BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.024%

Price spread now: Kraken Futures against RISEx−0.010%7-day average −0.021% · 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−$36as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.625%−$63 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now −0.010%, 7d avg −0.021%

Together, before fees−0.809%−$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.625%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	96.999	0	get 0.0000% / 1h	14m 38s	$2.3M	$1.3M	20x
Short	Kraken Futures PF_BRENTOILUSD	96.989	0.0253	get 0.0032% / 1h	14m 38s	$84K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: $53.04
Price spread: −0.010% → −0.021%: $1.08
Slippage, 4 orders: −$21.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $17.07
Costs to cover: 0.370%
Break-even: 4.7 days

Slippage from RISEx: live order book, 4 min ago; Kraken Futures: live order book, 53 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, 4 min ago	1.08 bp	4.1 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 53 min ago	3.72 bp	16.5 bp −$17	36.9 bp −$369	doesn't fit	doesn't fit

BZ on 30 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	95.978	−1.052%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.195%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.000	+0.001%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.008	+0.010%	$146.5M	$379.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.960	−0.040%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−0.040%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.999	long leg	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.940	−0.060%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.990	−0.009%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.074%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.130%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.001%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.009%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.030%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.970	−0.030%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.498	+0.515%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.180%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.000	+0.001%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.995	−0.004%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.04	+4.166%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.990	−0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.004	+0.005%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.036	+0.038%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.019%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.032%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.122%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	97.000	+0.001%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0083%	1h	96.955	−0.045%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0229%	1h	96.883	−0.119%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0253%	1h	96.989	−0.010%	$84K	$218K	20x