Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.002%

Price spread now: BloFin against RISEx−0.006%7-day average −0.038% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on RISEx Short on BloFin

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)−0.288%−$29 · spread now −0.006%, 7d avg −0.038%

Together, before fees−0.496%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.032% dearer against RISEx than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.038%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 4 days (−0.208% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.016	0	get 0.0000% / 1h	10m 35s	$2.2M	$1.4M	20x
Short	BloFin BZ-USDT	97.010	−0.0013	pay 0.0006% / 4h	10m 35s	$1.5M	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against RISEx. 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 RISExbpFee BloFinbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$2.63
Price spread: −0.006% → −0.038%: $3.24
Slippage, 4 orders: −$5.44
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.83
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; BloFin: live order book, 2 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 RISEx live order book, 3 min ago	0.41 bp	3.4 bp −$3	5.3 bp −$53	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.55 bp	8.1 bp −$8	9.5 bp −$95	19.2 bp −$1,919	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	96.433	−0.600%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.231%	$234K	$436K	15x	as long as short
BloFin BZ-USDTshort	−0.0013%	4h	97.010	−0.006%	$1.5M	$92K	50x
Aster BZUSDT	0.0000%	4h	97.060	+0.046%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.029	+0.014%	$147.0M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	+0.005%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.020	+0.005%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.016	long leg	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	96.980	−0.037%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	+0.005%	$27.7M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.017	+0.002%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.128%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.046%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	+0.005%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.006%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.283%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.126%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	+0.578%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.190%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	+0.025%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.026	+0.010%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.026	+0.011%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.054	+0.040%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.076%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.990	−0.026%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.077%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	+0.056%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.159%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.107%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	+0.047%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	+0.010%	$126K	—	111x	as long as short