Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.022%

Price spread now: Aftermath Perps against Bybit−0.025%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Aftermath Perps is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.510	0	get 0.0000% / 8h	2h 47m	$10.4M	$12.5M	100x
Short	Aftermath Perps BRENTUSD	97.486	0.0056	get 0.0007% / 1h	47m 49s	$7K	$42K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.025%Rate

Funding earned: $11.77
Price spread: −0.025% → 0.000%: −$2.48
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$10.71
Costs to cover: 0.200%
Break-even: 13.4 days

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.51 bp	7.9 bp −$8	10.6 bp −$106	91.8 bp −$9,180	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 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	96.684	−0.847%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.460	−0.051%	$237K	$441K	15x	as long as short
BloFin BZ-USDT	−0.0040%	4h	97.520	+0.010%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.504	−0.006%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.512	+0.002%	$147.5M	$364.5M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.510	long leg	$10.4M	$12.5M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.530	+0.021%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.474	−0.037%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.480	−0.031%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	0.000%	$28.0M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.488	−0.023%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.497	−0.013%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	0.000%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.450	−0.062%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	+0.010%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.457	−0.055%	$224K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.504	−0.006%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.049	+0.553%	—	—	—	as long as short
Vest BZ-PERP	+0.0020%	1h	101.55	+4.143%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.520	+0.010%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.526	+0.016%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.509	−0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.529	+0.019%	$153.8M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.528	+0.018%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.430	−0.082%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSDshort	+0.0056%	1h	97.486	−0.025%	$7K	$42K	5x
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.480	−0.031%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.570	+0.062%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.520	+0.010%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0294% / S −0.2173%	1h	97.495	−0.015%	$115K	—	111x	as long as short