Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.021%

Price spread now: Aftermath Perps against Gate+0.015%7-day average — · you sell dearer than you buy

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.920	0	get 0.0000% / 8h	5h 53m	$9.2M	$12.3M	100x
Short	Aftermath Perps BRENTUSD	96.935	0.0209	get 0.0026% / 1h	53m 20s	$8K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.015%Rate

Funding earned: $43.88
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $21.39
Costs to cover: 0.240%
Break-even: 3.6 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	1.03 bp	10.5 bp −$10	16.3 bp −$163	30.1 bp −$3,014	42.3 bp −$21.1K
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	96.207	−0.736%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.113%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.884	−0.037%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.951	+0.032%	$146.5M	$375.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	+0.010%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	+0.041%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.890	−0.031%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.920	0.000%	$33K	—	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.920	long leg	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.960	+0.041%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.939	+0.020%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.949	+0.030%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.920	0.000%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.930	+0.010%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	+0.010%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.491	+0.589%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.922	+0.002%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	0.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.860	−0.062%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.98	+4.189%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.887	−0.035%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.957	+0.038%	$151.9M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.993	+0.075%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.850	−0.072%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.970	+0.052%	$3.8M	$877K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	+0.031%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0064%	1h	96.955	+0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSDshort	+0.0209%	1h	96.935	+0.015%	$8K	$44K	5x
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.948	+0.029%	$83K	$218K	20x	as long as short