Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.024%

Price spread now: Kraken Futures against Aster−0.037%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.948%−$95 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.037%, 7d avg +0.024%

Together, before fees−0.962%+ Points / potential airdropAster: Stage 5 · farm board−$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.061% cheaper against Aster than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.024%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.948%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.921	0	get 0.0000% / 4h	2h 00m	$336K	$998K	50x
Short	Kraken Futures PF_BRENTOILUSD	96.886	0.0253	get 0.0032% / 1h	0m 46s	$83K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.037%Rate

Funding earned: $53.1
Price spread: −0.037% → +0.024%: −$6.08
Slippage, 4 orders: −$26.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.06
Costs to cover: 0.450%
Break-even: 6.7 days

Slippage from Aster: live order book, 7 min ago; Kraken Futures: live order book, 2 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, 7 min ago	2.06 bp	6.1 bp −$6	6.3 bp −$63	58.2 bp −$5,816	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.20 bp	16.1 bp −$16	34.1 bp −$341	doesn't fit	doesn't fit

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
Injective BRENT/USDC PERP	−0.0220%	1h	95.978	−0.973%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.115%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0056%	1h	96.850	−0.073%	$33K	—	20x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.921	long leg	$336K	$998K	50x
Binance BZUSDT	0.0000%	4h	96.963	+0.043%	$146.5M	$376.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	+0.030%	$10.3M	$13.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	+0.030%	$15.9M	$20.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.850	−0.073%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.900	−0.022%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	+0.019%	$27.4M	$16.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.848	−0.075%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.891	−0.031%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.890	−0.032%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.890	−0.032%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.840	−0.084%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.890	−0.032%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.404	+0.498%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.877	−0.046%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.050%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.942	+0.022%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.94	+4.146%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.967	+0.048%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.960	+0.040%	$151.9M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.926	+0.005%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.810	−0.115%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.970	+0.050%	$3.8M	$880K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	−0.053%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0210% / S +0.0071%	1h	96.865	−0.058%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0222%	1h	96.897	−0.025%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0253%	1h	96.886	−0.037%	$83K	$218K	20x