Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: Ondo Perps against Aster−0.035%7-day average −0.081% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.248%−$25 · spread now −0.035%, 7d avg −0.081%

Together, before fees−0.168%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.046% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.474	0	get 0.0000% / 4h	3h 07m	$339K	$930K	50x
Short	Ondo Perps BRENT-USD.P	97.440	0.0050	get 0.0006% / 1h	7m 12s	$3.1M	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.58
Price spread: −0.035% → −0.081%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $2.19
Costs to cover: 0.130%
Break-even: 5.6 days

Slippage unknown: Aster: live order book, 51 min ago; Ondo Perps: 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, 51 min ago	2.06 bp	6.1 bp −$6	6.5 bp −$65	80.3 bp −$8,030	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	96.536	−0.962%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.460	−0.014%	$237K	$443K	15x	as long as short
BloFin BZ-USDT	−0.0021%	4h	97.500	+0.027%	$1.5M	$97K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.474	long leg	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.490	+0.016%	$147.4M	$367.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.480	+0.006%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	+0.016%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.468	−0.006%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−0.014%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	+0.016%	$28.0M	$16.6M	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	97.457	−0.018%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.481	+0.007%	$26K	$314K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.490	+0.016%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.480	+0.006%	$102K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.440	−0.035%	$280K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.068%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.467	−0.008%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.039	+0.579%	—	—	—	as long as short
Vest BZ-PERP	+0.0024%	1h	101.55	+4.182%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	+0.016%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.497	+0.023%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.483	+0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.506	+0.033%	$153.8M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.526	+0.053%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	97.440	−0.035%	$3.1M	$1.0M	15x
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.489	+0.016%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	97.448	−0.027%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.500	+0.027%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.560	+0.088%	$3.8M	$849K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.490	+0.016%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0274% / S −0.1752%	1h	97.495	+0.021%	$115K	—	111x	as long as short