Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against Aster+0.019%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.019%, 7d avg +0.091%

Together, before fees+0.316%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.071% cheaper against Aster than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.091%). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.401% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.931	0	get 0.0000% / 4h	2h 18m	$337K	$1.2M	50x
Short	Polymarket Perps BRENTOIL-USD	96.950	0.0050	get 0.0006% / 1h	18m 00s	$1.5M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.019%Rate

Funding earned: $10.5
Price spread: +0.019% → +0.091%: −$7.14
Slippage, 4 orders: −$9.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.96
Costs to cover: 0.253%
Break-even: 21.6 days

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago	1.55 bp	6.4 bp −$6	7.2 bp −$72	64.7 bp −$6,467	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.12 bp	7.2 bp −$7	7.3 bp −$73	15.9 bp −$1,589	doesn't fit

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	95.978	−0.983%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.125%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.880	−0.053%	$33K	—	20x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.931	long leg	$337K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.970	+0.040%	$146.6M	$379.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.940	+0.009%	$10.4M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	+0.030%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.896	−0.036%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.900	−0.032%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.970	+0.040%	$27.6M	$16.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.747	−0.190%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.173%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.001%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.001%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.187%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.960	+0.030%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.747	−0.190%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.449	+0.534%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.910	−0.022%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.968	+0.038%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.97	+4.167%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.901	−0.031%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.968	+0.038%	$151.9M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.950	+0.019%	$1.5M	$470K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.850	−0.084%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.980	+0.050%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.780	−0.156%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0085%	1h	96.905	−0.027%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0240%	1h	96.818	−0.117%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.930	−0.002%	$83K	$218K	20x	as long as short