Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Aster against SunX+0.032%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.032%, 7d avg −0.030%

Together, before fees+0.144%+ Points / potential airdropAster: Stage 5 · farm board+$14 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 0.062% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	93.910	0	get 0.0000% / 4h	1h 51m	$4K	$1.7M	20x
Short	Aster BZUSDT	93.940	0	get 0.0000% / 4h	1h 51m	$339K	$822K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.030%: $6.23
Slippage, 4 orders: −$44.99
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$54.75
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Aster: live order book, 59 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 SunX live order book, 8 min ago	18.02 bp	22.1 bp −$22	30.8 bp −$308	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	2.61 bp	6.6 bp −$7	8.9 bp −$89	74.2 bp −$7,417	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.405%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0708%	1h	93.870	−0.043%	$45K	$374K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.876	−0.036%	$94K	$264K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.888	−0.024%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.986%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0093%	8h	93.910	0.000%	$10.7M	$16.8M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.010	+0.106%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.133	+0.238%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0051%	4h	94.110	+0.213%	$1.5M	$110K	50x	as long as short
Binance BZUSDT	−0.0030%	4h	93.920	+0.011%	$145.1M	$465.7M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BRENTOIL	−0.0007%	1h	93.940	+0.032%	$128.9M	$182.6M	20x	as long as short
edgeX BZUSDC	−0.0007%	4h	94.025	+0.122%	$216K	$231K	20x	as long as short
Lighter BRENTOIL	0.0000%	1h	93.950	+0.043%	$3.4M	$5.5M	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	93.940	+0.032%	$339K	$822K	50x
OKX BZ-USDT-SWAP	0.0000%	4h	93.920	+0.011%	$15.7M	$28.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.880	−0.032%	$8.9M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.930	+0.021%	$27.7M	$30.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.001	+0.097%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	93.910	long leg	$4K	$1.7M	20x
HTX BRENTOIL-USDT	0.0000%	4h	93.970	+0.064%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.310	+0.426%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.672	+0.811%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.620	+3.951%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	93.950	+0.042%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	94.188	+0.296%	$7K	$38K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	93.944	+0.036%	$661K	$3.7M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0039%	1h	93.990	+0.085%	$3.0M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.895	−0.016%	$1.5M	$487K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.890	−0.021%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	+0.277%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.005	+0.101%	$32K	—	111x	as long as short