Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0036%/8hnext payment −$0.04 per $10,000 · paid last 24h −0.080%

Price spread now: Ondo Perps against Aftermath Perps−0.116%46s7-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 Ondo 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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.116% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	96.111	0.0064	pay 0.0008% / 1h	23m 32s	$6K	$48K	5x
Short	Ondo Perps BRENT-USD.P	96.000	0.0028	get 0.0003% / 1h	23m 32s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$7.54
Price spread: −0.116% → 0.000%: −$11.56
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$33.1
Costs to cover: 0.140%
Break-even: never at this rate

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

Aftermath Perps and Ondo 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	95.676	−0.453%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0108% / S +0.0311%	1h	96.005	−0.110%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.301%	$231K	$842K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.090	−0.022%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.079	−0.034%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.060	−0.053%	$145.2M	$476.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.070	−0.043%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	−0.064%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.064	−0.048%	$2.2M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.020	−0.095%	$9.1M	$18.9M	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	96.050	−0.064%	$27.7M	$23.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.975	−0.142%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.990	−0.126%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.010	−0.105%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.030	−0.084%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.157%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	+0.082%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	95.988	−0.128%	$220K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.747	+0.662%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	95.989	−0.127%	$81K	$265K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0028%	1h	96.000	−0.116%	$3.1M	$1.1M	15x
Lighter BRENTOIL	+0.0032%	1h	96.060	−0.053%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.100	−0.012%	$672K	$5.2M	10x	as long as short
BloFin BZ-USDT	+0.0039%	4h	95.960	−0.157%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.213%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.056	−0.058%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.084	−0.028%	$149.5M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.125	+0.015%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSDlong	+0.0064%	1h	96.111	long leg	$6K	$48K	5x
KuCoin BZUSDTM	+0.0076%	4h	96.020	−0.095%	$3.7M	$967K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	−0.105%	$25K	$271K	50x	as long as short