Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: Aster against OKX+0.144%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.144%, 7d avg −0.007%

Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.151% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	95.960	0	get 0.0000% / 4h	48m 54s	$15.8M	$26.9M	50x
Short	Aster BZUSDT	96.098	0	get 0.0000% / 4h	48m 54s	$334K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → −0.007%: $15.13
Slippage, 4 orders: −$7.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.14
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Aster: live order book, 4 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 OKX live order book, 5 min ago	0.52 bp	7.6 bp −$8	13.3 bp −$133	29.1 bp −$2,909	doesn't fit
Sell Aster live order book, 4 min ago	2.08 bp	6.1 bp −$6	10.0 bp −$100	79.0 bp −$7,895	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	95.965	+0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.616%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0135%	1h	96.014	+0.056%	$147.6M	$143.7M	20x	as long as short
BloFin BZ-USDT	−0.0051%	4h	95.960	0.000%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.104%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	95.969	+0.010%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.098	+0.144%	$334K	$1.4M	50x
Binance BZUSDT	0.0000%	4h	95.964	+0.004%	$145.7M	$470.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	+0.021%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	95.960	long leg	$15.8M	$26.9M	50x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.930	−0.031%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.970	+0.010%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	+0.003%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.980	+0.021%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.000	+0.042%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.021%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.960	0.000%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	95.963	+0.004%	$220K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.040	+0.083%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0017%	8h	95.964	+0.004%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0028%	1h	96.054	+0.098%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.010	+0.052%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.760	+3.960%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.056	+0.100%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.940	−0.021%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.980	+0.021%	$3.7M	$991K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.970	+0.010%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.008	+0.050%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0248%	1h	96.008	+0.050%	$671K	$5.2M	10x	as long as short