Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Aster against Gate+0.045%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.045%, 7d avg +0.038%

Together, before fees+0.118%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.600	0	get 0.0000% / 8h	7h 16m	$9.2M	$14.4M	100x
Short	Aster BZUSDT	96.644	0	get 0.0000% / 4h	3h 16m	$336K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.038%: $0.7
Slippage, 4 orders: −$11.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.25
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	0.52 bp	11.4 bp −$11	16.4 bp −$164	31.4 bp −$3,143	45.9 bp −$23.0K
Sell Aster live order book, 1 min ago	2.07 bp	6.1 bp −$6	12.4 bp −$124	94.8 bp −$9,483	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	95.731	−0.900%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.549%	$232K	$466K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.644	+0.045%	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.641	+0.043%	$145.6M	$411.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.620	+0.021%	$10.4M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.630	+0.031%	$15.9M	$24.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.592	−0.008%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.600	long leg	$9.2M	$14.4M	100x
Bitget BZUSDT	0.0000%	4h	96.650	+0.052%	$27.6M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.559	−0.042%	$9.3M	$7.5M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.570	−0.031%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.610	+0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.650	+0.052%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.114%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.620	+0.021%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.590	−0.010%	$221K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.162	+0.582%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.646	+0.047%	$83K	$220K	20x	as long as short
BloFin BZ-USDT	+0.0027%	4h	96.620	+0.021%	$1.5M	$92K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.640	+0.041%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.643	+0.045%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.530	−0.072%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	96.598	−0.002%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.67	+4.213%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.661	+0.063%	$151.6M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.666	+0.068%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.660	+0.062%	$3.8M	$972K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.560	−0.041%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.630	+0.031%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0135%	1h	96.625	+0.026%	$121K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0377%	1h	96.588	−0.013%	$7K	$45K	5x	as long as short