Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.021%

Price spread now: GRVT against Aftermath Perps+0.125%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.125% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	97.378	0.0082	pay 0.0010% / 1h	54m 52s	$7K	$39K	5x
Short	GRVT BZ_USDT_Perp	97.500	0	get 0.0000% / 4h	3h 54m	$14K	$332K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$17.3
Price spread: +0.125% → 0.000%: $12.48
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; GRVT: live order book, 43 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 GRVT live order book, 43 min ago	0.51 bp	5.0 bp −$5	10.6 bp −$106	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 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.230	−0.152%	$100K	$258K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.064%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.104%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0052%	1h	97.170	−0.214%	$3.1M	$994K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.226	−0.156%	$2.4M	$1.7M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.228	−0.155%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.316	−0.064%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.270	−0.111%	$148.4M	$353.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.240	−0.142%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−0.142%	$16.0M	$19.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.200	−0.183%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.280	−0.101%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.279	−0.102%	$9.4M	$6.2M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	97.500	+0.125%	$14K	$332K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.280	−0.101%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	−0.111%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.300	−0.080%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.353	−0.026%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.26	+3.986%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.799	+0.432%	—	—	—	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.260	−0.122%	$1.5M	$99K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.210	−0.173%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.299	−0.081%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.283	−0.098%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.248	−0.134%	$155.3M	$115.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.280	−0.101%	$1.6M	$395K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.430	+0.053%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSDlong	+0.0082%	1h	97.378	long leg	$7K	$39K	5x
KuCoin BZUSDTM	+0.0100%	4h	97.240	−0.142%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.500	+0.125%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.225	−0.157%	$115K	—	111x	as long as short