Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Aster against tradeXYZ0.000%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days+0.063%+$6 · spread now 0.000%, 7d avg −0.024%

Together, before fees−0.038%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.024% dearer against tradeXYZ than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.024%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.577	0.0050	pay 0.0006% / 1h	7m 47s	$154.3M	$122.8M	20x
Short	Aster BZUSDT	97.577	0	get 0.0000% / 4h	2h 07m	$339K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → −0.024%: $2.37
Slippage, 4 orders: −$5.15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.27
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Aster: live order book, 45 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 tradeXYZ live order book, 12 min ago	0.20 bp	9.3 bp −$9	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 45 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	96.939	−0.654%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.048%	$235K	$426K	15x	as long as short
Aster BZUSDTshort	0.0000%	4h	97.577	0.000%	$339K	$930K	50x
Binance BZUSDT	0.0000%	4h	97.559	−0.019%	$147.5M	$358.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.590	+0.013%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.590	+0.013%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.568	−0.009%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.570	−0.007%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	+0.013%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	+0.093%	$9.4M	$7.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	+0.113%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	+0.075%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	+0.044%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	+0.054%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	+0.034%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.630	+0.055%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	+0.606%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.65	+4.174%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	+0.091%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	+0.044%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.038%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.595	+0.019%	$681K	$3.6M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.630	+0.054%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.592	+0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.577	long leg	$154.3M	$122.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.641	+0.066%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.058%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.632	+0.056%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.630	+0.054%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.116%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	+0.049%	$116K	—	111x	as long as short