Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.002%

Price spread now: BloFin against RISEx−0.022%97s7-day average −0.038% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.251% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.208%−$21 on $10k

Price spread, last 4 days (all we have)−0.448%−$45 · spread now −0.022%, 7d avg −0.038%

Together, before fees−0.656%−$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.208%, so the current rate has only just turned in your favour. The two prices were read 97 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	RISEx BZ/USDC	97.001	0	get 0.0000% / 1h	23m 46s	$2.3M	$1.3M	20x
Short	BloFin BZ-USDT	96.980	0.0024	get 0.0012% / 4h	1h 23m	$1.5M	$86K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.022%Rate

Funding earned: $4.96
Price spread: −0.022% → −0.038%: $1.58
Slippage, 4 orders: −$7.07
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.53
Costs to cover: 0.251%
Break-even: 33.2 days

Slippage from RISEx: live order book, 5 min ago; BloFin: 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 RISEx live order book, 5 min ago	1.50 bp	4.5 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.03 bp	9.1 bp −$9	10.9 bp −$109	24.8 bp −$2,479	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	−0.863%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.105%	$233K	$431K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	96.910	−0.094%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.967	−0.036%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.029	+0.029%	$146.9M	$373.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.012%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.002%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.001	long leg	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.960	−0.043%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.010	+0.009%	$27.4M	$16.3M	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	96.955	−0.048%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.959	−0.044%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.074%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.053%	$103K	$244K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.136%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.074%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.479	+0.492%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	96.953	−0.050%	$222K	$227K	20x	as long as short
BloFin BZ-USDTshort	+0.0024%	4h	96.980	−0.022%	$1.5M	$86K	50x
Lighter BRENTOIL	+0.0032%	1h	97.030	+0.029%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.028	+0.027%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	100.96	+4.081%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.013	+0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.042	+0.042%	$152.0M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.960	−0.043%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.074%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.040%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.000	−0.002%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0162%	1h	96.951	−0.052%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0040%	1h	96.935	−0.069%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.940	−0.064%	$83K	$218K	20x	as long as short