Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.048%

Price spread now: Ondo Perps against Aster−0.055%7-day average −0.038% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.055%, 7d avg −0.038%

Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	95.982	0	get 0.0000% / 4h	2h 21m	$335K	$1.7M	50x
Short	Ondo Perps BRENT-USD.P	95.930	0.0050	get 0.0006% / 1h	21m 26s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.055%Rate

Funding earned: $10.58
Price spread: −0.055% → −0.038%: −$1.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.09
Costs to cover: 0.130%
Break-even: 9.7 days

Slippage unknown: Aster: live order book, 2 min ago; Ondo Perps: 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	1.56 bp	6.5 bp −$6	7.1 bp −$71	85.5 bp −$8,547	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 −0.0684% / S +0.0461%	1h	95.925	−0.060%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.609%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.070%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0043%	4h	95.960	−0.023%	$1.5M	$97K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	95.982	long leg	$335K	$1.7M	50x
Binance BZUSDT	0.0000%	4h	95.921	−0.064%	$145.5M	$488.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.930	−0.055%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.930	−0.055%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.925	−0.060%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.890	−0.096%	$9.1M	$19.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.920	−0.065%	$27.5M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.922	−0.063%	$9.5M	$11.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.951	−0.033%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	−0.044%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.970	−0.013%	$102K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.900	−0.086%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.920	−0.065%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0015%	4h	95.947	−0.037%	$220K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	−0.044%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.935	−0.049%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.238%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	95.950	−0.034%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.999	+0.017%	$148.2M	$146.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.017	+0.036%	$1.5M	$542K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	95.930	−0.055%	$3.0M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	95.910	−0.075%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.040	+0.060%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.967	−0.016%	$81K	$263K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0171%	1h	96.021	+0.040%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0456%	1h	96.010	+0.029%	$33K	—	20x	as long as short