Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.001%

Price spread now: RISEx against Binance+0.005%7-day average +0.034% · 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−$26as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days+0.154%+$15 · spread now +0.005%, 7d avg +0.034%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and RISEx is 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.143%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	94.733	−0.0006	get 0.0003% / 4h	2h 01m	$146.9M	$455.2M	100x
Short	RISEx BZ/USDC	94.737	−0.0289	pay 0.0036% / 1h	1m 24s	$2.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$59.53
Price spread: +0.005% → +0.034%: −$2.95
Slippage, 4 orders: −$6.59
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$85.07
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; RISEx: live order book, 6 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 Binance live order book, 5 min ago	0.53 bp	5.6 bp −$6	6.6 bp −$66	8.6 bp −$861	47.0 bp −$23.5K
Sell RISEx live order book, 6 min ago	2.74 bp	5.7 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.700	−0.035%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0700%	1h	94.670	−0.066%	$46K	$375K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.732	−0.001%	$94K	$260K	20x	as long as short
RISEx BZ/USDCshort	−0.0289%	1h	94.737	+0.005%	$2.3M	$1.9M	20x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.020	+0.303%	$280K	$864K	15x	as long as short
Bybit BZUSDT	−0.0070%	8h	94.690	−0.045%	$10.6M	$16.1M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0056%	4h	95.287	+0.584%	$13K	$308K	25x	as long as short
Binance BZUSDTlong	−0.0006%	4h	94.733	long leg	$146.9M	$455.2M	100x
Ondo Perps BRENT-USD.P	−0.0002%	1h	94.720	−0.014%	$3.0M	$1.1M	15x	as long as short
Aster BZUSDT	0.0000%	4h	94.820	+0.092%	$370K	$780K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.760	+0.029%	$16.0M	$27.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.730	−0.003%	$9.0M	$13.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.740	+0.008%	$28.0M	$28.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.653	−0.085%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.780	+0.050%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.920	+0.198%	$271K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.980	+0.261%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	94.729	−0.004%	$218K	$231K	20x	as long as short
BloFin BZ-USDT	+0.0007%	4h	94.710	−0.024%	$1.6M	$109K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.590	+0.905%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.540	+4.019%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0023%	1h	95.046	+0.331%	$7K	$38K	5x	as long as short
Paradex BZ-USD-PERP	+0.0029%	8h	94.764	+0.033%	$1K	$2K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.830	+0.103%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.730	−0.003%	$670K	$3.6M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.109%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.790	+0.060%	$132.9M	$169.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.684	−0.052%	$1.6M	$395K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.830	+0.103%	$3.5M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.070	+0.356%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.745	+0.013%	$33K	—	111x	as long as short