Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Aster against GRVT−0.124%90s7-day average −0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.259% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.124%, 7d avg −0.018%

Together, before fees+0.168%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$17 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 0.106% cheaper against GRVT than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.497	0	get 0.0000% / 4h	41m 57s	$18K	$330K	25x
Short	Aster BZUSDT	97.377	0	get 0.0000% / 4h	41m 57s	$339K	$860K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.018%: −$10.61
Slippage, 4 orders: −$8.86
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.47
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from GRVT: 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 GRVT live order book, 61 min ago	0.51 bp	7.8 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	2.05 bp	6.1 bp −$6	11.0 bp −$110	82.8 bp −$8,284	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	97.155	−0.351%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.208%	$237K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0046%	4h	97.490	−0.008%	$1.5M	$95K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.377	−0.124%	$339K	$860K	50x
Binance BZUSDT	0.0000%	4h	97.360	−0.141%	$149.4M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.350	−0.151%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.350	−0.151%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.363	−0.138%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.320	−0.182%	$9.2M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.370	−0.131%	$27.9M	$18.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.366	−0.135%	$9.5M	$6.7M	—	as long as short
GRVT BZ_USDT_Perplong	0.0000%	4h	97.497	long leg	$18K	$330K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.440	−0.059%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	−0.141%	$100K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.340	−0.161%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	−0.018%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.53	+4.136%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.918	+0.431%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.359	−0.142%	$224K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	−0.151%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.361	−0.140%	$736K	$3.2M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	97.430	−0.069%	$3.1M	$1.0M	15x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.415	−0.084%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.375	−0.126%	$155.1M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.448	−0.051%	$1.6M	$411K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	97.473	−0.025%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	−0.110%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.003%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.378	−0.123%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.520	+0.023%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.365	−0.136%	$116K	—	111x	as long as short