Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h +0.005%

Price spread now: Kraken Futures against Aster+0.035%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.842%−$84 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.035%, 7d avg +0.026%

Together, before fees−1.027%+ Points / potential airdropAster: Stage 5 · farm board−$103 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	94.831	0	get 0.0000% / 4h	44m 34s	$327K	$684K	50x
Short	Kraken Futures PF_BRENTOILUSD	94.864	−0.0335	pay 0.0042% / 1h	44m 34s	$108K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$70.34
Price spread: +0.035% → +0.026%: $0.85
Slippage, 4 orders: −$36.9
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$124.39
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Aster: live order book, 61 min ago; Kraken Futures: live order book, 61 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, 61 min ago	1.59 bp	5.6 bp −$6	6.8 bp −$68	78.5 bp −$7,853	doesn't fit
Sell Kraken Futures live order book, 61 min ago	6.59 bp	23.6 bp −$24	39.1 bp −$391	doesn't fit	doesn't fit

BZ on 31 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0698%	1h	94.820	−0.012%	$29K	$383K	15x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.719	−0.118%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSDshort	−0.0335%	1h	94.864	+0.035%	$108K	$279K	20x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.960	+0.136%	$251K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0066%	8h	94.770	−0.065%	$10.4M	$18.3M	100x	as long as short
Binance BZUSDT	−0.0023%	4h	94.800	−0.033%	$146.1M	$481.4M	100x	as long as short
BloFin BZ-USDT	−0.0023%	4h	94.970	+0.146%	$1.5M	$125K	50x	as long as short
edgeX BZUSDC	−0.0022%	4h	94.780	−0.054%	$218K	$231K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0004%	4h	94.711	−0.127%	$16K	$297K	25x	as long as short
Aster BZUSDTlong	0.0000%	4h	94.831	long leg	$327K	$684K	50x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.840	+0.009%	$15.8M	$30.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.720	−0.117%	$8.9M	$13.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.830	−0.001%	$27.5M	$31.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.951	+0.126%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.030	+0.210%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.930	+0.104%	$243K	$313K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	+0.104%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	94.735	−0.101%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.428	+0.630%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	98.520	+3.890%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.740	−0.096%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.793	−0.040%	$754K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.005%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	94.762	−0.073%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.809	−0.023%	$143.4M	$189.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.772	−0.062%	$1.5M	$543K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.730	−0.107%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.740	−0.096%	$3.3M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.960	+0.136%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.895	+0.067%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	−0.370%	$33K	—	20x	as long as short