Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.080%

Price spread now: Aster against Vest−3.639%7-day average −3.227% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)−0.266%−$27 · spread now −3.639%, 7d avg −3.227%

Together, before fees−0.178%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.412% cheaper against Vest than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −3.227%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.088%, 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	Vest BZ-PERP	99.750	0.0046	pay 0.0006% / 1h	38m 47s	—	$735K	10x
Short	Aster BZUSDT	96.120	0	get 0.0000% / 4h	38m 47s	$334K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee AsterbpOrdersPrice spread, now −3.639%Rate

Funding earned: −$9.59
Price spread: −3.639% → −3.227%: −$41.21
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	3.12 bp	10.1 bp −$10	18.0 bp −$180	85.7 bp −$8,569	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.155	−3.604%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0360%	1h	96.150	−3.609%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0269%	1h	96.200	−3.559%	$103K	$278K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−4.392%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0088%	1h	96.170	−3.589%	$149.8M	$143.4M	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.130	−3.629%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−3.689%	$232K	$578K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.142	−3.617%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−3.680%	$34K	$375K	25x	as long as short
Binance BZUSDT	−0.0015%	4h	96.160	−3.599%	$145.9M	$466.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0010%	4h	96.063	−3.696%	$220K	$232K	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	96.120	−3.639%	$334K	$1.4M	50x
Bybit BZUSDT	0.0000%	8h	96.140	−3.619%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	−3.619%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.110	−3.649%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.150	−3.609%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−3.696%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.180	−3.579%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−3.729%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.160	−3.599%	$1.2M	$96K	100x	as long as short
Paradex BZ-USD-PERP	+0.0013%	8h	96.124	−3.635%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0035%	1h	96.146	−3.613%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0040%	1h	96.130	−3.629%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	99.750	long leg	—	$735K	10x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.159	−3.600%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.100	−3.659%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−3.659%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.150	−3.609%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.196	−3.563%	$81K	$233K	20x	as long as short
Extended XBR-USD	+0.0144%	1h	96.020	−3.740%	$671K	$5.2M	10x	as long as short