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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: RISEx against Deribit+0.063%7-day average +0.019% · 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−$17as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.558%+$56 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.063%, 7d avg +0.019%

Together, before fees+0.643%+$64 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 0.044% dearer against Deribit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.600	0	get 0.0000% / 1h	10m 04s	$100K	$250K	15x
Short	RISEx BZ/USDC	97.661	0	get 0.0000% / 1h	10m 04s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Deribit. 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 DeribitbpFee RISExbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.019%: $4.39
Slippage, 4 orders: −$8.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$16.76
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Deribit: live order book, 38 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 Deribit live order book, 38 min ago	0.51 bp	9.1 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.97 bp	4.1 bp −$4	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.939	−0.677%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.072%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0041%	4h	97.680	+0.082%	$1.5M	$95K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.720	+0.123%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.583	−0.018%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.570	−0.031%	$147.6M	$359.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.560	−0.041%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.580	−0.020%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.661	+0.063%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.550	−0.051%	$9.3M	$11.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.590	−0.010%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	+0.070%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	+0.057%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.123%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	97.600	long leg	$100K	$250K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.061%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.590	−0.010%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.667	+0.068%	$225K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.649	+0.050%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.171	+0.585%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.73	+4.232%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.600	0.000%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.602	+0.002%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.702	+0.105%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.588	−0.012%	$154.3M	$124.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.710	+0.113%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	+0.041%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0073%	1h	97.679	+0.081%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.660	+0.061%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.710	+0.113%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.635	+0.036%	$116K	—	111x	as long as short