Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.006%

Price spread now: Aster against Hotstuff−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.027% cheaper against Hotstuff than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	96.500	0.0104	pay 0.0013% / 1h	27m 33s	$33K	—	20x
Short	Aster BZUSDT	96.474	0	get 0.0000% / 4h	3h 27m	$335K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$21.84
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.52
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 1 min ago. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	2.07 bp	6.8 bp −$7	15.5 bp −$155	94.8 bp −$9,477	doesn't fit

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	95.669	−0.861%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.446%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.495	−0.005%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0045%	4h	96.450	−0.052%	$1.5M	$95K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.474	−0.027%	$335K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.480	−0.021%	$145.6M	$424.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.470	−0.031%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.480	−0.021%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.457	−0.045%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.430	−0.073%	$9.2M	$14.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.490	−0.010%	$27.6M	$19.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.430	−0.072%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.442	−0.060%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.490	−0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.510	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.430	−0.073%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.490	−0.010%	$1.2M	$95K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.457	−0.044%	$221K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.027	+0.546%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.498	−0.002%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0030%	1h	96.420	−0.083%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.470	−0.031%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.477	−0.024%	$746K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.466	−0.035%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.55	+4.197%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.504	+0.004%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.540	+0.041%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.500	0.000%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	−0.010%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0104%	1h	96.500	long leg	$33K	—	20x
Aftermath Perps BRENTUSD	+0.0422%	1h	96.466	−0.035%	$7K	$45K	5x	as long as short