Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.005%

Price spread now: RISEx against Binance+0.132%55s7-day average +0.033% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.132%, 7d avg +0.033%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.098% dearer against Binance than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.033%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 4 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 55 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	Binance BZUSDT	94.055	−0.0036	get 0.0018% / 4h	1h 43m	$145.1M	$470.8M	100x
Short	RISEx BZ/USDC	94.178	−0.0302	pay 0.0038% / 1h	43m 44s	$2.2M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpFee RISExbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$55.82
Price spread: +0.132% → +0.033%: $9.83
Slippage, 4 orders: −$4.9
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$66.88
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; RISEx: live order book, 3 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 Binance live order book, 8 min ago	0.53 bp	5.5 bp −$6	6.1 bp −$61	10.9 bp −$1,091	59.9 bp −$30.0K
Sell RISEx live order book, 3 min ago	1.92 bp	4.9 bp −$5	5.8 bp −$58	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.170	+0.123%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0493%	1h	94.130	+0.080%	$34K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.186	+0.139%	$100K	$270K	20x	as long as short
RISEx BZ/USDCshort	−0.0302%	1h	94.178	+0.132%	$2.2M	$2.1M	20x
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.831%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0092%	8h	94.040	−0.016%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.228%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0078%	4h	93.835	−0.234%	$13K	$299K	25x	as long as short
Binance BZUSDTlong	−0.0036%	4h	94.055	long leg	$145.1M	$470.8M	100x
edgeX BZUSDC	−0.0017%	4h	93.841	−0.227%	$216K	$232K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.118	+0.067%	$323K	$812K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.080	+0.027%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.040	−0.016%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.090	+0.037%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.961	−0.100%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.190	+0.144%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.180	+0.133%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.310	+0.271%	$1.2M	$80K	100x	as long as short
BloFin BZ-USDT	0.0000%	4h	94.200	+0.154%	$1.5M	$114K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.666	+0.650%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.900	+4.088%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0025%	1h	94.072	+0.018%	$7K	$38K	5x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	94.205	+0.160%	$1K	$2K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.030	−0.026%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.080	+0.027%	$763K	$3.8M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0040%	1h	94.085	+0.032%	$132.4M	$187.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.226	+0.182%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.150	+0.101%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.160	+0.112%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.207%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.125	+0.075%	$32K	—	111x	as long as short