Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0289%/8h= −31.7% APRpaid last 24h −0.003%

Price spread now: RISEx against Gate+0.496%86s7-day average +0.109% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.282%+$28 on $10k

Price spread, last 7 days−0.249%−$25 · spread now +0.496%, 7d avg +0.109%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.387% dearer against Gate than usual: you sell high and buy low (spread +0.496% now, against its 7-day average of +0.109%): +$39 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.282%, so the current rate has only just turned against you. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	94.270	0	get 0.0000% / 8h	6h 00m	$9.0M	$13.3M	100x
Short	RISEx BZ/USDC	94.737	−0.0289	pay 0.0036% / 1h	0m 04s	$2.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.496%Rate

Funding earned: −$60.73
Price spread: +0.496% → +0.109%: $38.74
Slippage, 4 orders: −$9.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$52.57
Costs to cover: 0.306%
Break-even: from the start

Slippage from Gate: live order book, 2 min ago; RISEx: live order book, 1 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 Gate live order book, 2 min ago	0.53 bp	11.1 bp −$11	27.8 bp −$278	33.8 bp −$3,375	46.7 bp −$23.3K
Sell RISEx live order book, 1 min ago	1.37 bp	4.4 bp −$4	7.2 bp −$72	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	94.740	+0.499%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0704%	1h	94.290	+0.021%	$46K	$375K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	94.287	+0.018%	$94K	$260K	20x	as long as short
RISEx BZ/USDCshort	−0.0289%	1h	94.737	+0.496%	$2.3M	$1.9M	20x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.450	+0.191%	$277K	$860K	15x	as long as short
Bybit BZUSDT	−0.0077%	8h	94.290	+0.021%	$10.5M	$16.2M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0056%	4h	95.287	+1.078%	$13K	$308K	25x	as long as short
BloFin BZ-USDT	−0.0022%	4h	94.760	+0.520%	$1.6M	$110K	50x	as long as short
Binance BZUSDT	−0.0009%	4h	94.300	+0.032%	$146.1M	$457.3M	100x	as long as short
Ondo Perps BRENT-USD.P	−0.0003%	1h	94.360	+0.095%	$3.0M	$1.1M	15x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.300	+0.032%	$368K	$787K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.300	+0.032%	$15.8M	$27.5M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	94.270	long leg	$9.0M	$13.3M	100x
Bitget BZUSDT	0.0000%	4h	94.340	+0.074%	$28.0M	$29.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.763	+0.523%	$9.1M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.340	+0.074%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.500	+0.244%	$270K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.560	+0.308%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	94.729	+0.487%	$218K	$231K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.278	+1.069%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.230	+4.201%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0027%	1h	94.958	+0.730%	$7K	$38K	5x	as long as short
Paradex BZ-USD-PERP	+0.0029%	8h	94.383	+0.120%	$1K	$2K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.280	+0.011%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.380	+0.117%	$659K	$3.6M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.600%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.310	+0.042%	$129.8M	$175.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.414	+0.153%	$1.6M	$395K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.370	+0.106%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.070	+0.849%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.325	+0.058%	$32K	—	111x	as long as short