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 −0.037%

Price spread now: Polymarket Perps against Aster+0.035%46s7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.405%+$41 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.035%, 7d avg +0.090%

Together, before fees+0.397%+ Points / potential airdropAster: Stage 5 · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.055% cheaper against Aster than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.090%). If the spread goes back, that is −$6 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.405% in total) that is about 23 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	95.999	0	get 0.0000% / 4h	2h 27m	$335K	$1.7M	50x
Short	Polymarket Perps BRENTOIL-USD	96.033	0.0050	get 0.0006% / 1h	27m 44s	$1.5M	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $10.5
Price spread: +0.035% → +0.090%: −$5.55
Slippage, 4 orders: −$10.97
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.02
Costs to cover: 0.270%
Break-even: 21.7 days

Slippage from Aster: live order book, just now; Polymarket Perps: live order book, 1 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, just now	1.56 bp	6.5 bp −$6	7.4 bp −$74	95.0 bp −$9,501	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.60 bp	7.7 bp −$8	7.9 bp −$79	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0656% / S +0.0456%	1h	95.965	−0.036%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.627%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.053%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0049%	4h	95.940	−0.062%	$1.5M	$97K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	95.999	long leg	$335K	$1.7M	50x
Binance BZUSDT	0.0000%	4h	95.965	−0.036%	$145.5M	$489.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.970	−0.031%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.041%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.960	−0.041%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.920	−0.083%	$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	95.950	−0.052%	$27.5M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.981	−0.020%	$9.5M	$11.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	−0.031%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	−0.020%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.970	−0.031%	$103K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.890	−0.114%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.960	−0.041%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	95.961	−0.040%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.970	−0.031%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.936	−0.066%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.219%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.033	+0.035%	$1.5M	$549K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.072%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0052%	8h	95.969	−0.032%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0100%	1h	96.037	+0.039%	$148.2M	$147.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.124%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.050	+0.053%	$25K	$270K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0154%	1h	96.021	+0.022%	$6K	$45K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	96.009	+0.009%	$81K	$263K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0464%	1h	96.040	+0.042%	$33K	—	20x	as long as short