Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Aster against Polymarket Perps−0.039%46s7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$260.260% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

Price spread, last 7 days−0.185%−$18 · spread now −0.039%, 7d avg −0.113%

Together, before fees−0.586%+ Points / potential airdropAster: Stage 5 · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.074% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.113%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.402% in total) that is about 31 hours. The two prices were read 46 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	Polymarket Perps BRENTOIL-USD	97.661	0.0050	pay 0.0006% / 1h	16m 41s	$1.6M	$463K	20x
Short	Aster BZUSDT	97.623	0	get 0.0000% / 4h	2h 16m	$339K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$10.5
Price spread: −0.039% → −0.113%: $7.44
Slippage, 4 orders: −$10.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.08
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Aster: live order book, 36 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 Polymarket Perps live order book, 2 min ago	2.41 bp	6.4 bp −$6	7.9 bp −$79	13.5 bp −$1,352	doesn't fit
Sell Aster live order book, 36 min ago	2.05 bp	6.1 bp −$6	10.8 bp −$108	84.3 bp −$8,426	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	96.939	−0.739%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.134%	$235K	$430K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0088%	1h	97.640	−0.022%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0044%	4h	97.600	−0.062%	$1.5M	$95K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.623	−0.039%	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.625	−0.037%	$147.7M	$361.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.610	−0.052%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.640	−0.022%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.597	−0.065%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.580	−0.083%	$9.3M	$11.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.620	−0.042%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.558	−0.106%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.640	−0.022%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.670	+0.009%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−0.042%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.600	−0.062%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.052%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.540	−0.124%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.610	−0.052%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.163	+0.514%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	101.68	+4.115%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.620	−0.042%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.620	−0.042%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.619	−0.043%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.650	−0.011%	$154.3M	$124.1M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.661	long leg	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.580	−0.083%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0066%	1h	97.640	−0.021%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.650	−0.011%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.620	−0.042%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0326% / S −0.2720%	1h	97.615	−0.047%	$116K	—	111x	as long as short