Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.001%

Price spread now: RISEx against BloFin−0.048%7-day average +0.037% · 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−$33as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.185%+$18 · spread now −0.048%, 7d avg +0.037%

Together, before fees+0.393%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.085% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.037%). If the spread goes back, that is −$8 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.208% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.330	−0.0049	get 0.0024% / 4h	3m 21s	$1.5M	$99K	50x
Short	RISEx BZ/USDC	97.284	0	get 0.0000% / 1h	3m 21s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now −0.048%Rate

Funding earned: $10.2
Price spread: −0.048% → +0.037%: −$8.47
Slippage, 4 orders: −$6.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.04
Costs to cover: 0.248%
Break-even: 22.8 days

Slippage from BloFin: live order book, 4 min ago; RISEx: 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 BloFin live order book, 4 min ago	1.03 bp	7.8 bp −$8	9.9 bp −$99	15.3 bp −$1,531	doesn't fit
Sell RISEx live order book, 6 min ago	1.80 bp	4.8 bp −$5	5.8 bp −$58	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0263%	1h	97.350	+0.021%	$100K	$256K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.015%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.154%	$237K	$402K	15x	as long as short
BloFin BZ-USDTlong	−0.0049%	4h	97.330	long leg	$1.5M	$99K	50x
Ondo Perps BRENT-USD.P	−0.0018%	1h	97.260	−0.072%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.379	+0.051%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.340	+0.010%	$148.2M	$351.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.330	0.000%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	+0.010%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.284	−0.048%	$2.4M	$1.7M	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.280	−0.051%	$9.2M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.360	+0.031%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.402	+0.074%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.430	+0.103%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.320	−0.010%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.290	−0.041%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+0.072%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.432	+0.105%	$224K	$229K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.37	+4.151%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.921	+0.608%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	+0.041%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.389	+0.061%	$747K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.312	−0.018%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.365	+0.036%	$155.4M	$115.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.382	+0.053%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0076%	1h	97.350	+0.020%	$7K	$40K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.340	+0.010%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.360	+0.031%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.450	+0.123%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.350	+0.020%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.345	+0.015%	$116K	—	111x	as long as short