Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.084%

Price spread now: Aster against Deribit+0.030%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.392%+$39 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.030%, 7d avg −0.021%

Together, before fees+0.508%+ Points / potential airdropAster: Stage 5 · farm board+$51 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 0.052% dearer against Deribit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	95.970	0	get 0.0000% / 1h	27m 34s	$103K	$281K	15x
Short	Aster BZUSDT	95.999	0	get 0.0000% / 4h	2h 27m	$335K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.021%: $5.16
Slippage, 4 orders: −$8.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.62
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Deribit: live order book, 61 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 Deribit live order book, 61 min ago	0.52 bp	7.1 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	1.56 bp	6.2 bp −$6	15.1 bp −$151	88.9 bp −$8,888	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	−0.005%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.596%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.083%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0049%	4h	95.940	−0.031%	$1.5M	$97K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	95.999	+0.030%	$335K	$1.7M	50x
Binance BZUSDT	0.0000%	4h	95.965	−0.005%	$145.5M	$489.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.970	0.000%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.010%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.965	−0.006%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.920	−0.052%	$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	−0.021%	$27.5M	$24.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.981	+0.011%	$9.5M	$11.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	0.000%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	+0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	95.970	long leg	$103K	$281K	15x
HTX BRENTOIL-USDT	0.0000%	4h	95.890	−0.083%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.960	−0.010%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	95.961	−0.009%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.970	0.000%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.933	−0.039%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.251%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.034	+0.067%	$1.5M	$549K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.042%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0052%	8h	95.969	−0.001%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0100%	1h	96.037	+0.070%	$148.2M	$147.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.094%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.050	+0.083%	$25K	$270K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0154%	1h	96.021	+0.053%	$6K	$45K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	96.009	+0.040%	$81K	$263K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0384%	1h	96.040	+0.073%	$33K	—	20x	as long as short