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 −0.018%

Price spread now: Aster against tradeXYZ−0.006%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.006%, 7d avg −0.085%

Together, before fees−0.036%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.079% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.085%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	96.731	0.0050	pay 0.0006% / 1h	0m 02s	$151.7M	$138.0M	20x
Short	Aster BZUSDT	96.725	0	get 0.0000% / 4h	3h 00m	$336K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.5
Price spread: −0.006% → −0.085%: $7.88
Slippage, 4 orders: −$5.84
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.46
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Aster: live order book, 3 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 tradeXYZ live order book, 10 min ago	0.21 bp	10.0 bp −$10	10.8 bp −$108	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.07 bp	6.1 bp −$6	14.7 bp −$147	98.8 bp −$9,876	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	95.731	−1.034%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.084%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.063%	$1.5M	$91K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.725	−0.006%	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.722	−0.009%	$145.9M	$401.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.700	−0.032%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.730	−0.001%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.731	−0.001%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.680	−0.053%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.720	−0.011%	$27.6M	$17.8M	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	96.668	−0.065%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.057%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	−0.001%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+0.020%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.032%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	−0.011%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.549%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.033%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+0.019%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.730	−0.001%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.727	−0.004%	$721K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+4.165%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	−0.022%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.731	long leg	$151.7M	$138.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	+0.043%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.630	−0.104%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	−0.032%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.740	+0.009%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.009%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	−0.006%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	+0.006%	$7K	$44K	5x	as long as short