Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.017%

Price spread now: Extended against Aster+0.006%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.006%, 7d avg −0.013%

Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$1 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	97.156	0	get 0.0000% / 4h	3h 57m	$338K	$933K	50x
Short	Extended XBR-USD	97.162	0.0032	get 0.0004% / 1h	57m 39s	$679K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.006%Rate

Funding earned: $6.72
Price spread: +0.006% → −0.013%: $1.81
Slippage, 4 orders: −$6.93
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.4
Costs to cover: 0.199%
Break-even: 18.9 days

Slippage from Aster: live order book, just now; Extended: 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 Aster live order book, just now	2.06 bp	6.1 bp −$6	6.5 bp −$65	80.3 bp −$8,030	doesn't fit
Sell Extended live order book, 1 min ago	1.08 bp	3.6 bp −$4	12.3 bp −$123	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	96.433	−0.744%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.109%	$233K	$438K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.156	long leg	$338K	$933K	50x
Binance BZUSDT	0.0000%	4h	97.180	+0.025%	$147.1M	$369.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.150	−0.006%	$10.4M	$12.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.190	+0.035%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.098	−0.060%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	−0.047%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.180	+0.025%	$27.8M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.028	−0.132%	$9.4M	$6.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.050	−0.109%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.130	−0.027%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.160	+0.004%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	−0.078%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.190	+0.035%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	97.110	−0.047%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.697	+0.556%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.030	−0.130%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.15	+4.111%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+0.014%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.162	+0.006%	$679K	$4.2M	10x
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.130	−0.027%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.179	+0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.191	+0.036%	$153.3M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.163	+0.007%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.110	−0.047%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.137	−0.020%	$84K	$206K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.190	+0.035%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.040	−0.119%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.081	−0.078%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0223% / S −0.0223%	1h	97.135	−0.022%	$126K	—	111x	as long as short