Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Aster against Bybit+0.039%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.039%, 7d avg +0.002%

Together, before fees+0.113%+ Points / potential airdropAster: Stage 5 · farm board+$11 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 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.520	0	get 0.0000% / 8h	52m 24s	$10.2M	$13.4M	100x
Short	Aster BZUSDT	97.558	0	get 0.0000% / 4h	52m 24s	$339K	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.002%: $3.68
Slippage, 4 orders: −$10.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.56
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Aster: live order book, 56 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 Bybit live order book, 6 min ago	0.51 bp	7.6 bp −$8	10.1 bp −$101	73.9 bp −$7,392	doesn't fit
Sell Aster live order book, 56 min ago	2.05 bp	6.0 bp −$6	11.5 bp −$115	95.9 bp −$9,589	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	97.155	−0.374%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.520	0.000%	$100K	$253K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.185%	$237K	$415K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.620	+0.103%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.590	+0.072%	$1.5M	$96K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.558	+0.039%	$339K	$868K	50x
Binance BZUSDT	0.0000%	4h	97.544	+0.025%	$148.6M	$353.4M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.520	long leg	$10.2M	$13.4M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.540	+0.021%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.543	+0.023%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.510	−0.010%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.540	+0.021%	$28.0M	$18.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.787	+0.274%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.709	+0.193%	$25K	$321K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.620	+0.103%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.410	−0.113%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	+0.082%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	101.71	+4.297%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.106	+0.601%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.818	+0.306%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.590	+0.072%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.537	+0.017%	$733K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.551	+0.032%	$3K	$639	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.575	+0.056%	$155.4M	$114.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.610	+0.092%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.510	−0.010%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.640	+0.123%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.530	+0.010%	$3.8M	$806K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.810	+0.297%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.563	+0.044%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.525	+0.005%	$116K	—	111x	as long as short