Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.022%

Price spread now: Aftermath Perps against GRVT−0.022%67s7-day average — · you buy dearer than you sell

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.022% cheaper against GRVT than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 21 hours of funding at the current rate (+$2 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.864	0	get 0.0000% / 4h	1h 33m	$24K	$305K	25x
Short	Aftermath Perps BRENTUSD	97.843	0.0081	get 0.0010% / 1h	33m 38s	$7K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.022%Rate

Funding earned: $17.08
Price spread: −0.022% → 0.000%: −$2.17
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$3.09
Costs to cover: 0.180%
Break-even: 8.3 days

Slippage unknown: GRVT: live order book, 9 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 GRVT live order book, 9 min ago	0.51 bp	7.8 bp −$8	10.2 bp −$102	doesn't fit	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
Injective BRENT/USDC PERP	−0.0220%	1h	97.018	−0.865%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	−0.056%	$236K	$419K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.819	−0.046%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.818	−0.048%	$147.8M	$350.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	−0.066%	$10.2M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.800	−0.066%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.811	−0.055%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.770	−0.096%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.820	−0.045%	$28.0M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.798	−0.068%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perplong	0.0000%	4h	97.864	long leg	$24K	$305K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.870	+0.006%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.820	−0.045%	$100K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.780	−0.086%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	98.100	+0.241%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.98	+4.205%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.384	+0.531%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.857	−0.007%	$225K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0023%	4h	97.800	−0.066%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.820	−0.045%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.815	−0.050%	$682K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.815	−0.050%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.819	−0.046%	$155.2M	$116.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.888	+0.024%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.770	−0.096%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSDshort	+0.0081%	1h	97.843	−0.022%	$7K	$41K	5x
KuCoin BZUSDTM	+0.0100%	4h	97.830	−0.035%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.860	−0.004%	$26K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.860	−0.004%	$34K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.860	−0.004%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.825	−0.040%	$116K	—	111x	as long as short