Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.058%

Price spread now: Gate against RISEx−0.062%7-day average −0.120% · 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−$26as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.284%−$28 on $10k

Price spread, last 7 days−0.154%−$15 · spread now −0.062%, 7d avg −0.120%

Together, before fees−0.438%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.058% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.120%. Mind the row above: over the last 3 days funding on this pair cost −0.284%, 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	96.020	−0.0075	get 0.0009% / 1h	14m 44s	$2.2M	$1.3M	20x
Short	Gate BZ_USDT	95.960	0	get 0.0000% / 8h	1h 14m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $15.71
Price spread: −0.062% → −0.120%: $5.75
Slippage, 4 orders: −$11.12
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.65
Costs to cover: 0.321%
Break-even: 11.7 days

Slippage from RISEx: live order book, 4 min ago; Gate: 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, 4 min ago	1.20 bp	4.2 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.04 bp	10.8 bp −$11	22.8 bp −$228	29.7 bp −$2,966	41.8 bp −$20.9K

BZ on 30 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	96.015	−0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.803%	$8K	$7K	30x	as long as short
RISEx BZ/USDClong	−0.0075%	1h	96.020	long leg	$2.2M	$1.3M	20x
Ondo Perps BRENT-USD.P	−0.0030%	1h	95.970	−0.052%	$3.0M	$1.1M	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.990	−0.031%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.031%	$232K	$638K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.012	−0.009%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.020	0.000%	$145.7M	$476.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.020	0.000%	$10.3M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.010	−0.010%	$15.8M	$27.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	95.960	−0.062%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	96.000	−0.021%	$27.4M	$21.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.993	−0.028%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.971	−0.051%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.040	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.050	+0.031%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.083%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.030	+0.010%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	96.023	+0.003%	$220K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0007%	1h	96.054	+0.035%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0017%	8h	96.005	−0.016%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.020	0.000%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.937	−0.087%	$670K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.04	+4.187%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.049	+0.030%	$147.8M	$146.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.082	+0.065%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.040	+0.021%	$3.7M	$999K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.090	+0.073%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	96.060	+0.042%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.059	+0.041%	$81K	$235K	20x	as long as short