Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: ApeX Omni against Aster−0.025%89s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$520.520% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.025%, 7d avg +0.016%

Together, before fees+0.206%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.016%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day). The two prices were read 89 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	Aster BZUSDT	97.194	0	get 0.0000% / 4h	3h 52m	$338K	$933K	50x
Short	ApeX Omni BZUSDT	97.170	0.0100	get 0.0013% / 1h	52m 09s	$25K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: $21
Price spread: −0.025% → +0.016%: −$4.03
Slippage, 4 orders: −$33.95
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.98
Costs to cover: 0.520%
Break-even: 18.7 days

Slippage from Aster: live order book, 6 min ago; ApeX Omni: live order book, 65 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 Aster live order book, 6 min ago	2.06 bp	6.1 bp −$6	6.5 bp −$65	80.3 bp −$8,030	doesn't fit
Sell ApeX Omni live order book, 65 min ago	8.73 bp	19.2 bp −$19	202.3 bp −$2,023	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	96.333	−0.886%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.148%	$233K	$438K	15x	as long as short
BloFin BZ-USDT	−0.0003%	4h	97.180	−0.014%	$1.5M	$92K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.194	long leg	$338K	$933K	50x
Binance BZUSDT	0.0000%	4h	97.190	−0.004%	$147.2M	$368.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.180	−0.014%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.200	+0.006%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	+0.013%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.220	+0.027%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.150	−0.045%	$9.2M	$12.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.190	−0.004%	$27.8M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.168	−0.027%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.008%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	+0.016%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	+0.006%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.056%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.200	+0.006%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.168	−0.027%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.753	+0.576%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.24	+4.163%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.210	+0.016%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.219	+0.025%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.211	+0.017%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.231	+0.038%	$153.4M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.238	+0.045%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.130	−0.066%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.208	+0.014%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.058%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.170	−0.025%	$25K	$274K	50x
Aftermath Perps BRENTUSD	+0.0112%	1h	97.171	−0.023%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0228% / S −0.0256%	1h	97.185	−0.009%	$126K	—	111x	as long as short