BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.010%

Price spread now: Deribit against RISEx+0.029%7-day average −0.018% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.558%−$56 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.029%, 7d avg −0.018%

Together, before fees−0.720%−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.048% dearer against RISEx than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 4 days (−0.558% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.791	0	get 0.0000% / 1h	45m 04s	$2.4M	$1.7M	20x
Short	Deribit BRENTOIL_USDC-PERPETUAL	97.820	−0.0057	pay 0.0007% / 1h	45m 04s	$100K	$251K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$11.88
Price spread: +0.029% → −0.018%: $4.75
Slippage, 4 orders: −$10.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.43
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Deribit: live order book, 63 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, 4 min ago	2.05 bp	5.0 bp −$5	5.5 bp −$55	doesn't fit	doesn't fit
Sell Deribit live order book, 63 min ago	0.51 bp	4.0 bp −$4	5.5 bp −$55	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.817	−0.996%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.267%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0057%	1h	97.820	+0.029%	$100K	$251K	15x
BloFin BZ-USDT	−0.0013%	4h	97.810	+0.019%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.850	+0.060%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.840	+0.050%	$147.7M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	+0.009%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.840	+0.050%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.791	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.780	−0.012%	$9.3M	$10.9M	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	97.850	+0.060%	$28.1M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.738	−0.055%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.800	+0.009%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.860	+0.070%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.800	+0.009%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.810	+0.019%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	+0.001%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.387	+0.609%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.92	+4.222%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.840	+0.050%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.847	+0.057%	$678K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.819	+0.028%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.866	+0.076%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.874	+0.084%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.760	−0.032%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.798	+0.006%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	−0.001%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.860	+0.070%	$3.9M	$827K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.780	−0.012%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.851	+0.060%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.835	+0.045%	$116K	—	111x	as long as short