Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.118%

Price spread now: Injective against Aster−0.756%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.756% cheaper against Aster than usual: you would sell low and buy high (−$76 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.211	0	get 0.0000% / 4h	0m 43s	$334K	$1.2M	50x
Short	Injective BRENT/USDC PERP	95.484	−0.0220	pay 0.0028% / 1h	0m 43s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.756%Rate

Funding earned: −$46.2
Price spread: −0.756% → 0.000%: −$75.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$129.78
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Injective: 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, 2 min ago	3.64 bp	7.6 bp −$8	9.1 bp −$91	79.0 bp −$7,899	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	+0.015%	$120K	—	111x	as long as short
Injective BRENT/USDC PERPshort	−0.0220%	1h	95.484	−0.756%	$8K	$7K	30x
Hotstuff BRENTOIL-PERP	−0.0120%	1h	96.280	+0.072%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.240	+0.030%	$103K	$272K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.147%	$232K	$486K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.204	−0.007%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0010%	4h	96.200	−0.011%	$1.5M	$95K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.211	long leg	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.235	+0.025%	$145.8M	$444.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.250	+0.041%	$10.4M	$16.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.210	−0.001%	$15.8M	$26.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.180	−0.032%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	+0.020%	$27.6M	$20.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.202	−0.009%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.230	+0.020%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.230	+0.020%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.200	−0.011%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.290	+0.082%	$1.2M	$95K	100x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.222	+0.011%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0034%	8h	96.219	+0.008%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.105%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.275	+0.067%	$151.1M	$143.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.271	+0.062%	$1.5M	$523K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0096%	1h	96.266	+0.058%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.130	−0.084%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.250	+0.041%	$25K	$272K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.278	+0.070%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0224%	1h	96.230	+0.020%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0264%	1h	96.138	−0.076%	$772K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0378%	1h	96.190	−0.022%	$3.1M	$1.1M	15x	as long as short