Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.022%

Price spread now: OKX 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 OKX

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 OKX 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	97.281	0.0104	pay 0.0013% / 1h	24m 07s	$7K	$43K	5x
Short	OKX BZ-USDT-SWAP	97.210	0	get 0.0000% / 4h	24m 07s	$16.1M	$20.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$21.77
Price spread: −0.073% → 0.000%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.11
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.51 bp	6.3 bp −$6	9.8 bp −$98	24.0 bp −$2,397	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.571	−0.730%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.042%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.240	−0.042%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−0.063%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.233	−0.049%	$147.1M	$370.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.220	−0.063%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.210	−0.073%	$16.1M	$20.2M	50x
RISEx BZ/USDC	0.0000%	1h	97.196	−0.088%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−0.125%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	−0.063%	$27.6M	$16.5M	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	97.167	−0.118%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.210	−0.073%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.230	−0.053%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.230	−0.053%	$104K	$232K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.125%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.050%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.764	+0.496%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.193	−0.091%	$223K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.230	−0.053%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.218	−0.065%	$680K	$4.4M	10x	as long as short
Vest BZ-PERP	+0.0032%	1h	101.24	+4.069%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0049%	4h	97.190	−0.094%	$1.5M	$92K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.205	−0.078%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.279	−0.002%	$153.4M	$125.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.259	−0.023%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.150	−0.135%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	−0.032%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.240	−0.042%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSDlong	+0.0104%	1h	97.281	long leg	$7K	$43K	5x
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.213	−0.070%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S −0.0074%	1h	97.205	−0.078%	$126K	—	111x	as long as short