Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: RISEx against Gate+0.079%7-day average +0.110% · 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−$33as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.283%+$28 on $10k

Price spread, last 7 days+0.152%+$15 · spread now +0.079%, 7d avg +0.110%

Together, before fees+0.435%+$43 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 0.031% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	97.150	0	get 0.0000% / 8h	34m 54s	$9.2M	$10.9M	100x
Short	RISEx BZ/USDC	97.227	0	get 0.0000% / 1h	34m 54s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.110%: −$3.08
Slippage, 4 orders: −$8.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$33.06
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; RISEx: live order book, 4 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 Gate live order book, 4 min ago	1.54 bp	10.0 bp −$10	17.6 bp −$176	29.7 bp −$2,970	41.7 bp −$20.9K
Sell RISEx live order book, 4 min ago	0.46 bp	3.5 bp −$3	4.2 bp −$42	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	96.605	−0.561%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0059%	1h	97.200	+0.051%	$100K	$254K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	+0.010%	$235K	$410K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.270	+0.124%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.193	+0.045%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.164	+0.014%	$149.1M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.140	−0.010%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.160	+0.010%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.227	+0.079%	$2.4M	$1.7M	20x
Gate BZ_USDTlong	0.0000%	8h	97.150	long leg	$9.2M	$10.9M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.150	0.000%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.286	+0.140%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.360	+0.216%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	+0.062%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.330	+0.185%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.420	+0.278%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.32	+4.292%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	+0.166%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.781	+0.649%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.210	+0.062%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.171	+0.022%	$738K	$3.1M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	97.210	+0.062%	$3.1M	$998K	15x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.238	+0.091%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.191	+0.042%	$154.9M	$114.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.280	+0.134%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0050%	4h	97.190	+0.041%	$1.5M	$98K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0094%	1h	97.358	+0.214%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.190	+0.041%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	+0.185%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.232	+0.084%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.215	+0.067%	$115K	—	111x	as long as short