Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.026%

Price spread now: Deribit against Aster−0.036%7-day average +0.024% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

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

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.414%−$41 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.036%, 7d avg +0.024%

Together, before fees−0.446%+ Points / potential airdropAster: Stage 5 · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.060% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	94.444	0	get 0.0000% / 4h	25m 39s	$326K	$676K	50x
Short	Deribit BRENTOIL_USDC-PERPETUAL	94.410	−0.0174	pay 0.0022% / 1h	25m 39s	$29K	$377K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$36.44
Price spread: −0.036% → +0.024%: −$5.97
Slippage, 4 orders: −$16.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$74.24
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Aster: live order book, 15 min ago; Deribit: live order book, 16 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, 15 min ago	5.80 bp	9.8 bp −$10	9.8 bp −$98	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	0.53 bp	7.1 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit

BZ on 30 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
RISEx BZ/USDC	−0.0384%	1h	94.376	−0.072%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0336%	1h	94.452	+0.008%	$108K	$277K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0174%	1h	94.410	−0.036%	$29K	$377K	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.830	+0.409%	$252K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0050%	8h	94.400	−0.046%	$10.4M	$18.6M	100x	as long as short
BloFin BZ-USDT	−0.0043%	4h	94.460	+0.017%	$1.5M	$125K	50x	as long as short
Binance BZUSDT	−0.0012%	4h	94.390	−0.057%	$145.5M	$484.2M	100x	as long as short
edgeX BZUSDC	−0.0007%	4h	94.558	+0.121%	$217K	$230K	20x	as long as short
Aster BZUSDTlong	0.0000%	4h	94.444	long leg	$326K	$676K	50x
OKX BZ-USDT-SWAP	0.0000%	4h	94.400	−0.046%	$15.7M	$30.4M	50x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	94.350	−0.099%	$8.8M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.390	−0.057%	$27.4M	$31.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.588	+0.153%	$8.9M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	94.610	+0.176%	$11K	$316K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.460	+0.017%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.380	−0.068%	$254K	$337K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.710	+0.282%	$1.2M	$101K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.940	+0.525%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	98.100	+3.871%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.380	−0.068%	$3.5M	$5.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.386	−0.061%	$752K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.415%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0039%	1h	94.553	+0.116%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERP	+0.0040%	8h	94.372	−0.076%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.417	−0.028%	$143.3M	$190.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.420	−0.025%	$1.5M	$564K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.360	−0.089%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.390	−0.057%	$3.3M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.510	+0.070%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.445	+0.001%	$22K	—	111x	as long as short