Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.074%

Price spread now: Aster against Coinbase International+0.152%7-day average +0.093% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.152%, 7d avg +0.093%

Together, before fees+0.195%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.059% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	96.070	−0.0040	get 0.0005% / 1h	2m 04s	$232K	$486K	15x
Short	Aster BZUSDT	96.216	0	get 0.0000% / 4h	2m 04s	$334K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.152%Rate

Funding earned: $8.4
Price spread: +0.152% → +0.093%: $5.87
Slippage, 4 orders: −$12.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.13
Costs to cover: 0.304%
Break-even: 20.4 days

Slippage from Coinbase International: live order book, 11 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 Coinbase International live order book, 11 min ago	1.56 bp	6.7 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.64 bp	9.5 bp −$9	14.9 bp −$149	91.9 bp −$9,192	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 −0.0848% / S +0.0467%	1h	96.245	+0.182%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.610%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0120%	1h	96.270	+0.208%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.270	+0.208%	$103K	$275K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0040%	1h	96.070	long leg	$232K	$486K	15x
RISEx BZ/USDC	−0.0020%	1h	96.228	+0.164%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.216	+0.152%	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.234	+0.171%	$145.8M	$449.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.250	+0.187%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.230	+0.167%	$15.8M	$26.1M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.200	+0.135%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	+0.167%	$27.6M	$20.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.212	+0.148%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.230	+0.167%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.260	+0.198%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.200	+0.135%	$306K	$250K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.250	+0.187%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.213	+0.148%	$220K	$233K	20x	as long as short
BloFin BZ-USDT	+0.0016%	4h	96.220	+0.156%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0034%	8h	96.237	+0.174%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.820	+3.903%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.282	+0.221%	$151.1M	$143.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.298	+0.237%	$1.5M	$525K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	96.266	+0.204%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.150	+0.083%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.250	+0.187%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.289	+0.228%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0224%	1h	96.240	+0.177%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0280%	1h	96.138	+0.070%	$772K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0380%	1h	96.220	+0.156%	$3.1M	$1.1M	15x	as long as short