Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Aster against SunX−0.028%46s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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−$610.611% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.028%, 7d avg −0.031%

Together, before fees+0.365%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	96.890	0	get 0.0000% / 4h	1h 40m	$4K	$2.5M	20x
Short	Aster BZUSDT	96.863	0	get 0.0000% / 4h	1h 40m	$336K	$984K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.031%: $0.32
Slippage, 4 orders: −$45.14
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.82
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Aster: live order book, 27 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 SunX live order book, 7 min ago	18.57 bp	22.6 bp −$23	30.6 bp −$306	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	2.06 bp	6.1 bp −$6	10.7 bp −$107	84.3 bp −$8,432	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	96.207	−0.705%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.083%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.900	+0.010%	$33K	—	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.863	−0.028%	$336K	$984K	50x
Binance BZUSDT	0.0000%	4h	96.890	0.000%	$146.6M	$374.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.880	−0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.880	−0.010%	$15.9M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.880	−0.010%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.830	−0.062%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.890	0.000%	$27.4M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.846	−0.045%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.882	−0.009%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.890	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.880	−0.010%	$103K	$240K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.860	−0.031%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.870	−0.021%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.420	+0.547%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.851	−0.040%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.880	−0.010%	$3.3M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.893	+0.003%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0045%	1h	100.94	+4.180%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0047%	4h	96.870	−0.021%	$1.5M	$86K	50x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.877	−0.014%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.918	+0.029%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.949	+0.061%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.810	−0.083%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.940	+0.052%	$3.8M	$874K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	0.000%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0054%	1h	96.865	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0193%	1h	96.910	+0.020%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.884	−0.006%	$83K	$218K	20x	as long as short