Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against RISEx+0.002%7-day average −0.063% · 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−$15as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.161%−$16 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.002%, 7d avg −0.063%

Together, before fees−0.286%+ Points / potential airdropAster: Stage 5 · farm board−$29 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 0.066% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.363	0	get 0.0000% / 1h	44m 09s	$2.4M	$1.7M	20x
Short	Aster BZUSDT	97.365	0	get 0.0000% / 4h	3h 44m	$339K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.063%: $6.56
Slippage, 4 orders: −$7.91
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.36
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Aster: live order book, 14 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 RISEx live order book, 5 min ago	1.90 bp	4.9 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	2.06 bp	6.1 bp −$6	9.9 bp −$99	85.9 bp −$8,594	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	96.333	−1.057%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.095%	$233K	$439K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.365	+0.002%	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.400	+0.038%	$147.7M	$368.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.400	+0.038%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.410	+0.049%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.363	long leg	$2.4M	$1.7M	20x
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+0.028%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.003%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.360	−0.003%	$27.9M	$16.6M	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	97.348	−0.015%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.012%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	+0.018%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	+0.008%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.044%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.028%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+0.013%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0010%	4h	97.350	−0.013%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.934	+0.587%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.42	+4.167%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.018%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.396	+0.035%	$677K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	+0.005%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.440	+0.080%	$153.7M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.413	+0.052%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.320	−0.044%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.390	+0.028%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+0.069%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.049%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.331	−0.032%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0235% / S −0.0303%	1h	97.365	+0.002%	$126K	—	111x	as long as short