BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0173%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.096%

Price spread now: Deribit against Aftermath Perps−0.074%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.074% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	96.021	0.0173	pay 0.0022% / 1h	21m 05s	$6K	$45K	5x
Short	Deribit BRENTOIL_USDC-PERPETUAL	95.950	0	get 0.0000% / 1h	21m 05s	$102K	$281K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$36.4
Price spread: −0.074% → 0.000%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Deribit: 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 Deribit live order book, 2 min ago	0.52 bp	10.2 bp −$10	11.1 bp −$111	doesn't fit	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 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 −0.0689% / S +0.0462%	1h	95.905	−0.121%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.649%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.030%	$232K	$859K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.982	−0.041%	$335K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.916	−0.109%	$145.5M	$488.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.930	−0.095%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.890	−0.136%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.925	−0.099%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.147%	$9.1M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.910	−0.115%	$27.5M	$24.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	95.922	−0.103%	$9.5M	$11.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.951	−0.073%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	−0.084%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	95.950	−0.074%	$102K	$281K	15x
HTX BRENTOIL-USDT	0.0000%	4h	95.900	−0.126%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.900	−0.126%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0015%	4h	95.947	−0.077%	$220K	$233K	20x	as long as short
BloFin BZ-USDT	+0.0027%	4h	95.930	−0.095%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.930	−0.095%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.935	−0.089%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.196%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	95.950	−0.074%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.995	−0.027%	$148.2M	$146.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.017	−0.004%	$1.5M	$542K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.095%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.900	−0.126%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.040	+0.020%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.936	−0.088%	$81K	$263K	20x	as long as short
Aftermath Perps BRENTUSDlong	+0.0173%	1h	96.021	long leg	$6K	$45K	5x
Hotstuff BRENTOIL-PERP	+0.0456%	1h	96.010	−0.011%	$33K	—	20x	as long as short