Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.019%

Price spread now: Aftermath Perps against HTX+0.069%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.069% dearer against HTX 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	HTX BRENTOIL-USDT	96.200	0	get 0.0000% / 4h	1m 20s	$306K	$249K	75x
Short	Aftermath Perps BRENTUSD	96.266	0.0096	get 0.0012% / 1h	1m 20s	$6K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against HTX. 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 HTXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.069%Rate

Funding earned: $20.16
Price spread: +0.069% → 0.000%: $6.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.06
Costs to cover: 0.210%
Break-even: 4.9 days

Slippage unknown: HTX: live order book, 11 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 HTX live order book, 11 min ago	1.56 bp	7.6 bp −$8	15.1 bp −$151	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 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 −0.0848% / S +0.0467%	1h	96.225	+0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.744%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0120%	1h	96.280	+0.083%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.240	+0.042%	$103K	$272K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.135%	$232K	$486K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.204	+0.004%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0010%	4h	96.200	0.000%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.010%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.220	+0.021%	$145.8M	$444.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.230	+0.031%	$10.4M	$16.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.210	+0.010%	$15.8M	$26.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.170	−0.031%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.220	+0.021%	$27.6M	$20.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.202	+0.002%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.230	+0.031%	$34K	$365K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.230	+0.031%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	96.200	long leg	$306K	$249K	75x
Phemex XBRUSDT	0.0000%	4h	96.290	+0.094%	$1.2M	$95K	100x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.222	+0.023%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0034%	8h	96.219	+0.019%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.116%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.253	+0.055%	$151.0M	$143.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.271	+0.074%	$1.5M	$523K	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0096%	1h	96.266	+0.069%	$6K	$44K	5x
KuCoin BZUSDTM	+0.0100%	4h	96.150	−0.052%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.250	+0.052%	$25K	$272K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.278	+0.081%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0224%	1h	96.230	+0.031%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0264%	1h	96.138	−0.065%	$772K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0378%	1h	96.190	−0.010%	$3.1M	$1.1M	15x	as long as short