Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: SunX against RISEx+0.037%7-day average −0.011% · 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−$52as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.234%−$23 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.037%, 7d avg −0.011%

Together, before fees−0.401%−$40 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: SunX is 0.048% dearer against RISEx than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.524	0	get 0.0000% / 1h	4m 54s	$2.4M	$1.7M	20x
Short	SunX BRENTOIL-USDT	97.560	0	get 0.0000% / 4h	2h 04m	$4K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.011%: $4.84
Slippage, 4 orders: −$43.03
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.18
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; SunX: live order book, 2 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	1.13 bp	4.1 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	18.44 bp	26.3 bp −$26	35.0 bp −$350	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	96.939	−0.600%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	+0.006%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.588	+0.065%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.590	+0.068%	$147.5M	$357.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.570	+0.047%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.570	+0.047%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.524	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.540	+0.017%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.570	+0.047%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.538	+0.014%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.560	+0.037%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.560	+0.037%	$4K	$2.4M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.550	+0.027%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	+0.109%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.530	+0.006%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.554	+0.031%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.100	+0.590%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.60	+4.180%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0017%	4h	97.556	+0.033%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.550	+0.027%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.577	+0.055%	$681K	$3.5M	10x	as long as short
BloFin BZ-USDT	+0.0045%	4h	97.560	+0.037%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.549	+0.026%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.580	+0.058%	$154.4M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.562	+0.039%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.500	−0.024%	$3.1M	$995K	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.570	+0.047%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0078%	1h	97.597	+0.075%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.590	+0.068%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	+0.037%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.545	+0.022%	$116K	—	111x	as long as short