Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.084%
Price spread now: RISEx against Injective+0.900%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.900% dearer against Injective than usual: you sell high and buy low: +$90 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BRENT/USDC PERP95.962−0.0220get 0.0028% / 1h56m 27s$8K$7K30x
ShortRISEx BZ/USDC96.8260get 0.0000% / 1h56m 27s$2.3M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Injective. 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

Funding earned
$46.2
Price spread: +0.900% → 0.000%
$90.04
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee RISEx: 3 bp × 2 orders
−$6
Net
$130.22
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; RISEx: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell RISEx live order book, 2 min ago0.83 bp3.8 bp −$45.6 bp −$56doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERPlong−0.0220%1h95.962long leg$8K$7K30x
Coinbase International BRENTOIL-PERP-INTX−0.0136%1h96.650+0.717%$234K$421K15xas long as short
Aster BZUSDT0.0000%4h96.842+0.917%$336K$1.2M50xas long as short
Binance BZUSDT0.0000%4h96.800+0.873%$146.0M$397.1M100xas long as short
Bybit BZUSDT0.0000%8h96.780+0.852%$10.4M$14.8M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.820+0.894%$15.9M$23.9M50xas long as short
RISEx BZ/USDCshort0.0000%1h96.826+0.900%$2.3M$1.3M20x
Gate BZ_USDT0.0000%8h96.790+0.863%$9.2M$12.7M100xas long as short
Bitget BZUSDT0.0000%4h96.830+0.905%$27.7M$16.8M100xas long as short
Variational Omni BZ0.0000%4h96.668+0.736%$9.3M$7.4Mas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h96.828+0.902%$24K$355K25xas long as short
SunX BRENTOIL-USDT0.0000%4h96.880+0.957%$4K$2.6M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h96.850+0.925%$103K$271K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.700+0.769%$308K$222K75xas long as short
Phemex XBRUSDT0.0000%4h96.840+0.915%$1.2M$88K100xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.333+1.428%as long as short
edgeX BZUSDC+0.0017%4h96.739+0.809%$222K$232K20xas long as short
BloFin BZ-USDT+0.0028%4h96.840+0.915%$1.5M$91K50xas long as short
Lighter BRENTOIL+0.0032%1h96.840+0.915%$3.3M$4.3M20xas long as short
Extended XBR-USD+0.0032%1h96.840+0.915%$688K$5.3M10xas long as short
Vest BZ-PERP+0.0046%1h100.86+5.104%$735K10xas long as short
Paradex BZ-USD-PERP+0.0047%8h96.834+0.909%$3K$5215xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h96.830+0.905%$151.7M$138.3M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.867+0.943%$1.5M$506K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.820+0.894%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h96.870+0.946%$3.8M$918K50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.890+0.967%$25K$273K50xas long as short
Hotstuff BRENTOIL-PERP+0.0128%1h96.880+0.957%$33K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0204% / S +0.0117%1h96.805+0.878%$126K111xas long as short
Kraken Futures PF_BRENTOILUSD+0.0253%1h96.861+0.937%$83K$219K20xas long as short
Aftermath Perps BRENTUSD+0.0312%1h96.799+0.873%$7K$44K5xas long as short