Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.022%

Price spread now: Aster against Coinbase International+0.054%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.054%, 7d avg +0.096%

Together, before fees+0.182%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.041% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.096%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.700	−0.0088	get 0.0011% / 1h	21m 09s	$237K	$416K	15x
Short	Aster BZUSDT	97.753	0	get 0.0000% / 4h	1h 21m	$340K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: $18.48
Price spread: +0.054% → +0.096%: −$4.15
Slippage, 4 orders: −$6.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.06
Costs to cover: 0.244%
Break-even: 10.8 days

Slippage from Coinbase International: live order book, 22 min ago; Aster: live order book, 27 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 Coinbase International live order book, 22 min ago	1.02 bp	6.3 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	2.05 bp	6.0 bp −$6	11.5 bp −$115	95.9 bp −$9,589	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	97.018	−0.698%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0088%	1h	97.700	long leg	$237K	$416K	15x
Hotstuff BRENTOIL-PERP	−0.0048%	1h	97.790	+0.092%	$34K	—	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.753	+0.054%	$340K	$880K	50x
Binance BZUSDT	0.0000%	4h	97.750	+0.051%	$147.8M	$348.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.720	+0.020%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.720	+0.020%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.698	−0.002%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.690	−0.010%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.740	+0.041%	$27.9M	$17.4M	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	97.748	+0.049%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.779	+0.080%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.750	+0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.710	+0.010%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.730	+0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.860	+0.164%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.768	+0.070%	$225K	$227K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.86	+4.258%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.276	+0.589%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.750	+0.051%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.732	+0.033%	$682K	$3.3M	10x	as long as short
BloFin BZ-USDT	+0.0038%	4h	97.730	+0.031%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.754	+0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.757	+0.058%	$155.2M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.771	+0.073%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.690	−0.010%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0086%	1h	97.776	+0.078%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.720	+0.020%	$3.8M	$818K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.750	+0.051%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.744	+0.045%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.745	+0.046%	$116K	—	111x	as long as short