Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%

Price spread now: Aftermath Perps against KuCoin−0.148%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aftermath Perps is 0.148% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.430	0.0100	pay 0.0050% / 4h	6m 53s	$3.8M	$801K	50x
Short	Aftermath Perps BRENTUSD	97.286	0.0080	get 0.0010% / 1h	6m 53s	$7K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$4.2
Price spread: −0.148% → 0.000%: −$14.83
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$40.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	0.51 bp	11.0 bp −$11	36.4 bp −$364	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 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	96.342	−1.117%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.470	+0.041%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.051%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0014%	1h	97.390	−0.041%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.470	+0.041%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.433	+0.003%	$148.4M	$351.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.440	+0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.410	−0.021%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.411	−0.019%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.390	−0.041%	$9.2M	$11.2M	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	97.460	+0.031%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	−0.254%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.249%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.450	+0.021%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	0.000%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	+0.041%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.49	+4.167%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.017	+0.602%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.166	−0.271%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.460	+0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.470	+0.041%	$738K	$2.9M	10x	as long as short
BloFin BZ-USDT	+0.0048%	4h	97.430	0.000%	$1.5M	$99K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.456	+0.026%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.480	+0.051%	$155.7M	$115.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.480	+0.051%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0080%	1h	97.286	−0.148%	$7K	$40K	5x
KuCoin BZUSDTMlong	+0.0100%	4h	97.430	long leg	$3.8M	$801K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.205%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.466	+0.037%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0176%	1h	97.480	+0.051%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.475	+0.046%	$116K	—	111x	as long as short