Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.022%

Price spread now: Aster against ApeX Omni+0.135%69s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.513% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.135%, 7d avg −0.019%

Together, before fees−0.342%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.154% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.019%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	95.970	0.0100	pay 0.0013% / 1h	48m 21s	$25K	$271K	50x
Short	Aster BZUSDT	96.100	0	get 0.0000% / 4h	48m 21s	$334K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$21
Price spread: +0.135% → −0.019%: $15.4
Slippage, 4 orders: −$33.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.86
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Aster: live order book, 5 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 ApeX Omni live order book, 29 min ago	8.85 bp	19.2 bp −$19	183.2 bp −$1,832	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.08 bp	6.1 bp −$6	10.0 bp −$100	79.0 bp −$7,895	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	95.975	+0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.626%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0147%	1h	96.018	+0.050%	$147.6M	$143.7M	20x	as long as short
BloFin BZ-USDT	−0.0051%	4h	95.960	−0.010%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.094%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	95.970	0.000%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.100	+0.135%	$334K	$1.4M	50x
Binance BZUSDT	0.0000%	4h	95.980	+0.010%	$145.7M	$470.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	+0.010%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.010%	$15.8M	$26.9M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.930	−0.042%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.970	0.000%	$27.4M	$21.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.007%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.980	+0.010%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.990	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.010	+0.042%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.031%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.960	−0.010%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	95.963	−0.007%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0014%	8h	95.960	−0.010%	$3K	$521	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.040	+0.073%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	96.054	+0.088%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.010	+0.042%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.750	+3.939%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.056	+0.090%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.940	−0.031%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.980	+0.010%	$3.7M	$991K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	95.970	long leg	$25K	$271K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.008	+0.039%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0216%	1h	96.007	+0.039%	$671K	$5.2M	10x	as long as short