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 +0.002%

Price spread now: Bitget against Aster−0.006%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.006%, 7d avg +0.022%

Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Bitget is 0.028% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.965	0	get 0.0000% / 4h	1h 56m	$337K	$998K	50x
Short	Bitget BZUSDT	96.960	0	get 0.0000% / 4h	1h 56m	$27.4M	$16.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.022%: −$2.79
Slippage, 4 orders: −$7.28
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.07
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Aster: live order book, 12 min ago; Bitget: live order book, 3 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 Aster live order book, 12 min ago	2.06 bp	6.1 bp −$6	6.3 bp −$63	58.2 bp −$5,816	doesn't fit
Sell Bitget live order book, 3 min ago	0.51 bp	7.0 bp −$7	9.6 bp −$96	25.9 bp −$2,592	67.1 bp −$33.6K

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.782%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.160%	$234K	$425K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.965	long leg	$337K	$998K	50x
Binance BZUSDT	0.0000%	4h	96.962	−0.003%	$146.6M	$376.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.016%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.970	+0.005%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.972	+0.006%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−0.036%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	96.960	−0.006%	$27.4M	$16.2M	100x
Variational Omni BZ	0.0000%	4h	96.939	−0.027%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.008	+0.044%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.980	+0.015%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	+0.005%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.930	−0.036%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	+0.046%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.501	+0.553%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	96.842	−0.127%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.005%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.974	+0.008%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.01	+4.171%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.962	−0.003%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.978	+0.013%	$151.9M	$127.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.015	+0.051%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.067%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.067%	$3.8M	$878K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.980	+0.015%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.990	+0.025%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0211% / S +0.0067%	1h	96.965	0.000%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	96.935	−0.032%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.004	+0.040%	$84K	$218K	20x	as long as short