Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.020%

Price spread now: RISEx against BloFin+0.063%7-day average +0.040% · 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−$20as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now +0.063%, 7d avg +0.040%

Together, before fees+0.296%+$30 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 0.023% dearer against BloFin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.670	−0.0004	get 0.0002% / 4h	3h 00m	$1.5M	$91K	50x
Short	RISEx BZ/USDC	96.731	0	get 0.0000% / 1h	0m 15s	$2.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0.88
Price spread: +0.063% → +0.040%: $2.3
Slippage, 4 orders: −$3.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.75
Costs to cover: 0.219%
Break-even: 156.1 days

Slippage from BloFin: live order book, 2 min ago; RISEx: 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 BloFin live order book, 2 min ago	0.52 bp	6.5 bp −$7	9.3 bp −$93	19.7 bp −$1,974	doesn't fit
Sell RISEx live order book, 4 min ago	1.45 bp	4.4 bp −$4	5.1 bp −$51	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	−0.971%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.021%	$234K	$440K	15x	as long as short
BloFin BZ-USDTlong	−0.0004%	4h	96.670	long leg	$1.5M	$91K	50x
Aster BZUSDT	0.0000%	4h	96.724	+0.056%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.727	+0.059%	$145.9M	$401.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.710	+0.041%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.730	+0.062%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	96.731	+0.063%	$2.2M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.670	0.000%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.720	+0.052%	$27.6M	$17.8M	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	96.668	−0.002%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	+0.006%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	+0.062%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+0.083%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	+0.031%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	+0.052%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.612%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	+0.030%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+0.082%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.730	+0.062%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.729	+0.061%	$721K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+4.231%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+0.041%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.740	+0.072%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	+0.107%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.630	−0.041%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	+0.031%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.740	+0.072%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.072%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	+0.057%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	+0.069%	$7K	$44K	5x	as long as short