Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Aster against tradeXYZ−0.042%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.042%, 7d avg −0.025%

Together, before fees−0.085%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.261	0.0050	pay 0.0006% / 1h	37m 50s	$153.0M	$124.7M	20x
Short	Aster BZUSDT	97.220	0	get 0.0000% / 4h	37m 50s	$338K	$954K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.5
Price spread: −0.042% → −0.025%: −$1.74
Slippage, 4 orders: −$5.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.71
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Aster: live order book, 25 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 tradeXYZ live order book, 12 min ago	0.05 bp	9.5 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	1.54 bp	5.5 bp −$6	12.2 bp −$122	85.9 bp −$8,588	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	96.376	−0.910%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.022%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.180	−0.083%	$1.5M	$92K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	97.270	+0.009%	$34K	—	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.220	−0.042%	$338K	$954K	50x
Binance BZUSDT	0.0000%	4h	97.220	−0.042%	$147.0M	$371.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−0.063%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	−0.052%	$16.0M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.241	−0.021%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−0.104%	$9.2M	$12.2M	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	97.210	−0.052%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.307	+0.047%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.319	+0.060%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.230	−0.032%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.220	−0.042%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.190	−0.073%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.250	−0.011%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.311	+0.052%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.763	+0.516%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−0.042%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.235	−0.027%	$678K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.25	+4.101%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.244	−0.017%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.261	long leg	$153.0M	$124.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.278	+0.017%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.170	−0.094%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	−0.022%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	+0.071%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0101%	1h	97.292	+0.032%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.242	−0.020%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0189% / S +0.0009%	1h	97.215	−0.047%	$126K	—	111x	as long as short