Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Aster against OKX+0.010%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.010%, 7d avg −0.004%

Together, before fees+0.032%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.820	0	get 0.0000% / 4h	57m 43s	$16.1M	$19.8M	50x
Short	Aster BZUSDT	97.829	0	get 0.0000% / 4h	57m 43s	$340K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.004%: $1.34
Slippage, 4 orders: −$6.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.71
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Aster: live order book, 50 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 OKX live order book, 1 min ago	0.51 bp	5.7 bp −$6	9.9 bp −$99	27.1 bp −$2,712	doesn't fit
Sell Aster live order book, 50 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	96.970	−0.869%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	−0.0058%	4h	97.750	−0.072%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.123%	$237K	$415K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.829	+0.010%	$340K	$880K	50x
Binance BZUSDT	0.0000%	4h	97.820	0.000%	$148.7M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	−0.020%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.820	long leg	$16.1M	$19.8M	50x
RISEx BZ/USDC	0.0000%	1h	97.779	−0.042%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.780	−0.041%	$9.3M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.810	−0.010%	$28.0M	$18.2M	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	97.538	−0.288%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.523	−0.304%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	−0.010%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.840	+0.020%	$101K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.580	−0.245%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.840	+0.020%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.96	+4.232%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.387	+0.579%	—	—	—	as long as short
edgeX BZUSDC	+0.0011%	4h	97.518	−0.309%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.810	−0.010%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.824	+0.004%	$722K	$3.2M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.770	−0.051%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.787	−0.034%	$3K	$355	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.831	+0.011%	$155.7M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.854	+0.035%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.670	−0.153%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.800	−0.020%	$3.8M	$811K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.266%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.630	−0.194%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0112%	1h	97.846	+0.026%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.815	−0.005%	$116K	—	111x	as long as short