Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.045%

Price spread now: Hotstuff against Aster+0.069%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (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 · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.069% dearer against Aster than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.213	0	get 0.0000% / 4h	5m 08s	$334K	$1.2M	50x
Short	Hotstuff BRENTOIL-PERP	96.280	−0.0104	pay 0.0013% / 1h	5m 08s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$21.84
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$27.9
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; Hotstuff: 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, 3 min ago	3.64 bp	7.6 bp −$8	10.3 bp −$103	87.9 bp −$8,786	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 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 −0.0848% / S +0.0467%	1h	96.225	+0.012%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.758%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0104%	1h	96.280	+0.069%	$33K	—	20x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.250	+0.038%	$103K	$275K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.149%	$232K	$533K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.224	+0.011%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.213	long leg	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.230	+0.017%	$145.9M	$450.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.250	+0.038%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.220	+0.007%	$15.8M	$26.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.190	−0.024%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.240	+0.028%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.212	−0.001%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.167	−0.048%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.250	+0.038%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.210	−0.003%	$306K	$250K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.230	+0.017%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.213	−0.001%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0033%	8h	96.228	+0.015%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0043%	4h	96.220	+0.007%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.800	+3.728%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.273	+0.062%	$151.1M	$143.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.292	+0.082%	$1.5M	$525K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	96.266	+0.055%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.140	−0.076%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.250	+0.038%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.269	+0.058%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0232%	1h	96.220	+0.007%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0352%	1h	96.135	−0.081%	$772K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0376%	1h	96.190	−0.024%	$3.1M	$1.1M	15x	as long as short