Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.017%

Price spread now: Aster against Extended−0.004%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.004%, 7d avg +0.013%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.708	0.0032	pay 0.0004% / 1h	19m 44s	$682K	$3.3M	10x
Short	Aster BZUSDT	97.704	0	get 0.0000% / 4h	1h 19m	$340K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$6.72
Price spread: −0.004% → +0.013%: −$1.76
Slippage, 4 orders: −$7.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.89
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Aster: live order book, 28 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 Extended live order book, 4 min ago	0.56 bp	4.0 bp −$4	19.6 bp −$196	doesn't fit	doesn't fit
Sell Aster live order book, 28 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	−0.706%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	−0.008%	$237K	$417K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.704	−0.004%	$340K	$880K	50x
Binance BZUSDT	0.0000%	4h	97.700	−0.008%	$147.7M	$349.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.680	−0.029%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.700	−0.008%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.679	−0.030%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.750	+0.043%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.660	−0.049%	$9.3M	$11.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.680	−0.029%	$27.8M	$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	97.718	+0.010%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.779	+0.072%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.012%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.710	+0.002%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	−0.019%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.830	+0.125%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.768	+0.061%	$225K	$227K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.84	+4.229%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.276	+0.581%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	−0.008%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.708	long leg	$682K	$3.3M	10x
BloFin BZ-USDT	+0.0038%	4h	97.730	+0.022%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.699	−0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.720	+0.012%	$155.1M	$115.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.768	+0.061%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	−0.070%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.776	+0.070%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.700	−0.008%	$3.8M	$817K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.750	+0.043%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.733	+0.026%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.715	+0.007%	$116K	—	111x	as long as short