Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h +0.020%

Price spread now: Aftermath Perps against HTX−0.090%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.090% cheaper against HTX than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	96.970	0	get 0.0000% / 4h	2h 15m	$278K	$269K	75x
Short	Aftermath Perps BRENTUSD	96.883	0.0229	get 0.0029% / 1h	15m 09s	$8K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against HTX. 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 HTXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: $48.03
Price spread: −0.090% → 0.000%: −$8.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $18.08
Costs to cover: 0.210%
Break-even: 4.4 days

Slippage unknown: HTX: live order book, 52 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 HTX live order book, 52 min ago	2.07 bp	9.1 bp −$9	16.5 bp −$165	doesn't fit	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 30 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	95.978	−1.023%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.165%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.986	+0.017%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.975	+0.005%	$146.4M	$379.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.940	−0.031%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−0.010%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.956	−0.014%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−0.041%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.980	+0.010%	$27.5M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.044%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.100%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	96.970	long leg	$278K	$269K	75x
Phemex XBRUSDT	0.0000%	4h	96.970	0.000%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.498	+0.545%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.151%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	0.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.975	+0.005%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.04	+4.197%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.947	−0.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.006	+0.037%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.036	+0.068%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.052%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.990	+0.021%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.062%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.093%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0083%	1h	96.955	−0.015%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSDshort	+0.0229%	1h	96.883	−0.090%	$8K	$44K	5x
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.989	+0.020%	$84K	$218K	20x	as long as short