Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: RISEx against SunX−0.036%7-day average +0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.234%+$23 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.036%, 7d avg +0.013%

Together, before fees+0.477%+$48 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: RISEx is 0.048% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.050	0	get 0.0000% / 4h	9m 46s	$4K	$2.5M	20x
Short	RISEx BZ/USDC	97.016	0	get 0.0000% / 1h	9m 46s	$2.2M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against SunX. 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 SunXbpFee RISExbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.013%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.83
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; RISEx: live order book, 4 min ago. Net counts fees only.

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 SunX live order book, 7 min ago	254.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.41 bp	3.4 bp −$3	3.8 bp −$38	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	96.433	−0.636%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.196%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.041%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.069	+0.020%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.031%	$146.9M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−0.041%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−0.041%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.016	−0.036%	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	96.980	−0.072%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.031%	$27.7M	$16.5M	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	97.017	−0.034%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.093%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.050	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.030	−0.021%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.062%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.247%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.090%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.580	+0.546%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.07	+4.142%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	−0.010%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.040	−0.011%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.021	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.056	+0.006%	$153.1M	$126.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.083	+0.034%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.072%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.041%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	+0.031%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.124%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.103	+0.055%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.071	+0.022%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0213% / S −0.0155%	1h	97.025	−0.026%	$126K	—	111x	as long as short