Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.013%

Price spread now: KuCoin against Aftermath Perps−0.113%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 KuCoin

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 −$3 a day on $10k at the current rate, and KuCoin is 0.113% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$11 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	95.999	0.0188	pay 0.0024% / 1h	59m 11s	$6K	$45K	5x
Short	KuCoin BZUSDTM	95.890	0.0100	get 0.0050% / 4h	1h 59m	$3.8M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$18.5
Price spread: −0.113% → 0.000%: −$11.32
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.83
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	2.61 bp	12.7 bp −$13	54.2 bp −$542	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 −0.0792% / S +0.0480%	1h	95.975	−0.025%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.782%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0112%	1h	96.020	+0.022%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.960	−0.041%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0031%	4h	95.950	−0.051%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.053%	$232K	$769K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.990	−0.009%	$335K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.986	−0.013%	$145.7M	$490.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	−0.019%	$10.2M	$16.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.960	−0.040%	$15.8M	$29.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.940	−0.061%	$9.2M	$17.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.980	−0.019%	$27.5M	$23.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.992	−0.007%	$9.2M	$10.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.930	−0.072%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.890	−0.113%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.000	+0.001%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.040%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.000	+0.001%	$1.2M	$100K	100x	as long as short
Paradex BZ-USD-PERP	+0.0002%	8h	95.999	0.000%	$3K	$521	5x	as long as short
edgeX BZUSDC	+0.0014%	4h	95.992	−0.007%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.980	−0.019%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.933	−0.068%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.220%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.006	+0.008%	$147.9M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.044	+0.047%	$1.5M	$538K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.990	−0.009%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	95.890	−0.113%	$3.8M	$1.0M	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.022%	$25K	$270K	50x	as long as short
Aftermath Perps BRENTUSDlong	+0.0188%	1h	95.999	long leg	$6K	$45K	5x
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.007	+0.008%	$81K	$257K	20x	as long as short