Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.002%

Price spread now: RISEx against Bybit−0.022%7-day average +0.061% · 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−$35as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.265%+$27 on $10k

Price spread, last 7 days+0.225%+$22 · spread now −0.022%, 7d avg +0.061%

Together, before fees+0.490%+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.083% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.265%, 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	Bybit BZUSDT	97.060	0	get 0.0000% / 8h	7h 20m	$10.2M	$13.4M	100x
Short	RISEx BZ/USDC	97.039	−0.0039	pay 0.0005% / 1h	20m 06s	$2.4M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$8.1
Price spread: −0.022% → +0.061%: −$8.33
Slippage, 4 orders: −$9.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$43.15
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.51 bp	8.7 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	2.16 bp	5.2 bp −$5	5.8 bp −$58	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0265%	1h	97.070	+0.010%	$100K	$267K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.740%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0087%	1h	96.980	−0.082%	$3.1M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0064%	4h	97.181	+0.124%	$13K	$340K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.240	+0.185%	$237K	$410K	15x	as long as short
RISEx BZ/USDCshort	−0.0039%	1h	97.039	−0.022%	$2.4M	$1.8M	20x
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.110	+0.052%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.068	+0.008%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.074	+0.014%	$148.0M	$357.9M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.060	long leg	$10.2M	$13.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−0.010%	$16.2M	$20.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.000	−0.062%	$9.2M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.080	+0.021%	$27.9M	$19.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	−0.030%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.100	+0.041%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	+0.021%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.190	+0.134%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.95	+4.008%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.629	+0.587%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.177	+0.121%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.060	0.000%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.123	+0.065%	$749K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	97.114	+0.056%	$2K	$1K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.140	+0.082%	$33K	—	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.090	+0.031%	$154.4M	$116.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.095	+0.036%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	97.239	+0.184%	$7K	$39K	5x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.040	−0.021%	$1.5M	$101K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.100	+0.041%	$3.8M	$786K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	+0.165%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0327% / S −0.2771%	1h	97.065	+0.005%	$115K	—	111x	as long as short