Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.021%

Price spread now: Aster against Kraken Futures−0.018%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs+$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.907%+$91 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.018%, 7d avg −0.025%

Together, before fees+1.075%+ Points / potential airdropAster: Stage 5 · farm board+$108 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.907%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	97.640	0.0009	pay 0.0001% / 1h	26m 46s	$82K	$208K	20x
Short	Aster BZUSDT	97.623	0	get 0.0000% / 4h	2h 26m	$339K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$1.95
Price spread: −0.018% → −0.025%: $0.73
Slippage, 4 orders: −$27.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$46.89
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 21 min ago; Aster: live order book, 26 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 Kraken Futures live order book, 21 min ago	5.43 bp	11.3 bp −$11	26.2 bp −$262	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	2.05 bp	6.1 bp −$6	10.8 bp −$108	84.3 bp −$8,426	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	96.783	−0.878%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.113%	$235K	$434K	15x	as long as short
BloFin BZ-USDT	−0.0015%	4h	97.620	−0.021%	$1.5M	$97K	50x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.623	−0.018%	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.638	−0.002%	$147.8M	$362.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.620	−0.021%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.620	−0.021%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.615	−0.025%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.580	−0.062%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.640	0.000%	$28.0M	$16.5M	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	97.490	−0.154%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.601	−0.041%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.670	+0.030%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.610	−0.031%	$101K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.500	−0.144%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	−0.041%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.537	−0.106%	$225K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0009%	1h	97.640	long leg	$82K	$208K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.181	+0.554%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	101.70	+4.158%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.620	−0.021%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.619	−0.022%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.623	−0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.633	−0.008%	$154.2M	$124.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.680	+0.041%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.590	−0.052%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0059%	1h	97.619	−0.022%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.670	+0.030%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.640	0.000%	$3.8M	$833K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.670	+0.030%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0317% / S −0.2514%	1h	97.645	+0.005%	$116K	—	111x	as long as short