Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Aster against Bybit+0.031%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.031%, 7d avg +0.001%

Together, before fees+0.062%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.170	0	get 0.0000% / 8h	3h 57m	$10.4M	$12.8M	100x
Short	Aster BZUSDT	97.201	0	get 0.0000% / 4h	3h 57m	$338K	$933K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.001%: $3.02
Slippage, 4 orders: −$9.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.51
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Aster: 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 Bybit live order book, 1 min ago	0.51 bp	9.1 bp −$9	12.1 bp −$121	94.0 bp −$9,395	doesn't fit
Sell Aster live order book, 1 min ago	2.06 bp	6.1 bp −$6	9.9 bp −$99	85.9 bp −$8,594	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	96.333	−0.861%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.123%	$233K	$438K	15x	as long as short
BloFin BZ-USDT	−0.0047%	4h	97.200	+0.031%	$1.5M	$92K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.201	+0.031%	$338K	$933K	50x
Binance BZUSDT	0.0000%	4h	97.190	+0.021%	$147.2M	$369.4M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.170	long leg	$10.4M	$12.8M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.190	+0.021%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.183	+0.013%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.150	−0.021%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.180	+0.010%	$27.8M	$16.6M	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	97.028	−0.146%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.128	−0.043%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.190	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	+0.031%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	−0.093%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.190	+0.021%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.094	−0.078%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.738	+0.585%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.21	+4.158%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.200	+0.031%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.205	+0.036%	$679K	$4.2M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.190	+0.021%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.179	+0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.222	+0.054%	$153.3M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.228	+0.060%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.110	−0.062%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.223	+0.055%	$84K	$206K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.220	+0.051%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.110	−0.062%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0123%	1h	97.098	−0.075%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0224% / S −0.0228%	1h	97.185	+0.015%	$126K	—	111x	as long as short