Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: RISEx against Aster−0.025%7-day average +0.046% · 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−$27as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.025%, 7d avg +0.046%

Together, before fees+0.239%+ Points / potential airdropAster: Stage 5 · farm board+$24 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: RISEx is 0.071% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.877	0	get 0.0000% / 4h	2h 57m	$337K	$1.2M	50x
Short	RISEx BZ/USDC	96.853	0	get 0.0000% / 1h	57m 29s	$2.3M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aster. 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 AsterbpFee RISExbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.046%: −$7.07
Slippage, 4 orders: −$5.63
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$26.69
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; RISEx: live order book, 1 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 Aster live order book, 1 min ago	1.55 bp	6.4 bp −$6	7.9 bp −$79	78.4 bp −$7,840	doesn't fit
Sell RISEx live order book, 1 min ago	0.83 bp	3.8 bp −$4	5.6 bp −$56	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	95.731	−1.183%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.234%	$234K	$440K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.877	long leg	$337K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.840	−0.038%	$146.1M	$398.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.840	−0.038%	$10.4M	$14.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.830	−0.048%	$15.9M	$23.9M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	96.853	−0.025%	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.810	−0.069%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.850	−0.028%	$27.7M	$16.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.216%	$9.3M	$7.4M	—	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	96.828	−0.051%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.860	−0.018%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.870	−0.007%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.183%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.870	−0.007%	$1.2M	$88K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	−0.038%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.398	+0.537%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.739	−0.143%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.880	+0.003%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.851	−0.026%	$687K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.87	+4.122%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.854	−0.024%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.849	−0.029%	$151.8M	$138.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.895	+0.019%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.820	−0.059%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.880	+0.003%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	+0.013%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	96.910	+0.034%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0119%	1h	96.865	−0.012%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.870	−0.007%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0317%	1h	96.775	−0.105%	$7K	$44K	5x	as long as short