Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.039%

Price spread now: OKX against RISEx+0.002%7-day average −0.064% · 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−$15as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.210%−$21 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.002%, 7d avg −0.064%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.066% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.064%. Mind the row above: over the last 3 days funding on this pair cost −0.210%, 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	96.108	−0.0020	get 0.0003% / 1h	39m 57s	$2.2M	$1.3M	20x
Short	OKX BZ-USDT-SWAP	96.110	0	get 0.0000% / 4h	39m 57s	$15.9M	$26.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $4.24
Price spread: +0.002% → −0.064%: $6.58
Slippage, 4 orders: −$5.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.62
Costs to cover: 0.214%
Break-even: 24.5 days

Slippage from RISEx: live order book, 4 min ago; OKX: 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	1.04 bp	4.0 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.52 bp	5.9 bp −$6	9.7 bp −$97	30.2 bp −$3,016	doesn't fit

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	96.125	+0.018%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0328%	1h	96.150	+0.044%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.769%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0166%	1h	96.160	+0.054%	$103K	$278K	15x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0118%	1h	96.158	+0.052%	$149.7M	$145.0M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.040%	$232K	$578K	15x	as long as short
RISEx BZ/USDClong	−0.0020%	1h	96.108	long leg	$2.2M	$1.3M	20x
Binance BZUSDT	−0.0017%	4h	96.130	+0.023%	$145.9M	$467.1M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	−0.050%	$34K	$375K	25x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.090	−0.019%	$1.5M	$95K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	96.120	+0.012%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.120	+0.012%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.110	+0.002%	$15.9M	$26.8M	50x
Gate BZ_USDT	0.0000%	8h	96.070	−0.040%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.120	+0.012%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−0.047%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.150	+0.044%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.081%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.023%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.125%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0012%	8h	96.120	+0.012%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.100	−0.008%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	96.128	+0.020%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.779%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.157	+0.051%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.040	−0.071%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.008%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.023%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.139	+0.032%	$81K	$233K	20x	as long as short
Extended XBR-USD	+0.0136%	1h	96.016	−0.096%	$671K	$5.2M	10x	as long as short