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 +0.018%

Price spread now: tradeXYZ against Aster+0.028%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.028%, 7d avg +0.025%

Together, before fees+0.040%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.384	0	get 0.0000% / 4h	3h 37m	$339K	$930K	50x
Short	tradeXYZ xyz:BRENTOIL	97.411	0.0050	get 0.0006% / 1h	37m 49s	$153.8M	$126.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.5
Price spread: +0.028% → +0.025%: $0.31
Slippage, 4 orders: −$5.23
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.43
Costs to cover: 0.312%
Break-even: 20.6 days

Slippage from Aster: live order book, 20 min ago; tradeXYZ: live order book, 12 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, 20 min ago	2.06 bp	6.1 bp −$6	6.5 bp −$65	80.3 bp −$8,030	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.10 bp	9.7 bp −$10	10.5 bp −$105	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	96.333	−1.079%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.117%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	97.460	+0.078%	$1.5M	$92K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.384	long leg	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.378	−0.006%	$147.4M	$367.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.380	−0.004%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	−0.014%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.400	+0.016%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.340	−0.045%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.380	−0.004%	$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	97.458	+0.076%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.462	+0.081%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.410	+0.027%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.390	+0.006%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.350	−0.035%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.410	+0.027%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	+0.044%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.932	+0.563%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.46	+4.186%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	−0.004%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.402	+0.018%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.382	−0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.411	+0.028%	$153.8M	$126.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.437	+0.054%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	−0.025%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.410	+0.027%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.450	+0.068%	$3.8M	$860K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.014%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.431	+0.048%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0241% / S −0.1068%	1h	97.385	+0.001%	$115K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	97.460	+0.078%	$34K	—	20x	as long as short