Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.046%

Price spread now: GMX against Aster−0.034%7-day average +0.011% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.075%−$7 · spread now −0.034%, 7d avg +0.011%

Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.044% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	95.847	0	get 0.0000% / 4h	1h 44m	$333K	$1.5M	50x
Short	GMX BRENTOIL/USD [ETH-USDC]	95.815	L −0.0095% / S +0.0137%	pay 0.0017% / 1h	44m 38s	$33K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$28.76
Price spread: −0.034% → +0.011%: −$4.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$53.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; GMX: no order-book sample. 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 Aster live order book, 3 min ago	1.57 bp	6.5 bp −$6	7.5 bp −$75	54.3 bp −$5,432	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 30 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
Ondo Perps BRENT-USD.P	−0.0553%	1h	95.800	−0.049%	$3.0M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0408%	1h	95.820	−0.028%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.625%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0112%	1h	95.830	−0.018%	$3.3M	$4.2M	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L −0.0095% / S +0.0137%	1h	95.815	−0.034%	$33K	—	29x
RISEx BZ/USDC	−0.0075%	1h	95.813	−0.035%	$2.2M	$1.3M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0058%	1h	95.832	−0.016%	$147.4M	$147.0M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.823	−0.025%	$34K	$388K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.211%	$232K	$674K	15x	as long as short
Paradex BZ-USD-PERP	−0.0012%	8h	95.814	−0.035%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDTlong	0.0000%	4h	95.847	long leg	$333K	$1.5M	50x
Binance BZUSDT	0.0000%	4h	95.820	−0.028%	$145.3M	$481.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.810	−0.039%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.830	−0.018%	$15.8M	$27.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.790	−0.060%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.820	−0.028%	$27.4M	$22.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.806	−0.043%	$9.2M	$8.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.850	+0.003%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.850	+0.003%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.790	−0.060%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.900	+0.055%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	95.811	−0.037%	$5K	$45K	5x	as long as short
edgeX BZUSDC	+0.0016%	4h	95.790	−0.060%	$219K	$234K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.895	+0.050%	$670K	$5.3M	10x	as long as short
BloFin BZ-USDT	+0.0036%	4h	95.800	−0.049%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.22	+4.562%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.867	+0.021%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.830	−0.018%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.790	−0.060%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.843	−0.004%	$81K	$244K	20x	as long as short