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 −0.002%

Price spread now: Aster against Bitget+0.019%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.019%, 7d avg −0.022%

Together, before fees+0.025%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: Aster is 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	96.810	0	get 0.0000% / 4h	2h 48m	$27.7M	$16.6M	100x
Short	Aster BZUSDT	96.829	0	get 0.0000% / 4h	2h 48m	$336K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.022%: $4.18
Slippage, 4 orders: −$7.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.51
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Aster: 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 Bitget live order book, 5 min ago	0.52 bp	8.3 bp −$8	10.4 bp −$104	26.1 bp −$2,607	54.8 bp −$27.4K
Sell Aster live order book, 5 min ago	1.55 bp	5.5 bp −$6	12.3 bp −$123	94.5 bp −$9,450	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	95.962	−0.876%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.165%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.052%	$1.5M	$90K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.829	+0.019%	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.840	+0.031%	$146.0M	$393.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.810	0.000%	$10.3M	$14.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.830	+0.021%	$15.9M	$23.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.797	−0.014%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.770	−0.041%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	96.810	long leg	$27.7M	$16.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.860	+0.052%	$9.4M	$7.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.840	+0.031%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	−0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.800	−0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.800	−0.010%	$308K	$223K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.810	0.000%	$1.2M	$88K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.304	+0.511%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.807	−0.003%	$222K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.850	+0.041%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.840	+0.031%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.819	+0.009%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.85	+4.173%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	96.806	−0.004%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.857	+0.049%	$151.7M	$132.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.892	+0.085%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.730	−0.083%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.850	+0.041%	$3.8M	$915K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	+0.062%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0203% / S +0.0112%	1h	96.765	−0.046%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.793	−0.017%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0294%	1h	96.822	+0.012%	$7K	$44K	5x	as long as short