Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.020%

Price spread now: OKX against Aftermath Perps+0.062%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on OKX

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

The price spread pays, funding is against you. OKX is 0.062% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	96.210	0.0558	pay 0.0070% / 1h	47m 36s	$6K	$44K	5x
Short	OKX BZ-USDT-SWAP	96.270	0	get 0.0000% / 4h	3h 47m	$15.8M	$25.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$117.22
Price spread: +0.062% → 0.000%: $6.23
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$129.99
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.52 bp	6.0 bp −$6	9.6 bp −$96	26.9 bp −$2,687	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.245	+0.036%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.728%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.146%	$232K	$483K	15x	as long as short
BloFin BZ-USDT	−0.0032%	4h	96.210	0.000%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.228	+0.019%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.270	+0.062%	$145.9M	$436.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.270	+0.062%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.270	+0.062%	$15.8M	$25.5M	50x
RISEx BZ/USDC	0.0000%	1h	96.256	+0.048%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.280	+0.073%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.220	+0.010%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.280	+0.073%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	−0.093%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	+0.030%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.270	+0.062%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.270	+0.062%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.130	−0.083%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.156%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.205	−0.005%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.790	+0.602%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.255	+0.047%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0029%	1h	96.200	−0.010%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.280	+0.073%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.283	+0.076%	$748K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	96.270	+0.062%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.31	+4.261%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.283	+0.076%	$151.1M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.270	+0.062%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.290	+0.083%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.220	+0.010%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSDlong	+0.0558%	1h	96.210	long leg	$6K	$44K	5x