Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.2703%/8h= +296.0% APRnext payment +$3.38 per $10,000 · paid last 24h −0.017%
Price spread now: GMX against Aftermath Perps+0.058%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$81 a day on $10k at the current rate, and GMX is 0.058% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps BRENTUSD97.6380.0069pay 0.0009% / 1h12m 31s$7K$42K5x
ShortGMX BRENTOIL/USD [ETH-USDC]97.695L +0.0328% / S −0.2771%get 0.0346% / 1h12m 31s$116K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$567.59
Price spread: +0.058% → 0.000%
$5.81
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
$552.4
Costs to cover
0.210%
Break-even
0.2 days
Slippage unknown: Aftermath Perps: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell GMX no order-book sample
Aftermath Perps and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.939−0.716%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0096%1h97.530−0.111%$235K$430K15xas long as short
BloFin BZ-USDT−0.0030%4h97.690+0.053%$1.5M$95K50xas long as short
Aster BZUSDT0.0000%4h97.697+0.060%$340K$930K50xas long as short
Binance BZUSDT0.0000%4h97.693+0.056%$147.8M$360.4M100xas long as short
Bybit BZUSDT0.0000%8h97.690+0.053%$10.3M$12.6M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.700+0.063%$16.1M$20.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.668+0.031%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.660+0.022%$9.3M$11.7M100xas long as short
Bitget BZUSDT0.0000%4h97.710+0.073%$27.7M$17.0M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.609−0.030%$9.4M$6.9Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.656+0.018%$34K$307K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.720+0.084%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.710+0.073%$100K$250K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.590−0.049%$280K$254K75xas long as short
Phemex XBRUSDT0.0000%4h97.680+0.043%$1.2M$81K100xas long as short
Kraken Futures PF_BRENTOILUSD+0.0009%1h97.707+0.070%$82K$208K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.241+0.617%as long as short
edgeX BZUSDC+0.0014%4h97.617−0.022%$225K$229K20xas long as short
Vest BZ-PERP+0.0015%1h101.73+4.191%$735K10xas long as short
Hotstuff BRENTOIL-PERP+0.0016%1h97.710+0.073%$34K20xas long as short
Lighter BRENTOIL+0.0032%1h97.700+0.063%$3.3M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.696+0.059%$680K$3.6M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.699+0.062%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.712+0.075%$154.5M$124.2M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.725+0.089%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.670+0.032%$3.1M$1.0M15xas long as short
Aftermath Perps BRENTUSDlong+0.0069%1h97.638long leg$7K$42K5x
KuCoin BZUSDTM+0.0100%4h97.740+0.104%$3.8M$832K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.660+0.022%$26K$274K50xas long as short
GMX BRENTOIL/USD [ETH-USDC]shortL +0.0328% / S −0.2771%1h97.695+0.058%$116K111x