Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0184%/8h= +20.1% APRpaid last 24h +0.042%

Price spread now: Aster against Hotstuff+0.025%52s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.025% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Hotstuff BRENTOIL-PERP	95.910	−0.0184	get 0.0023% / 1h	37m 46s	$33K	—	20x
Short	Aster BZUSDT	95.934	0	get 0.0000% / 4h	1h 37m	$333K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $38.64
Price spread: +0.025% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $28.19
Costs to cover: 0.130%
Break-even: 1.9 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, just now. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, just now	2.09 bp	6.1 bp −$6	13.7 bp −$137	88.5 bp −$8,852	doesn't fit

Hotstuff: 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
Ondo Perps BRENT-USD.P	−0.0394%	1h	95.900	−0.010%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.690%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERPlong	−0.0184%	1h	95.910	long leg	$33K	—	20x
GMX BRENTOIL/USD [ETH-USDC]	L −0.0099% / S +0.0137%	1h	95.895	−0.016%	$33K	—	29x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.915	+0.006%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0039%	4h	95.880	−0.031%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	95.879	−0.032%	$34K	$388K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.146%	$232K	$661K	15x	as long as short
Paradex BZ-USD-PERP	−0.0003%	8h	95.927	+0.017%	$3K	$521	5x	as long as short
Lighter BRENTOIL	0.0000%	1h	95.910	0.000%	$3.3M	$4.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDTshort	0.0000%	4h	95.934	+0.025%	$333K	$1.5M	50x
Binance BZUSDT	0.0000%	4h	95.930	+0.021%	$145.5M	$480.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.920	+0.010%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	+0.010%	$15.8M	$27.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.031%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.900	−0.010%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.874	−0.038%	$9.2M	$8.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.920	+0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.930	+0.021%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.840	−0.073%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.900	−0.010%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0005%	1h	95.884	−0.027%	$5K	$45K	5x	as long as short
edgeX BZUSDC	+0.0013%	4h	95.872	−0.040%	$219K	$233K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.894	−0.016%	$670K	$5.3M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0045%	1h	95.963	+0.055%	$147.5M	$146.5M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.00	+4.264%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.966	+0.058%	$1.5M	$526K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.950	+0.042%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.900	−0.010%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.940	+0.031%	$81K	$240K	20x	as long as short