Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.022%

Price spread now: Aftermath Perps against Gate+0.143%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$3 a day on $10k at the current rate, and Aftermath Perps is 0.143% dearer against Gate than usual: you sell high and buy low: +$14 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	Gate BZ_USDT	97.180	0	get 0.0000% / 8h	4h 48m	$9.2M	$12.2M	100x
Short	Aftermath Perps BRENTUSD	97.319	0.0111	get 0.0014% / 1h	48m 08s	$7K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.143%Rate

Funding earned: $23.22
Price spread: +0.143% → 0.000%: $14.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $13.55
Costs to cover: 0.240%
Break-even: 2.9 days

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	1.03 bp	12.6 bp −$13	19.9 bp −$199	32.6 bp −$3,262	44.2 bp −$22.1K
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	96.376	−0.827%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.062%	$234K	$437K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	+0.103%	$338K	$955K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.240	+0.062%	$147.1M	$371.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.230	+0.051%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.220	+0.041%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.220	+0.041%	$2.2M	$1.4M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.310	+0.134%	$34K	—	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	97.180	long leg	$9.2M	$12.2M	100x
Bitget BZUSDT	0.0000%	4h	97.240	+0.062%	$27.5M	$16.3M	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	97.238	+0.060%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.263	+0.086%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.103%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.230	+0.051%	$104K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.120	−0.062%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.240	+0.062%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0003%	4h	97.280	+0.103%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.281	+0.104%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.780	+0.618%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.250	+0.072%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.252	+0.074%	$676K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0036%	1h	101.29	+4.229%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.223	+0.044%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.267	+0.090%	$152.6M	$124.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.134%	$1.6M	$469K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.220	+0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	+0.082%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.260	+0.082%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSDshort	+0.0111%	1h	97.319	+0.143%	$7K	$43K	5x
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.252	+0.074%	$84K	$213K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.225	+0.046%	$126K	—	111x	as long as short