Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.008%

Price spread now: Aftermath Perps against Binance+0.074%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aftermath Perps

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aftermath Perps is 0.074% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	95.950	0	get 0.0000% / 4h	2h 24m	$145.6M	$488.5M	100x
Short	Aftermath Perps BRENTUSD	96.021	0.0161	get 0.0020% / 1h	24m 54s	$6K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now +0.074%Rate

Funding earned: $33.77
Price spread: +0.074% → 0.000%: $7.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $22.15
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: Binance: live order book, 4 min ago; Aftermath Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	0.52 bp	5.5 bp −$6	6.1 bp −$61	24.2 bp −$2,421	93.7 bp −$46.8K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 −0.0670% / S +0.0459%	1h	95.925	−0.026%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.575%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.104%	$232K	$859K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.991	+0.043%	$335K	$1.7M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	95.950	long leg	$145.6M	$488.5M	100x
Bybit BZUSDT	0.0000%	8h	95.960	+0.010%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	0.000%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.954	+0.004%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.930	−0.021%	$9.1M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.940	−0.010%	$27.5M	$24.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	95.922	−0.030%	$9.5M	$11.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.950	0.000%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	−0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.960	+0.010%	$102K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.880	−0.073%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.940	−0.010%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	95.961	+0.012%	$220K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.950	0.000%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.936	−0.015%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.273%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.019	+0.072%	$1.5M	$549K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.940	−0.010%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0052%	8h	95.978	+0.029%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0059%	4h	95.960	+0.010%	$1.5M	$97K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0068%	1h	96.015	+0.068%	$148.2M	$147.2M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	−0.031%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.073%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.972	+0.023%	$81K	$263K	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0161%	1h	96.021	+0.074%	$6K	$45K	5x
Hotstuff BRENTOIL-PERP	+0.0384%	1h	96.040	+0.094%	$33K	—	20x	as long as short