Settings8H · net · $10k
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Funding arb · Price arb /

BZ

RWAall BZ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: GMX against RISEx+0.102%46s7-day average −0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on RISExShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.163%−$16 on $10k
Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.102%, 7d avg −0.032%
Together, before fees−0.477%−$48 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GMX is 0.134% dearer against RISEx than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BZ/USDC97.2360get 0.0000% / 1h39m 40s$2.2M$1.4M20x
ShortGMX BRENTOIL/USD [ETH-USDC]97.335L +0.0190% / S +0.0009%pay 0.0001% / 1h39m 40s$126K—111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
−$1.92
Price spread: +0.102% → −0.032%
$13.4
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
−$6.52
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.93 bp3.9 bp −$45.6 bp −$56doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.376−0.884%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0096%1h97.240+0.004%$234K$437K15xas long as short
Aster BZUSDT0.0000%4h97.292+0.058%$338K$954K50xas long as short
Binance BZUSDT0.0000%4h97.232−0.004%$147.1M$371.4M100xas long as short
Bybit BZUSDT0.0000%8h97.220−0.016%$10.4M$13.2M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.270+0.035%$16.1M$20.6M50xas long as short
RISEx BZ/USDClong0.0000%1h97.236long leg$2.2M$1.4M20x
Gate BZ_USDT0.0000%8h97.190−0.047%$9.2M$12.2M100xas long as short
Bitget BZUSDT0.0000%4h97.260+0.025%$27.5M$16.3M100xas long as short
Variational Omni BZ0.0000%4h97.307+0.073%$9.4M$6.9M—as long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h97.319+0.086%$28K$352K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.350+0.117%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.340+0.107%$104K$236K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.290+0.056%$279K$268K75xas long as short
Phemex XBRUSDT0.0000%4h97.330+0.097%$1.2M$85K100xas long as short
edgeX BZUSDC+0.0001%4h97.311+0.077%$223K$226K20xas long as short
BloFin BZ-USDT+0.0006%4h97.330+0.097%$1.5M$92K50xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.880+0.662%———as long as short
Lighter BRENTOIL+0.0032%1h97.280+0.045%$3.3M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.251+0.016%$678K$4.5M10xas long as short
Vest BZ-PERP+0.0035%1h101.36+4.241%—$735K10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.242+0.007%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.303+0.069%$153.1M$124.7M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.391+0.159%$1.6M$494K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.270+0.035%$3.1M$1.1M15xas long as short
Hotstuff BRENTOIL-PERP+0.0088%1h97.350+0.117%$34K—20xas long as short
KuCoin BZUSDTM+0.0100%4h97.290+0.056%$3.8M$871K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.330+0.097%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0101%1h97.325+0.092%$7K$43K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0142%1h97.363+0.131%$84K$207K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]shortL +0.0190% / S +0.0009%1h97.335+0.102%$126K—111x