Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.054%

Price spread now: Aster against Extended+0.074%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.074%, 7d avg −0.024%

Together, before fees−0.056%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.098% dearer against Extended than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.024%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.004% in total) that is about 6 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.139	0.0240	pay 0.0030% / 1h	0m 11s	$772K	$5.3M	10x
Short	Aster BZUSDT	96.210	0	get 0.0000% / 4h	0m 11s	$334K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$50.4
Price spread: +0.074% → −0.024%: $9.83
Slippage, 4 orders: −$16.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$69.91
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Aster: live order book, 3 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 Extended live order book, 4 min ago	1.92 bp	5.3 bp −$5	21.5 bp −$215	doesn't fit	doesn't fit
Sell Aster live order book, 3 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	96.225	+0.090%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.681%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0136%	1h	96.260	+0.126%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.071%	$232K	$484K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.208	+0.072%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0010%	4h	96.200	+0.064%	$1.5M	$95K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.210	+0.074%	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.230	+0.095%	$145.8M	$443.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.250	+0.116%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.220	+0.085%	$15.8M	$25.9M	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	96.180	+0.043%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	+0.095%	$27.6M	$19.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.202	+0.066%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.230	+0.095%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.230	+0.095%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.260	+0.126%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.200	+0.064%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.300	+0.168%	$1.2M	$95K	100x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.222	+0.087%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0035%	8h	96.235	+0.100%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.23	+4.256%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.271	+0.138%	$151.1M	$143.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.286	+0.153%	$1.5M	$523K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0096%	1h	96.266	+0.133%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.130	−0.009%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.250	+0.116%	$25K	$272K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.291	+0.158%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0216%	1h	96.230	+0.095%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USDlong	+0.0240%	1h	96.139	long leg	$772K	$5.3M	10x
Ondo Perps BRENT-USD.P	+0.0378%	1h	96.170	+0.033%	$3.1M	$1.1M	15x	as long as short