Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against RISEx−0.004%7-day average −0.036% · 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−$17as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 7 days−0.149%−$15 · spread now −0.004%, 7d avg −0.036%

Together, before fees−0.292%−$29 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: Binance is 0.032% dearer against RISEx than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.409	0	get 0.0000% / 1h	5m 49s	$2.4M	$1.7M	20x
Short	Binance BZUSDT	97.405	0	get 0.0000% / 4h	5m 49s	$148.3M	$351.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.036%: $3.2
Slippage, 4 orders: −$4.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.42
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Binance: live order book, 8 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 RISEx live order book, 3 min ago	1.80 bp	4.8 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.51 bp	5.5 bp −$6	6.1 bp −$61	10.8 bp −$1,075	44.4 bp −$22.2K

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	96.342	−1.095%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0161%	1h	97.400	−0.009%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.073%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0014%	1h	97.370	−0.040%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.451	+0.044%	$339K	$860K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.405	−0.004%	$148.3M	$351.3M	100x
Bybit BZUSDT	0.0000%	8h	97.380	−0.029%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.360	−0.050%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.409	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.350	−0.060%	$9.2M	$11.2M	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	97.410	+0.002%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.402	−0.007%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.227%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.440	+0.032%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	+0.022%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.420	+0.012%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.47	+4.170%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.986	+0.593%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.166	−0.249%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.430	+0.022%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.444	+0.036%	$743K	$2.9M	10x	as long as short
BloFin BZ-USDT	+0.0048%	4h	97.430	+0.022%	$1.5M	$99K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.447	+0.040%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.430	+0.022%	$155.6M	$115.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.459	+0.052%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0080%	1h	97.330	−0.081%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	−0.019%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.183%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.418	+0.010%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0176%	1h	97.500	+0.094%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.395	−0.014%	$116K	—	111x	as long as short