Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aster against OKX+0.027%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.027%, 7d avg −0.008%

Together, before fees+0.024%+ Points / potential airdropAster: Stage 5 · farm board+$2 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 0.035% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	96.950	0	get 0.0000% / 4h	2h 15m	$16.0M	$21.7M	50x
Short	Aster BZUSDT	96.976	0	get 0.0000% / 4h	2h 15m	$337K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.008%: $3.49
Slippage, 4 orders: −$7.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.27
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Aster: live order book, 3 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 OKX live order book, 3 min ago	0.52 bp	7.5 bp −$7	10.3 bp −$103	24.2 bp −$2,422	doesn't fit
Sell Aster live order book, 3 min ago	2.06 bp	6.1 bp −$6	9.8 bp −$98	97.4 bp −$9,736	doesn't fit

BZ on 30 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	95.978	−1.003%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.144%	$234K	$425K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.976	+0.027%	$337K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.980	+0.031%	$146.4M	$379.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.940	−0.010%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.950	long leg	$16.0M	$21.7M	50x
RISEx BZ/USDC	0.0000%	1h	96.956	+0.006%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.041%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.970	+0.021%	$27.5M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.024%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.080%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	+0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	−0.010%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.484	+0.551%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.130%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	0.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.951	+0.001%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.04	+4.219%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.947	−0.003%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.976	+0.027%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.036	+0.089%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.031%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.990	+0.041%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.083%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.072%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0084%	1h	96.945	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0232%	1h	96.862	−0.091%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.965	+0.016%	$84K	$218K	20x	as long as short