Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.027%

Price spread now: Kraken Futures against Aster−0.047%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.920%−$92 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now −0.047%, 7d avg +0.025%

Together, before fees−1.069%+ Points / potential airdropAster: Stage 5 · farm board−$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.072% cheaper against Aster than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.025%). If the spread goes back, that is −$7 on $10k: about 3.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.920%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.421	0	get 0.0000% / 4h	3h 13m	$339K	$930K	50x
Short	Kraken Futures PF_BRENTOILUSD	97.376	0.0063	get 0.0008% / 1h	13m 45s	$82K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.047%Rate

Funding earned: $13.3
Price spread: −0.047% → +0.025%: −$7.16
Slippage, 4 orders: −$27.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.2
Costs to cover: 0.453%
Break-even: 27.6 days

Slippage from Aster: live order book, 44 min ago; Kraken Futures: live order book, 39 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, 44 min ago	2.06 bp	6.1 bp −$6	6.5 bp −$65	80.3 bp −$8,030	doesn't fit
Sell Kraken Futures live order book, 39 min ago	4.42 bp	17.8 bp −$18	35.3 bp −$353	doesn't fit	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	96.536	−0.909%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.155%	$233K	$439K	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.421	long leg	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.430	+0.009%	$147.5M	$366.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.420	−0.001%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.430	+0.009%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.412	−0.009%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.400	−0.022%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.430	+0.009%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.338	−0.086%	$9.3M	$6.9M	—	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	97.338	−0.086%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.420	−0.001%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.410	−0.012%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.380	−0.042%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.091%	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.948	+0.541%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.336	−0.088%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0025%	1h	101.45	+4.135%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.440	+0.019%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.439	+0.018%	$680K	$4.0M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.390	−0.032%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.429	+0.008%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.441	+0.020%	$153.7M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.428	+0.007%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.350	−0.073%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0058%	4h	97.390	−0.032%	$1.5M	$92K	50x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0063%	1h	97.376	−0.047%	$82K	$208K	20x
Aftermath Perps BRENTUSD	+0.0091%	1h	97.355	−0.068%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.450	+0.029%	$3.8M	$850K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−0.063%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0267% / S −0.1601%	1h	97.395	−0.027%	$115K	—	111x	as long as short