Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.006%

Price spread now: gTrade (Gains Network) against Aster+0.570%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.570% dearer against Aster than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.314	0	get 0.0000% / 4h	42m 03s	$338K	$954K	50x
Short	gTrade (Gains Network) BRENT/USD	97.869	L +0.0011% / S −0.0011%	get 0.0001% / 1h	42m 03s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.570%Rate

Funding earned: $2.34
Price spread: +0.570% → 0.000%: $57.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $41.35
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 21 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 21 min ago	1.54 bp	6.4 bp −$6	8.8 bp −$88	84.3 bp −$8,428	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	96.376	−0.964%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.076%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.370	+0.057%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0012%	4h	97.330	+0.016%	$1.5M	$92K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.314	long leg	$338K	$954K	50x
Binance BZUSDT	0.0000%	4h	97.322	+0.008%	$147.1M	$371.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.300	−0.015%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	−0.004%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.316	+0.002%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.280	−0.035%	$9.2M	$12.2M	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	97.340	+0.026%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.257	−0.059%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.295	−0.020%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.340	+0.026%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.330	+0.016%	$104K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.290	−0.025%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.016%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.213	−0.104%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.869	+0.570%	—	—	—
Lighter BRENTOIL	+0.0032%	1h	97.340	+0.026%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.343	+0.029%	$678K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0035%	1h	101.36	+4.157%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.326	+0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.351	+0.038%	$152.9M	$124.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.377	+0.064%	$1.6M	$494K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.260	−0.056%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.350	+0.037%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.320	+0.006%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0102%	1h	97.314	0.000%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.343	+0.030%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.325	+0.011%	$126K	—	111x	as long as short