Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Aster against Polymarket Perps−0.083%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.401%−$40 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.083%, 7d avg −0.089%

Together, before fees−0.249%+ Points / potential airdropAster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, 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	Polymarket Perps BRENTOIL-USD	96.290	0.0050	pay 0.0006% / 1h	52m 09s	$1.5M	$502K	20x
Short	Aster BZUSDT	96.210	0	get 0.0000% / 4h	3h 52m	$334K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$10.5
Price spread: −0.083% → −0.089%: $0.63
Slippage, 4 orders: −$11.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.06
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Aster: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.54 bp	6.5 bp −$7	7.2 bp −$72	16.9 bp −$1,688	doesn't fit
Sell Aster live order book, 1 min ago	2.08 bp	6.1 bp −$6	10.8 bp −$108	81.1 bp −$8,107	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−0.078%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.810%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.228%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.157%	$34K	$365K	25x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.210	−0.083%	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.204	−0.089%	$145.8M	$439.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	−0.083%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.104%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.189	−0.105%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.270	−0.021%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.160	−0.135%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	−0.062%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−0.154%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.240	−0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.250	−0.042%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.156%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.073%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.793	+0.522%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−0.129%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.244	−0.048%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	96.193	−0.101%	$3K	$521	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0038%	1h	96.160	−0.135%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0040%	1h	96.233	−0.060%	$754K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.32	+4.185%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	96.230	−0.062%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.240	−0.052%	$151.0M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.290	long leg	$1.5M	$502K	20x
BloFin BZ-USDT	+0.0057%	4h	96.230	−0.062%	$1.5M	$95K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.260	−0.031%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.197%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0605%	1h	96.166	−0.129%	$6K	$44K	5x	as long as short