Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.023%

Price spread now: Aftermath Perps against Bitget−0.071%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Aftermath Perps is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	97.470	0	get 0.0000% / 4h	3h 11m	$28.0M	$16.6M	100x
Short	Aftermath Perps BRENTUSD	97.401	0.0087	get 0.0011% / 1h	11m 01s	$7K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now −0.071%Rate

Funding earned: $18.19
Price spread: −0.071% → 0.000%: −$7.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$9.92
Costs to cover: 0.210%
Break-even: 10.8 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.51 bp	7.7 bp −$8	10.3 bp −$103	29.3 bp −$2,931	55.2 bp −$27.6K
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 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	96.536	−0.958%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.460	−0.010%	$237K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0056%	4h	97.480	+0.010%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.465	−0.005%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.480	+0.010%	$147.5M	$367.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.480	+0.010%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.480	+0.010%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.457	−0.013%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.450	−0.021%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	97.470	long leg	$28.0M	$16.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.457	−0.013%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.440	−0.031%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.500	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.490	+0.021%	$103K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.380	−0.092%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.041%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.404	−0.068%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.024	+0.569%	—	—	—	as long as short
Vest BZ-PERP	+0.0025%	1h	101.54	+4.176%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.480	+0.010%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.478	+0.008%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.464	−0.006%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.492	+0.023%	$153.8M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.511	+0.042%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.460	−0.010%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.441	−0.030%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.500	+0.031%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0087%	1h	97.401	−0.071%	$7K	$43K	5x
KuCoin BZUSDTM	+0.0100%	4h	97.500	+0.031%	$3.8M	$850K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.430	−0.041%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0270% / S −0.1666%	1h	97.475	+0.005%	$115K	—	111x	as long as short