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: OKX against RISEx+0.058%7-day average −0.057% · 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−$10as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.210%−$21 on $10k

Price spread, last 7 days−0.222%−$22 · spread now +0.058%, 7d avg −0.057%

Together, before fees−0.432%−$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: OKX is 0.115% dearer against RISEx than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.813	0	get 0.0000% / 1h	57m 27s	$2.4M	$1.7M	20x
Short	OKX BZ-USDT-SWAP	97.870	0	get 0.0000% / 4h	57m 27s	$16.1M	$19.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.057%: $11.51
Slippage, 4 orders: −$5.23
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.72
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	1.64 bp	4.6 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.51 bp	6.3 bp −$6	9.6 bp −$96	30.2 bp −$3,021	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	96.970	−0.862%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	−0.0058%	4h	97.750	−0.064%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.116%	$237K	$415K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.846	+0.034%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.846	+0.033%	$148.8M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.840	+0.028%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.870	+0.058%	$16.1M	$19.8M	50x
RISEx BZ/USDClong	0.0000%	1h	97.813	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.780	−0.034%	$9.3M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.860	+0.048%	$28.1M	$18.2M	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	97.538	−0.281%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.523	−0.297%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	−0.003%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.840	+0.028%	$101K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.580	−0.238%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.840	+0.028%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	102.01	+4.291%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.388	+0.588%	—	—	—	as long as short
edgeX BZUSDC	+0.0011%	4h	97.780	−0.034%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.810	−0.003%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.840	+0.028%	$722K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.840	+0.028%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.812	−0.001%	$3K	$355	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.857	+0.045%	$155.8M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.919	+0.108%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.064%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	−0.003%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.259%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.666	−0.151%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0112%	1h	97.846	+0.034%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.815	+0.002%	$116K	—	111x	as long as short