Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0384%/8h= +42.1% APRpaid last 24h +0.007%

Price spread now: Aster against RISEx+0.115%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$240.242% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.153%−$15 on $10k

Price spread, last 7 days−0.345%−$34 · spread now +0.115%, 7d avg −0.058%

Together, before fees−0.498%+ Points / potential airdropAster: Stage 5 · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.173% dearer against RISEx than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.058%. Mind the row above: over the last 4 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	94.794	−0.0384	get 0.0048% / 1h	43m 27s	$2.2M	$2.6M	20x
Short	Aster BZUSDT	94.903	0	get 0.0000% / 4h	43m 27s	$328K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.115%Rate

Funding earned: $80.69
Price spread: +0.115% → −0.058%: $17.29
Slippage, 4 orders: −$10.25
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $73.73
Costs to cover: 0.242%
Break-even: 0.6 days

Slippage from RISEx: live order book, 4 min ago; Aster: live order book, 62 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 RISEx live order book, 4 min ago	3.53 bp	6.5 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Aster live order book, 62 min ago	1.59 bp	5.6 bp −$6	15.4 bp −$154	83.6 bp −$8,358	doesn't fit

BZ on 31 exchanges

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0488%	1h	94.800	+0.006%	$29K	$383K	15x	as long as short
RISEx BZ/USDClong	−0.0384%	1h	94.794	long leg	$2.2M	$2.6M	20x
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.764	−0.033%	$108K	$279K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.770	−0.026%	$252K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0067%	8h	94.850	+0.059%	$10.4M	$18.5M	100x	as long as short
Binance BZUSDT	−0.0023%	4h	94.870	+0.080%	$146.2M	$481.7M	100x	as long as short
BloFin BZ-USDT	−0.0023%	4h	94.970	+0.185%	$1.5M	$125K	50x	as long as short
edgeX BZUSDC	−0.0018%	4h	94.956	+0.170%	$218K	$232K	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	94.903	+0.115%	$328K	$684K	50x
OKX BZ-USDT-SWAP	0.0000%	4h	94.850	+0.059%	$15.8M	$30.3M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	94.810	+0.016%	$8.9M	$13.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.840	+0.048%	$27.5M	$31.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.951	+0.165%	$9.0M	$6.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	94.920	+0.132%	$16K	$297K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.770	−0.026%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.760	−0.036%	$243K	$313K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	+0.143%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0006%	1h	94.777	−0.019%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.391	+0.630%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	98.530	+3.941%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.770	−0.026%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.843	+0.051%	$754K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.044%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	94.771	−0.024%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.874	+0.084%	$143.5M	$189.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.847	+0.055%	$1.5M	$543K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.760	−0.036%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.820	+0.027%	$3.3M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.700	−0.100%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.875	+0.085%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	−0.332%	$33K	—	20x	as long as short