Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: KuCoin against RISEx+0.022%7-day average −0.052% · 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−$24as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 7 days−0.203%−$20 · spread now +0.022%, 7d avg −0.052%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.074% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.052%. Mind the row above: over the last 3 days funding on this pair cost −0.080%, 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	96.999	0	get 0.0000% / 1h	14m 22s	$2.3M	$1.3M	20x
Short	KuCoin BZUSDTM	97.020	0.0100	get 0.0050% / 4h	2h 14m	$3.8M	$885K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $21
Price spread: +0.022% → −0.052%: $7.35
Slippage, 4 orders: −$13.56
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.2
Costs to cover: 0.316%
Break-even: 8.1 days

Slippage from RISEx: live order book, 5 min ago; KuCoin: live order book, 3 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	1.08 bp	4.1 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.51 bp	16.9 bp −$17	41.9 bp −$419	doesn't fit	doesn't fit

BZ on 30 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	95.978	−1.052%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.195%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.951	−0.049%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	−0.071%	$146.4M	$379.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	−0.071%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.930	−0.071%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.999	long leg	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.900	−0.102%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	−0.060%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.074%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.130%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	−0.050%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.050%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.030%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.980	−0.019%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.473	+0.489%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.180%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.930	−0.071%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.933	−0.068%	$677K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.02	+4.146%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.990	−0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.953	−0.047%	$151.8M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.005	+0.007%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.019%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.020	+0.022%	$3.8M	$885K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.122%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	97.000	+0.001%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0082%	1h	96.935	−0.066%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0227%	1h	96.912	−0.089%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.964	−0.036%	$84K	$218K	20x	as long as short