Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0400%/8h= −43.9% APRpaid last 24h −0.019%

Price spread now: edgeX against Aftermath Perps−0.060%68s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and edgeX is 0.060% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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	Aftermath Perps BRENTUSD	96.516	0.0411	pay 0.0051% / 1h	24m 14s	$7K	$45K	5x
Short	edgeX BZUSDC	96.458	0.0010	get 0.0005% / 4h	3h 24m	$221K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aftermath Perps. 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 Aftermath PerpsbpFee edgeXbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$84.1
Price spread: −0.060% → 0.000%: −$5.99
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$108.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; edgeX: live order book, 48 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 48 min ago	10.40 bp	14.9 bp −$15	16.1 bp −$161	59.7 bp −$5,969	doesn't fit

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	95.669	−0.878%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.462%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.525	+0.009%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0051%	4h	96.540	+0.025%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.538	+0.023%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.532	+0.017%	$145.7M	$422.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.520	+0.004%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.510	−0.006%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.512	−0.004%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.480	−0.037%	$9.2M	$14.3M	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	96.530	+0.015%	$27.6M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.459	−0.059%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.466	−0.051%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.540	+0.025%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.540	+0.025%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.027%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.520	+0.004%	$1.2M	$93K	100x	as long as short
edgeX BZUSDCshort	+0.0010%	4h	96.458	−0.060%	$221K	$232K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.056	+0.559%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.549	+0.034%	$83K	$235K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.540	+0.025%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.530	+0.015%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.532	+0.017%	$746K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0032%	1h	96.460	−0.058%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.518	+0.002%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.59	+4.221%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.555	+0.040%	$151.5M	$139.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.564	+0.050%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.550	+0.035%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.017%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSDlong	+0.0411%	1h	96.516	long leg	$7K	$45K	5x