Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.006%

Price spread now: gTrade (Gains Network) against Aster+0.531%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.531% dearer against Aster than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.827	0	get 0.0000% / 4h	1h 51m	$340K	$930K	50x
Short	gTrade (Gains Network) BRENT/USD	98.346	L +0.0011% / S −0.0011%	get 0.0001% / 1h	51m 01s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.531%Rate

Funding earned: $2.34
Price spread: +0.531% → 0.000%: $53.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $37.48
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 62 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 62 min ago	2.05 bp	6.1 bp −$6	6.6 bp −$66	73.6 bp −$7,358	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	96.817	−1.032%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.303%	$235K	$416K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.827	long leg	$340K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.820	−0.007%	$147.8M	$353.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	−0.027%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.810	−0.017%	$16.2M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.770	−0.058%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.760	−0.068%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.810	−0.017%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.658	−0.172%	$9.4M	$6.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.771	−0.057%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	−0.007%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.800	−0.027%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.770	−0.058%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	−0.037%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	98.346	+0.531%	—	—	—
Vest BZ-PERP	+0.0013%	1h	101.89	+4.154%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0014%	4h	97.767	−0.061%	$225K	$228K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.810	−0.017%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.800	−0.027%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.829	+0.003%	$678K	$3.5M	10x	as long as short
BloFin BZ-USDT	+0.0037%	4h	97.760	−0.068%	$1.5M	$98K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.800	−0.028%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.828	+0.001%	$154.9M	$118.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.823	−0.004%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.078%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0077%	1h	97.739	−0.089%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	−0.017%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.790	−0.037%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.791	−0.037%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.785	−0.043%	$116K	—	111x	as long as short