Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: RISEx against KuCoin−0.044%7-day average +0.044% · 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−$43as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.075%+$7 on $10k

Price spread, last 7 days+0.247%+$25 · spread now −0.044%, 7d avg +0.044%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.088% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.044%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.075%, 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	KuCoin BZUSDTM	97.170	0.0100	pay 0.0050% / 4h	31m 25s	$3.8M	$801K	50x
Short	RISEx BZ/USDC	97.127	0	get 0.0000% / 1h	31m 25s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$21
Price spread: −0.044% → +0.044%: −$8.81
Slippage, 4 orders: −$16.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$64.43
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; RISEx: live order book, 2 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 KuCoin live order book, 6 min ago	0.51 bp	13.4 bp −$13	39.5 bp −$395	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.57 bp	3.6 bp −$4	5.5 bp −$55	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	96.605	−0.581%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.010%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	+0.113%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.235	+0.067%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.215	+0.046%	$149.1M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.180	+0.010%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.190	+0.021%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.127	−0.044%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.160	−0.010%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.200	+0.031%	$27.8M	$18.3M	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	97.286	+0.119%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	+0.050%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	+0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	+0.031%	$100K	$255K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.031%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.490	+0.329%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.29	+4.240%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.755	+0.602%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.225	+0.057%	$224K	$229K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	+0.082%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0020%	1h	97.080	−0.093%	$3.1M	$994K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.180	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.205	+0.036%	$735K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.170	0.000%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.224	+0.056%	$155.1M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.217	+0.048%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	97.274	+0.107%	$7K	$40K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.170	long leg	$3.8M	$801K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.290	+0.123%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.207	+0.039%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.195	+0.026%	$115K	—	111x	as long as short