Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%

Price spread now: Gate against Aster−0.099%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.099%, 7d avg −0.038%

Together, before fees−0.229%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.061% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.025	0	get 0.0000% / 4h	2h 34m	$331K	$1.7M	50x
Short	Gate BZ_USDT	95.930	0	get 0.0000% / 8h	2h 34m	$9.1M	$19.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.038%: −$6.11
Slippage, 4 orders: −$11.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.42
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	2.09 bp	6.1 bp −$6	9.2 bp −$92	71.3 bp −$7,126	doesn't fit
Sell Gate live order book, 4 min ago	0.52 bp	12.2 bp −$12	22.1 bp −$221	33.4 bp −$3,339	45.7 bp −$22.9K

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 −0.0623% / S +0.0450%	1h	95.995	−0.032%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.653%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.026%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0020%	4h	95.940	−0.089%	$1.5M	$97K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.025	long leg	$331K	$1.7M	50x
Binance BZUSDT	0.0000%	4h	95.979	−0.048%	$145.3M	$488.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	−0.047%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.068%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.980	−0.047%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.930	−0.099%	$9.1M	$19.1M	100x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.950	−0.078%	$27.6M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.002	−0.025%	$9.5M	$11.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.996	−0.031%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.020	−0.006%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.030	+0.005%	$102K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.950	−0.078%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.990	−0.037%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	95.991	−0.036%	$220K	$233K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.956	−0.072%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.191%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.075	+0.052%	$1.5M	$543K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.920	−0.110%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0054%	8h	95.983	−0.044%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0080%	1h	96.000	−0.026%	$3.3M	$4.3M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.010	−0.016%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.050	+0.026%	$25K	$270K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0143%	1h	96.053	+0.029%	$6K	$45K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	96.042	+0.017%	$81K	$263K	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0200%	1h	96.050	+0.026%	$148.5M	$146.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0488%	1h	96.080	+0.057%	$33K	—	20x	as long as short