BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.022%

Price spread now: Coinbase International against RISEx−0.048%7-day average −0.138% · 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−$12as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.391%−$39 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.048%, 7d avg −0.138%

Together, before fees−0.474%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.089% dearer against RISEx than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.138%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 4 days (−0.391% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.207	0	get 0.0000% / 1h	33m 08s	$2.4M	$1.7M	20x
Short	Coinbase International BRENTOIL-PERP-INTX	97.160	−0.0056	pay 0.0007% / 1h	33m 08s	$236K	$412K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$11.76
Price spread: −0.048% → −0.138%: $8.94
Slippage, 4 orders: −$5.42
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24.24
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Coinbase International: live order book, 5 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, 1 min ago	0.57 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.06 bp	7.1 bp −$7	9.2 bp −$92	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	−0.619%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0056%	1h	97.160	−0.048%	$236K	$412K	15x
BloFin BZ-USDT	−0.0005%	4h	97.280	+0.075%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.314	+0.110%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.318	+0.114%	$149.3M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.290	+0.085%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	+0.106%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.207	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.270	+0.065%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.320	+0.116%	$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	+0.081%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	+0.012%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.075%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	+0.075%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.069%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.570	+0.373%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+4.252%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	+0.108%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.634%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	+0.044%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	97.130	−0.079%	$3.1M	$996K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	+0.085%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.278	+0.073%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.207	0.000%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.298	+0.094%	$155.2M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.106%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	+0.104%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	+0.075%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.160	−0.048%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	+0.084%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	+0.070%	$115K	—	111x	as long as short