Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.004%

Price spread now: RISEx against edgeX+0.017%7-day average +0.055% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.017%, 7d avg +0.055%

Together, before fees+0.197%+ Points / potential airdropedgeX: Active · farm board+$20 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 0.038% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.131%, 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	edgeX BZUSDC	96.953	0.0018	pay 0.0009% / 4h	1h 24m	$222K	$227K	20x
Short	RISEx BZ/USDC	96.970	0	get 0.0000% / 1h	24m 58s	$2.3M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$3.84
Price spread: +0.017% → +0.055%: −$3.78
Slippage, 4 orders: −$22.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$45.38
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 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 edgeX live order book, 37 min ago	9.81 bp	14.3 bp −$14	15.1 bp −$151	56.3 bp −$5,629	doesn't fit
Sell RISEx live order book, 4 min ago	1.50 bp	4.5 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	96.164	−0.814%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.055%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.977	+0.024%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.910	−0.045%	$146.7M	$373.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	−0.024%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	−0.055%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	96.970	+0.017%	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.880	−0.076%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	−0.014%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.955	+0.002%	$9.3M	$7.1M	—	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	96.959	+0.005%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.048%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	+0.038%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.035%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.990	+0.038%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.532	+0.596%	—	—	—	as long as short
edgeX BZUSDClong	+0.0018%	4h	96.953	long leg	$222K	$227K	20x
BloFin BZ-USDT	+0.0024%	4h	96.980	+0.027%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.990	+0.038%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.929	−0.025%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.04	+4.215%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.978	+0.026%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.995	+0.043%	$151.9M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.038	+0.087%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.055%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.010	+0.058%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.000	+0.048%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0112%	1h	96.990	+0.038%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0161%	1h	96.961	+0.008%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0041%	1h	96.985	+0.033%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.011	+0.059%	$84K	$218K	20x	as long as short