Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Aster against RISEx−0.024%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.161%−$16 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.024%, 7d avg −0.047%

Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · farm board−$16 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 0.023% dearer against RISEx than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	95.970	0	get 0.0000% / 1h	5m 57s	$2.2M	$1.3M	20x
Short	Aster BZUSDT	95.947	0	get 0.0000% / 4h	2h 05m	$333K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.047%: $2.33
Slippage, 4 orders: −$9.11
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.79
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Aster: live order book, 2 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 RISEx live order book, 3 min ago	0.94 bp	4.7 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.09 bp	8.4 bp −$8	14.0 bp −$140	89.1 bp −$8,906	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 −0.0759% / S +0.0474%	1h	95.975	+0.005%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.049%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.083%	$232K	$859K	15x	as long as short
Paradex BZ-USD-PERP	−0.0006%	8h	95.960	−0.011%	$3K	$521	5x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.890	−0.083%	$1.5M	$96K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	95.947	−0.024%	$333K	$1.5M	50x
Binance BZUSDT	0.0000%	4h	95.980	+0.010%	$145.7M	$491.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.970	0.000%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	−0.021%	$15.8M	$29.9M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	95.970	long leg	$2.2M	$1.3M	20x

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	−0.042%	$9.2M	$19.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.970	0.000%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.060%	$9.5M	$10.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	−0.079%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.000	+0.031%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.000	+0.031%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.920	−0.052%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.970	0.000%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.895	−0.078%	$219K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.000	+0.031%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.978	+0.009%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.251%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.000	+0.031%	$148.0M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.999	+0.030%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.880	−0.094%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.870	−0.104%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.890	−0.083%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.995	+0.026%	$81K	$258K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0192%	1h	95.990	+0.021%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	95.890	−0.083%	$6K	$45K	5x	as long as short