Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: KuCoin against RISEx+0.087%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on RISEx Short on KuCoin

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−0.279%−$28 · spread now +0.087%, 7d avg −0.048%

Together, before fees−0.354%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.134% dearer against RISEx than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.048%. Mind the row above: over the last 4 days funding on this pair cost −0.075%, 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	97.365	0	get 0.0000% / 1h	36m 47s	$2.4M	$1.7M	20x
Short	KuCoin BZUSDTM	97.450	0.0100	get 0.0050% / 4h	3h 36m	$3.8M	$860K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.087%Rate

Funding earned: $21
Price spread: +0.087% → −0.048%: $13.45
Slippage, 4 orders: −$16.37
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.08
Costs to cover: 0.344%
Break-even: 7.0 days

Slippage from RISEx: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago	1.90 bp	4.9 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.03 bp	15.5 bp −$16	42.6 bp −$426	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	96.628	−0.757%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.098%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.400	+0.035%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.382	+0.017%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.390	+0.025%	$147.4M	$367.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	+0.025%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	+0.005%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.365	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.350	−0.016%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.390	+0.025%	$28.0M	$16.6M	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	97.458	+0.095%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.490	+0.128%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.410	+0.046%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.390	+0.025%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.350	−0.016%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.430	+0.066%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.478	+0.116%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.948	+0.598%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.45	+4.195%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.390	+0.025%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.407	+0.042%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.382	+0.017%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.432	+0.068%	$153.8M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.425	+0.061%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	−0.006%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.412	+0.048%	$82K	$208K	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.450	+0.087%	$3.8M	$860K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.440	+0.077%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.431	+0.067%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0242% / S −0.1092%	1h	97.395	+0.030%	$115K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	97.420	+0.056%	$34K	—	20x	as long as short