BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.030%

Price spread now: Kraken Futures against RISEx+0.049%7-day average −0.019% · 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−$31as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.618%−$62 on $10k

Price spread, last 4 days (all we have)−0.360%−$36 · spread now +0.049%, 7d avg −0.019%

Together, before fees−0.978%−$98 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.068% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 4 days funding on this pair cost −0.618%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.206	0	get 0.0000% / 1h	33m 43s	$2.2M	$1.4M	20x
Short	Kraken Futures PF_BRENTOILUSD	97.253	0.0142	get 0.0018% / 1h	33m 43s	$84K	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.049%Rate

Funding earned: $29.86
Price spread: +0.049% → −0.019%: $6.77
Slippage, 4 orders: −$21.94
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.31
Costs to cover: 0.379%
Break-even: 7.3 days

Slippage from RISEx: live order book, 5 min ago; Kraken Futures: live order book, 24 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, 5 min ago	0.72 bp	3.7 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 24 min ago	2.31 bp	18.2 bp −$18	35.8 bp −$358	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	96.571	−0.653%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.035%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.210	+0.004%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	+0.014%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.210	+0.004%	$147.1M	$371.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.190	−0.016%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.200	−0.006%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.206	long leg	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	97.160	−0.047%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	+0.014%	$27.5M	$16.3M	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	97.238	+0.033%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.240	+0.035%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.230	+0.025%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.240	+0.035%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.170	−0.037%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.320	+0.117%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.209	+0.003%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.766	+0.576%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.280	+0.076%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.210	+0.004%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.236	+0.031%	$680K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.24	+4.150%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.214	+0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.245	+0.040%	$153.0M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.273	+0.069%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.170	−0.037%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	+0.035%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.260	+0.056%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.264	+0.060%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0142%	1h	97.253	+0.049%	$84K	$207K	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.215	+0.009%	$126K	—	111x	as long as short