Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against Aster+0.012%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.012%, 7d avg +0.085%

Together, before fees+0.029%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.072% cheaper against Aster than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.085%). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.689	0	get 0.0000% / 4h	3h 01m	$336K	$1.2M	50x
Short	tradeXYZ xyz:BRENTOIL	96.701	0.0050	get 0.0006% / 1h	1m 16s	$151.7M	$138.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.012%Rate

Funding earned: $10.5
Price spread: +0.012% → +0.085%: −$7.22
Slippage, 4 orders: −$5.84
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.56
Costs to cover: 0.318%
Break-even: 26.0 days

Slippage from Aster: live order book, 2 min ago; tradeXYZ: live order book, 9 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, 2 min ago	2.07 bp	6.1 bp −$6	7.0 bp −$70	74.3 bp −$7,435	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.21 bp	9.7 bp −$10	11.0 bp −$110	doesn't fit	doesn't fit

BZ on 31 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	95.731	−0.991%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.040%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.020%	$1.5M	$91K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.689	long leg	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.687	−0.002%	$145.8M	$402.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.670	−0.020%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.670	−0.020%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.666	−0.023%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.640	−0.051%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.700	+0.011%	$27.6M	$17.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.668	−0.022%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.014%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	+0.022%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	+0.022%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.660	−0.030%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	+0.011%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.213	+0.542%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	+0.010%	$221K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.690	+0.001%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.709	+0.021%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.680	−0.009%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.683	−0.006%	$720K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.73	+4.179%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.667	−0.022%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.701	+0.012%	$151.7M	$138.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.729	+0.041%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.660	−0.030%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.730	+0.042%	$3.8M	$926K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.053%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0122%	1h	96.685	−0.004%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0324%	1h	96.730	+0.043%	$7K	$44K	5x	as long as short