Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h −0.025%

Price spread now: BloFin against Aftermath Perps+0.102%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 BloFin

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. BloFin is 0.102% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	96.931	0.0165	pay 0.0021% / 1h	26m 54s	$7K	$43K	5x
Short	BloFin BZ-USDT	97.030	0.0021	get 0.0010% / 4h	1h 26m	$1.5M	$86K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$30.36
Price spread: +0.102% → 0.000%: $10.19
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.18
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	1.03 bp	9.1 bp −$9	10.9 bp −$109	24.8 bp −$2,479	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	96.164	−0.792%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.032%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.016	+0.087%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.009	+0.080%	$146.8M	$373.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	+0.061%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	+0.071%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.970	+0.040%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.970	+0.040%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.990	+0.061%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.885	−0.048%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.909	−0.023%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.010	+0.081%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	+0.092%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.012%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.020	+0.092%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	96.894	−0.038%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.530	+0.617%	—	—	—	as long as short
BloFin BZ-USDTshort	+0.0021%	4h	97.030	+0.102%	$1.5M	$86K	50x
Lighter BRENTOIL	+0.0032%	1h	97.040	+0.112%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.023	+0.095%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.04	+4.239%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.981	+0.052%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.034	+0.106%	$152.0M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.026	+0.098%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.032%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.050	+0.122%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−0.032%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	96.990	+0.061%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSDlong	+0.0165%	1h	96.931	long leg	$7K	$43K	5x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0042%	1h	96.985	+0.055%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.017	+0.089%	$84K	$218K	20x	as long as short