Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.023%

Price spread now: SunX against Aftermath Perps+0.080%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 SunX

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. SunX is 0.080% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	97.343	0.0104	pay 0.0013% / 1h	43m 16s	$7K	$43K	5x
Short	SunX BRENTOIL-USDT	97.420	0	get 0.0000% / 4h	3h 43m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$21.77
Price spread: +0.080% → 0.000%: $7.96
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$30.81
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	18.48 bp	26.4 bp −$26	36.9 bp −$369	doesn't fit	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	96.333	−1.037%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.075%	$233K	$439K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.370	+0.028%	$104K	$242K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.370	+0.028%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.363	+0.021%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.367	+0.025%	$147.5M	$368.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.380	+0.038%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	+0.038%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.388	+0.046%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+0.049%	$34K	—	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	97.330	−0.013%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.400	+0.059%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.348	+0.006%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.370	+0.028%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.420	+0.080%	$4K	$2.5M	20x
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.023%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.049%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+0.033%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.913	+0.586%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.44	+4.209%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.038%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.388	+0.047%	$677K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.392	+0.051%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.394	+0.053%	$153.6M	$126.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.436	+0.096%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.350	+0.008%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.382	+0.041%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	+0.080%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	+0.018%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSDlong	+0.0104%	1h	97.343	long leg	$7K	$43K	5x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0236% / S −0.0309%	1h	97.355	+0.013%	$126K	—	111x	as long as short