Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.009%

Price spread now: Aster against Deribit+0.048%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

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

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.394%+$39 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.048%, 7d avg −0.024%

Together, before fees+0.332%+ Points / potential airdropAster: Stage 5 · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.072% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.200	−0.0059	get 0.0007% / 1h	11m 10s	$100K	$256K	15x
Short	Aster BZUSDT	97.247	0	get 0.0000% / 4h	11m 10s	$338K	$860K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: $12.3
Price spread: +0.048% → −0.024%: $7.22
Slippage, 4 orders: −$9.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.68
Costs to cover: 0.242%
Break-even: 9.7 days

Slippage from Deribit: live order book, 27 min ago; Aster: live order book, 32 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 Deribit live order book, 27 min ago	0.51 bp	8.1 bp −$8	9.6 bp −$96	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	2.05 bp	6.1 bp −$6	11.0 bp −$110	82.8 bp −$8,284	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	96.342	−0.883%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0059%	1h	97.200	long leg	$100K	$256K	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−0.093%	$236K	$401K	15x	as long as short
BloFin BZ-USDT	−0.0047%	4h	97.180	−0.021%	$1.5M	$98K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0007%	1h	97.120	−0.082%	$3.1M	$998K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.247	+0.048%	$338K	$860K	50x
Binance BZUSDT	0.0000%	4h	97.200	0.000%	$148.3M	$351.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	0.000%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.180	−0.021%	$16.0M	$19.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.178	−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	97.150	−0.051%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.200	0.000%	$27.9M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.090	−0.113%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.070	−0.134%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	+0.021%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.070	−0.134%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.560	+0.370%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.124	−0.078%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.22	+4.136%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.766	+0.583%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.210	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.234	+0.035%	$728K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.194	−0.006%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.217	+0.017%	$155.3M	$115.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.241	+0.042%	$1.6M	$405K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.240	+0.041%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	97.137	−0.064%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.200	0.000%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.070	−0.134%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.215	+0.016%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.195	−0.005%	$115K	—	111x	as long as short