BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.020%

Price spread now: Kraken Futures against RISEx+0.030%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−$36as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.616%−$62 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.030%, 7d avg −0.018%

Together, before fees−0.877%−$88 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 4 days funding on this pair cost −0.616%, 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	97.615	0	get 0.0000% / 1h	26m 15s	$2.4M	$1.7M	20x
Short	Kraken Futures PF_BRENTOILUSD	97.644	0.0009	get 0.0001% / 1h	26m 15s	$82K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $1.95
Price spread: +0.030% → −0.018%: $4.74
Slippage, 4 orders: −$24.28
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.58
Costs to cover: 0.403%
Break-even: 127.3 days

Slippage from RISEx: live order book, 3 min ago; Kraken Futures: live order book, 21 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	0.36 bp	3.4 bp −$3	4.5 bp −$45	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 21 min ago	5.43 bp	22.3 bp −$22	38.0 bp −$380	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	96.783	−0.853%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.088%	$235K	$434K	15x	as long as short
BloFin BZ-USDT	−0.0015%	4h	97.620	+0.005%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.635	+0.020%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.632	+0.017%	$147.8M	$362.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.620	+0.005%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.620	+0.005%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.615	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.600	−0.016%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.650	+0.035%	$28.0M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.490	−0.129%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.601	−0.015%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	+0.035%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.630	+0.015%	$101K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.026%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.620	+0.005%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.537	−0.081%	$225K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0009%	1h	97.644	+0.030%	$82K	$208K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.174	+0.572%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	101.69	+4.174%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.640	+0.025%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.646	+0.032%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.623	+0.008%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.654	+0.039%	$154.2M	$124.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.674	+0.060%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.590	−0.026%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0059%	1h	97.607	−0.008%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.630	+0.015%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.650	+0.035%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.670	+0.056%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0318% / S −0.2532%	1h	97.625	+0.010%	$116K	—	111x	as long as short