Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.068%

Price spread now: Bitget against Aster−0.010%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.010%, 7d avg +0.023%

Together, before fees−0.154%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.033% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.210	0	get 0.0000% / 4h	3h 55m	$334K	$1.2M	50x
Short	Bitget BZUSDT	96.200	0	get 0.0000% / 4h	3h 55m	$27.6M	$20.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.023%: −$3.34
Slippage, 4 orders: −$13.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$36.91
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Bitget: live order book, 4 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 Aster live order book, 3 min ago	5.20 bp	9.2 bp −$9	10.5 bp −$105	73.0 bp −$7,298	doesn't fit
Sell Bitget live order book, 4 min ago	0.52 bp	8.0 bp −$8	10.4 bp −$104	33.0 bp −$3,305	98.0 bp −$49.0K

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	96.195	−0.016%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.728%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.146%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−0.074%	$34K	$365K	25x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.170	−0.042%	$1.5M	$95K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.210	long leg	$334K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.210	0.000%	$145.8M	$439.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	0.000%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.210	0.000%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.190	−0.021%	$2.2M	$1.3M	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	96.170	−0.042%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	96.200	−0.010%	$27.6M	$20.1M	100x
Variational Omni BZ	0.0000%	4h	96.142	−0.071%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.210	0.000%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.230	+0.021%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.350	+0.146%	$1.2M	$95K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.747	+0.558%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−0.046%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.229	+0.020%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	96.185	−0.026%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.30	+4.251%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.241	+0.032%	$151.1M	$144.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.271	+0.063%	$1.5M	$502K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.120	−0.094%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0056%	1h	96.220	+0.010%	$3.4M	$4.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.240	+0.031%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−0.114%	$25K	$272K	50x	as long as short
Extended XBR-USD	+0.0120%	1h	96.238	+0.029%	$762K	$5.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	96.230	+0.021%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0633%	1h	96.114	−0.100%	$6K	$44K	5x	as long as short