Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.024%

Price spread now: Aftermath Perps against Aster−0.041%7-day average — · you buy dearer than you sell

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.041% cheaper against Aster than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.040	0	get 0.0000% / 4h	1h 08m	$337K	$969K	50x
Short	Aftermath Perps BRENTUSD	97.001	0.0127	get 0.0016% / 1h	8m 03s	$7K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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 AsterbpFee Aftermath PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: $26.68
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $5.62
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Aster: live order book, 60 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 Aster live order book, 60 min ago	2.06 bp	6.1 bp −$6	6.3 bp −$63	58.2 bp −$5,816	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	96.141	−0.926%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.052%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.030	−0.010%	$1.5M	$91K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.040	long leg	$337K	$969K	50x
Binance BZUSDT	0.0000%	4h	97.055	+0.016%	$146.8M	$372.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.050	+0.010%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.040	0.000%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.977	−0.065%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.990	−0.052%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.090	+0.052%	$27.5M	$16.3M	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	96.976	−0.066%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.994	−0.047%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.030	−0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.070	+0.031%	$104K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.980	−0.062%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.100	+0.062%	$1.2M	$86K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.534	+0.509%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	96.979	−0.063%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.050	+0.010%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.061	+0.022%	$675K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0040%	1h	101.06	+4.143%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.991	−0.051%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.060	+0.021%	$152.0M	$124.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.045	+0.005%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.950	−0.093%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.000	−0.041%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	+0.041%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.010	−0.031%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSDshort	+0.0127%	1h	97.001	−0.041%	$7K	$43K	5x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0186% / S +0.0026%	1h	96.995	−0.046%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.042	+0.002%	$84K	$218K	20x	as long as short