Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.026%

Price spread now: BloFin against Aftermath Perps−0.060%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.060% cheaper against Aftermath Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	95.548	0.0042	pay 0.0005% / 1h	18m 59s	$7K	$38K	5x
Short	BloFin BZ-USDT	95.490	0.0049	get 0.0024% / 4h	2h 18m	$1.6M	$108K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $1.41
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.62
Costs to cover: 0.210%
Break-even: 133.9 days

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	0.52 bp	7.4 bp −$7	8.7 bp −$87	19.5 bp −$1,947	doesn't fit

Aftermath Perps: 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 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
Kraken Futures PF_BRENTOILUSD	−0.0338%	1h	95.472	−0.079%	$95K	$244K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.483	−0.068%	$2.4M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0273%	1h	95.470	−0.081%	$61K	$309K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.480	−0.071%	$271K	$645K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0060%	4h	95.610	+0.065%	$14K	$320K	25x	as long as short
Bybit BZUSDT	−0.0002%	8h	95.450	−0.102%	$10.0M	$15.3M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.512	−0.038%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.470	−0.081%	$147.2M	$417.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.450	−0.102%	$16.2M	$24.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.440	−0.113%	$9.1M	$12.5M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.460	−0.092%	$28.0M	$25.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.465	−0.086%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.520	−0.029%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.480	−0.071%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.510	−0.039%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	95.472	−0.079%	$219K	$231K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.010	+0.484%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	99.220	+3.844%	—	$735K	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0019%	1h	95.440	−0.113%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.480	−0.071%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.472	−0.079%	$717K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.745%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.473	−0.078%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSDlong	+0.0042%	1h	95.548	long leg	$7K	$38K	5x
BloFin BZ-USDTshort	+0.0049%	4h	95.490	−0.060%	$1.6M	$108K	50x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.483	−0.068%	$148.9M	$136.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.479	−0.072%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.560	+0.013%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	−0.029%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	95.510	−0.039%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.485	−0.066%	$33K	—	111x	as long as short