Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h +0.011%

Price spread now: Aster against Vest−4.021%7-day average −3.287% · you buy dearer than you sell

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$8 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −4.021%, 7d avg −3.287%

Together, before fees+0.224%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.734% cheaper against Vest than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of −3.287%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.085%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.44	0.0030	pay 0.0004% / 1h	43m 00s	—	$735K	10x
Short	Aster BZUSDT	97.361	0	get 0.0000% / 4h	3h 43m	$339K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −4.021%Rate

Funding earned: −$6.22
Price spread: −4.021% → −3.287%: −$73.43
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 15 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 15 min ago	2.06 bp	6.1 bp −$6	9.9 bp −$99	85.9 bp −$8,594	doesn't fit

Vest: 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 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	96.333	−5.035%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−4.111%	$233K	$439K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.370	−4.012%	$104K	$242K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.370	−4.012%	$1.5M	$92K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.361	−4.021%	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.379	−4.003%	$147.5M	$368.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.360	−4.022%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	−4.012%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.388	−3.995%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	−3.993%	$34K	—	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	97.350	−4.032%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.400	−3.983%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.348	−4.034%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.370	−4.012%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.420	−3.963%	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−4.062%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	−3.993%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	−4.007%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.913	−3.477%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0030%	1h	101.44	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.380	−4.002%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.388	−3.994%	$677K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.392	−3.990%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.422	−3.961%	$153.6M	$126.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.436	−3.947%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.350	−4.032%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.382	−4.000%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	−3.963%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−4.022%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.343	−4.039%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0236% / S −0.0309%	1h	97.355	−4.027%	$126K	—	111x	as long as short