Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.009%

Price spread now: Aftermath Perps against Paradex+0.077%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.077% dearer against Paradex than usual: you sell high and buy low: +$8 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	Paradex BZ-USD-PERP	97.207	0.0050	pay 0.0050% / 8h	4h 23m	$3K	$336	5x
Short	Aftermath Perps BRENTUSD	97.281	0.0106	get 0.0013% / 1h	23m 13s	$7K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Paradex. 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 ParadexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.077%Rate

Funding earned: $11.73
Price spread: +0.077% → 0.000%: $7.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.41
Costs to cover: 0.130%
Break-even: 3.2 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Paradex and 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	96.571	−0.654%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.034%	$234K	$437K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0059%	1h	97.210	+0.003%	$104K	$232K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.240	+0.034%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	+0.014%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.205	−0.002%	$147.0M	$370.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−0.007%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	+0.003%	$16.1M	$20.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.206	−0.001%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−0.048%	$9.2M	$12.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.220	+0.014%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.167	−0.041%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.210	+0.003%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	+0.014%	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.048%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.127%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.760	+0.569%	—	—	—	as long as short
BloFin BZ-USDT	+0.0016%	4h	97.210	+0.003%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0016%	4h	97.176	−0.032%	$223K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	+0.014%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.216	+0.010%	$680K	$4.4M	10x	as long as short
Vest BZ-PERP	+0.0032%	1h	101.25	+4.159%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.207	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.253	+0.048%	$153.2M	$126.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.271	+0.066%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.160	−0.048%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.044%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	−0.028%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSDshort	+0.0106%	1h	97.281	+0.077%	$7K	$43K	5x
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.246	+0.040%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S −0.0080%	1h	97.205	−0.002%	$126K	—	111x	as long as short