Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.026%

Price spread now: Aftermath Perps against BloFin+0.061%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aftermath Perps

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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.061% dearer against BloFin than usual: you sell high and buy low: +$6 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	BloFin BZ-USDT	97.270	0.0028	pay 0.0014% / 4h	3h 47m	$1.5M	$99K	50x
Short	Aftermath Perps BRENTUSD	97.329	0.0076	get 0.0009% / 1h	47m 21s	$7K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.061%Rate

Funding earned: $10.12
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$4.79
Costs to cover: 0.210%
Break-even: 10.3 days

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.51 bp	6.6 bp −$7	11.3 bp −$113	19.3 bp −$1,932	doesn't fit
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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.290	+0.021%	$100K	$259K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.954%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0078%	1h	97.230	−0.041%	$3.1M	$990K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.216%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.283	+0.013%	$2.4M	$1.7M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0034%	4h	97.302	+0.033%	$14K	$332K	25x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.320	+0.051%	$34K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.311	+0.042%	$82K	$200K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.311	+0.042%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.288	+0.018%	$148.7M	$352.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	97.280	+0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.250	−0.021%	$16.1M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.230	−0.041%	$9.2M	$10.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.280	+0.010%	$27.9M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.269	−0.001%	$9.4M	$6.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.300	+0.031%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	0.000%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.440	+0.175%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.270	0.000%	$223K	$229K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.27	+4.112%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.852	+0.598%	—	—	—	as long as short
BloFin BZ-USDTlong	+0.0028%	4h	97.270	long leg	$1.5M	$99K	50x
Lighter BRENTOIL	+0.0032%	1h	97.300	+0.031%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.327	+0.058%	$747K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.316	+0.047%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.316	+0.047%	$155.2M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.041%	$1.6M	$370K	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0076%	1h	97.329	+0.061%	$7K	$40K	5x
KuCoin BZUSDTM	+0.0100%	4h	97.280	+0.010%	$3.8M	$798K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	+0.062%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.305	+0.036%	$115K	—	111x	as long as short