Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.022%

Price spread now: Aster against Coinbase International−0.067%54s7-day average +0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.244% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.067%, 7d avg +0.096%

Together, before fees+0.303%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.162% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.096%). If the spread goes back, that is −$16 on $10k: about 6.1 days of funding at the current rate (+$3 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.810	−0.0088	get 0.0011% / 1h	30m 21s	$236K	$417K	15x
Short	Aster BZUSDT	97.745	0	get 0.0000% / 4h	1h 30m	$340K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: $18.48
Price spread: −0.067% → +0.096%: −$16.21
Slippage, 4 orders: −$6.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.12
Costs to cover: 0.244%
Break-even: 15.4 days

Slippage from Coinbase International: live order book, 13 min ago; Aster: live order book, 18 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 Coinbase International live order book, 13 min ago	1.02 bp	6.3 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Aster live order book, 18 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	97.018	−0.810%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0088%	1h	97.810	long leg	$236K	$417K	15x
BloFin BZ-USDT	−0.0024%	4h	97.770	−0.041%	$1.5M	$97K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.745	−0.067%	$340K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.750	−0.061%	$147.8M	$349.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.730	−0.082%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.740	−0.072%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.751	−0.060%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.700	−0.112%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.790	−0.020%	$28.0M	$17.3M	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	97.768	−0.043%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.840	+0.031%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	0.000%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.770	−0.041%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.750	−0.061%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.770	−0.041%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.88	+4.161%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.316	+0.518%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.812	+0.002%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.780	−0.031%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.787	−0.024%	$682K	$3.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.775	−0.036%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.743	−0.069%	$155.1M	$116.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.780	−0.031%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.720	−0.092%	$3.1M	$1.0M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.790	−0.020%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	97.800	−0.010%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.800	−0.010%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.830	+0.020%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.769	−0.042%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.785	−0.026%	$116K	—	111x	as long as short