Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: RISEx against Deribit−0.033%7-day average +0.019% · 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−$25as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.558%+$56 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.033%, 7d avg +0.019%

Together, before fees+0.764%+$76 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 0.052% cheaper against Deribit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.510	0	get 0.0000% / 1h	3m 15s	$101K	$249K	15x
Short	RISEx BZ/USDC	97.478	0	get 0.0000% / 1h	3m 15s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Deribit. 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 DeribitbpFee RISExbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.019%: −$5.18
Slippage, 4 orders: −$7.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.44
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Deribit: live order book, 50 min ago; RISEx: live order book, 1 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 Deribit live order book, 50 min ago	0.51 bp	8.1 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.08 bp	4.1 bp −$4	5.6 bp −$56	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	96.536	−0.999%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.460	−0.051%	$237K	$443K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.490	−0.020%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	−0.010%	$147.5M	$367.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.500	−0.010%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	−0.010%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.478	−0.033%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.460	−0.051%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.480	−0.031%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.468	−0.043%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.481	−0.030%	$26K	$314K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	97.510	long leg	$101K	$249K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.460	−0.051%	$280K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.031%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.047	+0.551%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.472	−0.039%	$224K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.490	−0.021%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0023%	1h	101.54	+4.133%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	0.000%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.505	−0.005%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.492	−0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.488	−0.023%	$153.8M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.526	+0.016%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.062%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.480	−0.031%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.510	0.000%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.472	−0.039%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	+0.041%	$3.8M	$848K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.480	−0.031%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0278% / S −0.1844%	1h	97.495	−0.015%	$115K	—	111x	as long as short