Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.021%

Price spread now: HTX against Aftermath Perps−0.234%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on HTX

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 −$2 a day on $10k at the current rate, and HTX is 0.234% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$23 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	Aftermath Perps BRENTUSD	97.529	0.0082	pay 0.0010% / 1h	48m 05s	$7K	$40K	5x
Short	HTX BRENTOIL-USDT	97.300	0	get 0.0000% / 4h	48m 05s	$279K	$254K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.234%Rate

Funding earned: −$17.27
Price spread: −0.234% → 0.000%: −$23.44
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$61.71
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; HTX: live order book, 54 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 HTX live order book, 54 min ago	2.56 bp	9.6 bp −$10	10.6 bp −$106	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	97.155	−0.383%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0096%	1h	97.440	−0.091%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.176%	$237K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0032%	4h	97.380	−0.152%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.419	−0.113%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.404	−0.128%	$148.4M	$352.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	−0.142%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	−0.152%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.392	−0.140%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.173%	$9.2M	$10.8M	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	97.400	−0.132%	$27.9M	$18.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.526	−0.003%	$9.4M	$6.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.530	+0.001%	$18K	$329K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.420	−0.111%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.400	−0.132%	$100K	$253K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.300	−0.234%	$279K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.460	−0.070%	$1.2M	$87K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.533	+0.004%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.52	+4.093%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.973	+0.456%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	−0.152%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.391	−0.141%	$737K	$3.2M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0036%	1h	97.340	−0.193%	$3.1M	$1.0M	15x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.371	−0.162%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.420	−0.111%	$155.2M	$114.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.465	−0.065%	$1.6M	$462K	20x	as long as short
Aftermath Perps BRENTUSDlong	+0.0082%	1h	97.529	long leg	$7K	$40K	5x
KuCoin BZUSDTM	+0.0100%	4h	97.410	−0.122%	$3.8M	$805K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	+0.032%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.409	−0.122%	$82K	$201K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.425	−0.106%	$116K	—	111x	as long as short