Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.020%

Price spread now: Aftermath Perps against SunX+0.035%7-day average — · you sell dearer than you buy

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

Long on SunX 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 +$8 a day on $10k at the current rate, and Aftermath Perps is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 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	SunX BRENTOIL-USDT	96.780	0	get 0.0000% / 4h	2h 26m	$4K	$2.5M	20x
Short	Aftermath Perps BRENTUSD	96.814	0.0256	get 0.0032% / 1h	26m 09s	$7K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $53.73
Price spread: +0.035% → 0.000%: $3.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $40.25
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: SunX: 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 SunX live order book, 11 min ago	18.59 bp	22.6 bp −$23	30.7 bp −$307	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.070	−0.734%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	+0.031%	$234K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.787	+0.007%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.770	−0.010%	$146.2M	$382.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.770	−0.010%	$10.3M	$14.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	−0.021%	$15.9M	$22.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.782	+0.003%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.730	−0.052%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.780	0.000%	$27.6M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.749	−0.032%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.802	+0.023%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.780	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.780	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.770	−0.010%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.770	−0.010%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.790	+0.010%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.306	+0.543%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.770	−0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.769	−0.011%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.82	+4.174%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.785	+0.005%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.802	+0.023%	$151.6M	$129.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.847	+0.069%	$1.5M	$471K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	+0.062%	$3.8M	$889K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.820	+0.041%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	96.820	+0.041%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0092%	1h	96.765	−0.015%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.802	+0.023%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0256%	1h	96.814	+0.035%	$7K	$44K	5x