Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.045%

Price spread now: Aster against Hotstuff+0.069%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.069% dearer against Hotstuff than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	96.030	−0.0008	get 0.0001% / 1h	46m 15s	$33K	—	20x
Short	Aster BZUSDT	96.096	0	get 0.0000% / 4h	46m 15s	$334K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.069%Rate

Funding earned: $1.68
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.4
Costs to cover: 0.130%
Break-even: 25.4 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 2 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.08 bp	6.1 bp −$6	9.8 bp −$98	75.4 bp −$7,538	doesn't fit

Hotstuff: 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 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	95.975	−0.057%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.688%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0169%	1h	96.016	−0.015%	$147.7M	$143.8M	20x	as long as short
BloFin BZ-USDT	−0.0045%	4h	95.960	−0.073%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.031%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	95.978	−0.055%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERPlong	−0.0008%	1h	96.030	long leg	$33K	—	20x
Aster BZUSDTshort	0.0000%	4h	96.096	+0.069%	$334K	$1.4M	50x
Binance BZUSDT	0.0000%	4h	95.980	−0.052%	$145.7M	$469.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.990	−0.042%	$10.4M	$15.9M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.073%	$15.8M	$26.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.940	−0.094%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.980	−0.052%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.070%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	−0.063%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.000	−0.031%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.000	−0.031%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.094%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.980	−0.052%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.954	−0.079%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0010%	8h	95.983	−0.049%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	96.054	+0.025%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.010	−0.021%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.710	+3.832%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.055	+0.026%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.104%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.980	−0.052%	$3.7M	$991K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.970	−0.062%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.019	−0.011%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0168%	1h	96.006	−0.025%	$671K	$5.2M	10x	as long as short