Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.005%

Price spread now: Aster against gTrade (Gains Network)−0.542%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aster is 0.542% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.305	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	22m 09s	—	—	—
Short	Aster BZUSDT	96.778	0	get 0.0000% / 4h	2h 22m	$336K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.542%Rate

Funding earned: −$2.4
Price spread: −0.542% → 0.000%: −$54.22
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$74.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 1 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	1.55 bp	5.5 bp −$6	8.2 bp −$82	91.3 bp −$9,130	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.070	−1.269%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.509%	$234K	$426K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.778	−0.542%	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.763	−0.557%	$146.3M	$380.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.750	−0.570%	$10.3M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	−0.560%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.751	−0.569%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.720	−0.601%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.770	−0.550%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.749	−0.571%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.783	−0.536%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.770	−0.550%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.800	−0.519%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.730	−0.591%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.760	−0.560%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.760	−0.560%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.305	long leg	—	—	—
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.780	−0.540%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.780	−0.540%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.784	−0.535%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+3.592%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.752	−0.569%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.787	−0.532%	$151.5M	$127.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.821	−0.498%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.581%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	−0.478%	$3.8M	$891K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.760	−0.560%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0207% / S +0.0089%	1h	96.775	−0.545%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0249%	1h	96.814	−0.505%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.776	−0.544%	$83K	$218K	20x	as long as short