Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Bybit against Aster−0.038%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$290.292% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.038%, 7d avg −0.002%

Together, before fees−0.095%+ Points / potential airdropAster: Stage 5 · farm board−$10 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: Bybit is 0.037% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.157	0	get 0.0000% / 4h	12m 30s	$338K	$860K	50x
Short	Bybit BZUSDT	97.120	0	get 0.0000% / 8h	12m 30s	$10.3M	$13.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.002%: −$3.66
Slippage, 4 orders: −$10.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.83
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Aster: live order book, 30 min ago; Bybit: live order book, 6 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, 30 min ago	2.05 bp	6.1 bp −$6	6.7 bp −$67	96.7 bp −$9,670	doesn't fit
Sell Bybit live order book, 6 min ago	0.51 bp	8.5 bp −$9	12.3 bp −$123	93.2 bp −$9,324	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	96.342	−0.839%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.049%	$236K	$416K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0005%	1h	96.980	−0.182%	$3.1M	$997K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.157	long leg	$338K	$860K	50x
Binance BZUSDT	0.0000%	4h	97.130	−0.028%	$148.1M	$350.4M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	97.120	−0.038%	$10.3M	$13.3M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.110	−0.049%	$16.0M	$19.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.073	−0.087%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.070	−0.090%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.120	−0.038%	$27.9M	$18.5M	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	97.090	−0.069%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.146	−0.011%	$17K	$319K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.070	−0.090%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.110	−0.049%	$100K	$256K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−0.162%	$278K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.500	+0.353%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.124	−0.034%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.16	+4.120%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.635	+0.492%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.100	−0.059%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.143	−0.014%	$728K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.100	−0.059%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.175	+0.018%	$155.2M	$115.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.185	+0.029%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0055%	4h	97.090	−0.069%	$1.5M	$98K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	97.090	−0.069%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.112	−0.047%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.110	−0.049%	$3.8M	$803K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.150	−0.007%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.099	−0.059%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.135	−0.023%	$115K	—	111x	as long as short