order book, 57 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	0.77 bp	3.8 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 min ago	2.06 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	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	−0.0263%	1h	97.420	+0.053%	$100K	$260K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.054%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0128%	1h	97.370	+0.002%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0056%	1h	97.480	+0.115%	$237K	$402K	15x
Ondo Perps BRENT-USD.P	−0.0048%	1h	97.300	−0.070%	$3.1M	$991K	15x	as long as short
RISEx BZ/USDClong	−0.0039%	1h	97.368	long leg	$2.4M	$1.8M	20x
BloFin BZ-USDT	−0.0027%	4h	97.430	+0.064%	$1.5M	$100K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.425	+0.059%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.426	+0.059%	$339K	$761K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.419	+0.053%	$149.0M	$352.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	97.410	+0.043%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.400	+0.033%	$16.1M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.008%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.430	+0.064%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.339	−0.030%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.449	+0.083%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.400	+0.033%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.380	+0.012%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.500	+0.135%	$1.2M	$83K	100x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.40	+4.141%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.987	+0.635%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.335	−0.034%	$223K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.420	+0.053%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.448	+0.082%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.391	+0.023%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.450	+0.084%	$155.6M	$116.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.435	+0.069%	$1.6M	$345K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.398	+0.031%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.380	+0.012%	$3.8M	$797K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.380	+0.012%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.385	+0.017%	$116K	—	111x	as long as short