Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h +0.003%

Price spread now: Bybit against Aster+0.007%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.007%, 7d avg −0.002%

Together, before fees−0.110%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	94.064	0	get 0.0000% / 4h	1h 58m	$359K	$791K	50x
Short	Bybit BZUSDT	94.070	−0.0091	pay 0.0091% / 8h	5h 58m	$10.6M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$19.03
Price spread: +0.007% → −0.002%: $0.83
Slippage, 4 orders: −$12.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.76
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Aster: live order book, 52 min ago; Bybit: 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 Aster live order book, 52 min ago	2.61 bp	6.6 bp −$7	9.6 bp −$96	127.6 bp −$12.8K	doesn't fit
Sell Bybit live order book, 3 min ago	0.53 bp	8.7 bp −$9	11.9 bp −$119	82.5 bp −$8,245	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.240%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0706%	1h	94.010	−0.057%	$46K	$375K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.076	+0.013%	$94K	$260K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.181	+0.124%	$2.3M	$2.0M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.821%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0110%	1h	94.054	−0.010%	$126.9M	$177.7M	20x	as long as short
Lighter BRENTOIL	−0.0104%	1h	94.080	+0.017%	$3.4M	$5.5M	20x	as long as short
Bybit BZUSDTshort	−0.0091%	8h	94.070	+0.007%	$10.6M	$16.4M	100x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.200	+0.145%	$284K	$884K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0062%	1h	94.130	+0.070%	$3.0M	$1.1M	15x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BZ-USDT	−0.0056%	4h	94.300	+0.251%	$1.5M	$109K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0056%	4h	95.287	+1.300%	$13K	$308K	25x	as long as short
Binance BZUSDT	−0.0016%	4h	94.080	+0.017%	$145.7M	$458.8M	100x	as long as short
Aster BZUSDTlong	0.0000%	4h	94.064	long leg	$359K	$791K	50x
OKX BZ-USDT-SWAP	0.0000%	4h	94.070	+0.007%	$15.8M	$27.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.020	−0.047%	$8.9M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.090	+0.028%	$27.9M	$29.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.763	+0.743%	$9.1M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.190	+0.134%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.300	+0.251%	$269K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.390	+0.347%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	94.840	+0.825%	$218K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.596	+0.566%	—	—	—	as long as short
Polymarket Perps BRENTOIL-USD	+0.0016%	1h	94.106	+0.045%	$1.5M	$395K	20x	as long as short
Vest BZ-PERP	+0.0017%	1h	97.820	+3.993%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	94.198	+0.143%	$1K	$2K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	94.112	+0.051%	$657K	$3.6M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0032%	1h	94.736	+0.714%	$7K	$38K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.100	+0.038%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.640	+0.613%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.245	+0.193%	$32K	—	111x	as long as short