Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0555%/8h= −60.8% APRpaid last 24h +0.029%

Price spread now: Aster against Kraken Futures+0.021%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.947%+$95 on $10k

Price spread, last 3 days (all we have)+0.175%+$17 · spread now +0.021%, 7d avg −0.021%

Together, before fees+1.122%+ Points / potential airdropAster: Stage 5 · farm board+$112 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.042% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.021%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.947%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	96.050	0.0555	pay 0.0069% / 1h	19m 40s	$81K	$235K	20x
Short	Aster BZUSDT	96.070	0	get 0.0000% / 4h	1h 19m	$334K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$116.53
Price spread: +0.021% → −0.021%: $4.19
Slippage, 4 orders: −$30.19
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$160.53
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 63 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 Kraken Futures live order book, 63 min ago	6.41 bp	16.9 bp −$17	27.1 bp −$271	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.08 bp	6.1 bp −$6	11.0 bp −$110	87.3 bp −$8,726	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	96.005	−0.047%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−1.004%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0096%	1h	95.990	−0.062%	$3.0M	$1.1M	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.996	−0.057%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	0.000%	$232K	$638K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.070	+0.021%	$334K	$1.5M	50x
Binance BZUSDT	0.0000%	4h	96.063	+0.014%	$145.7M	$477.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.060	+0.010%	$10.3M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.010	−0.042%	$15.8M	$27.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.020	−0.031%	$9.2M	$18.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.030	−0.021%	$27.4M	$21.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.090%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.929	−0.126%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	−0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.030	−0.021%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.094%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.000	−0.052%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.921	−0.134%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0003%	1h	95.997	−0.055%	$5K	$45K	5x	as long as short
BloFin BZ-USDT	+0.0003%	4h	95.930	−0.125%	$1.5M	$95K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	96.040	−0.010%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0015%	8h	96.039	−0.012%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.990	−0.062%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.919	−0.137%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.02	+4.133%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.105	+0.057%	$147.8M	$146.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.062	+0.013%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.090	+0.042%	$3.8M	$998K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.900	−0.156%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0555%	1h	96.050	long leg	$81K	$235K	20x