Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.021%

Price spread now: Gate against Aftermath Perps−0.073%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 Gate

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 −$6 a day on $10k at the current rate, and Gate is 0.073% 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	96.911	0.0190	pay 0.0024% / 1h	40m 08s	$7K	$44K	5x
Short	Gate BZ_USDT	96.840	0	get 0.0000% / 8h	5h 40m	$9.2M	$12.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$39.95
Price spread: −0.073% → 0.000%: −$7.3
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.25
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	0.52 bp	12.4 bp −$12	19.0 bp −$190	31.6 bp −$3,161	45.0 bp −$22.5K

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 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	96.207	−0.726%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.104%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.900	−0.011%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.881	−0.031%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.900	−0.011%	$146.6M	$374.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.870	−0.042%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.880	−0.032%	$15.9M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.880	−0.032%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.840	−0.073%	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.890	−0.021%	$27.4M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.846	−0.067%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.882	−0.030%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.900	−0.011%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.900	−0.011%	$103K	$240K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.840	−0.073%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.900	−0.011%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.435	+0.541%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.851	−0.062%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.900	−0.011%	$3.3M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.906	−0.005%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0045%	1h	100.94	+4.158%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0047%	4h	96.870	−0.042%	$1.5M	$86K	50x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.877	−0.035%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.893	−0.018%	$151.8M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.949	+0.039%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.810	−0.104%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.940	+0.030%	$3.8M	$874K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	−0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0053%	1h	96.895	−0.016%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSDlong	+0.0190%	1h	96.911	long leg	$7K	$44K	5x
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.902	−0.009%	$83K	$218K	20x	as long as short