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 +0.003%

Price spread now: OKX against Aster−0.007%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.007%, 7d avg +0.005%

Together, before fees+0.019%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.967	0	get 0.0000% / 4h	1h 28m	$337K	$984K	50x
Short	OKX BZ-USDT-SWAP	96.960	0	get 0.0000% / 4h	1h 28m	$16.0M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.005%: −$1.19
Slippage, 4 orders: −$6.17
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.36
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Aster: live order book, 40 min ago; OKX: live order book, 5 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, 40 min ago	2.06 bp	6.1 bp −$6	6.3 bp −$63	58.2 bp −$5,816	doesn't fit
Sell OKX live order book, 5 min ago	0.52 bp	6.0 bp −$6	8.5 bp −$85	27.1 bp −$2,713	doesn't fit

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	96.164	−0.828%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.069%	$233K	$431K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.900	−0.069%	$1.5M	$86K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.967	long leg	$337K	$984K	50x
Binance BZUSDT	0.0000%	4h	96.980	+0.013%	$146.8M	$373.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.017%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.960	−0.007%	$16.0M	$20.5M	50x
RISEx BZ/USDC	0.0000%	1h	96.959	−0.008%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−0.038%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.960	−0.007%	$27.4M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.885	−0.084%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.880	−0.090%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.003%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.960	−0.007%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.100%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.038%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.107%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.513	+0.563%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.003%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.981	+0.014%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.02	+4.180%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.965	−0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.985	+0.019%	$152.0M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.014	+0.049%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.069%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.000	+0.034%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−0.069%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	97.000	+0.034%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0166%	1h	96.904	−0.065%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0043%	1h	96.975	+0.008%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.998	+0.032%	$84K	$218K	20x	as long as short