Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.008%

Price spread now: Aftermath Perps against KuCoin−0.003%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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	95.370	0.0100	pay 0.0050% / 4h	2h 56m	$3.4M	$1.1M	50x
Short	Aftermath Perps BRENTUSD	95.367	0.0056	get 0.0007% / 1h	56m 30s	$7K	$39K	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 −0.003%Rate

Funding earned: −$9.32
Price spread: −0.003% → 0.000%: −$0.34
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: −$30.66
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	1.57 bp	9.6 bp −$10	46.8 bp −$468	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0380%	1h	95.260	−0.115%	$98K	$268K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.263	−0.113%	$81K	$204K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.234	−0.142%	$2.3M	$1.8M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	−0.168%	$14K	$328K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0110%	1h	95.060	−0.325%	$3.0M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.240	−0.136%	$276K	$590K	15x	as long as short
Bybit BZUSDT	−0.0043%	8h	95.360	−0.010%	$10.1M	$14.7M	100x	as long as short
BloFin BZ-USDT	−0.0025%	4h	95.220	−0.157%	$1.5M	$102K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.345	−0.026%	$328K	$703K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.371	+0.001%	$146.4M	$394.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.340	−0.031%	$16.0M	$23.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.300	−0.073%	$9.1M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.340	−0.031%	$27.8M	$22.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	−0.139%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.270	−0.105%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.380	+0.010%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.189%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.297%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	98.970	+3.775%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.168	−0.212%	$219K	$230K	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0024%	1h	95.298	−0.075%	$1.6M	$386K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	95.189	−0.190%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.220	−0.157%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.277	−0.098%	$747K	$2.7M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	95.300	−0.073%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+1.019%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.408	+0.040%	$153.3M	$128.4M	20x	as long as short
Aftermath Perps BRENTUSDshort	+0.0056%	1h	95.367	−0.003%	$7K	$39K	5x
KuCoin BZUSDTMlong	+0.0100%	4h	95.370	long leg	$3.4M	$1.1M	50x
ApeX Omni BZUSDT	+0.0100%	1h	95.320	−0.052%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.345	−0.026%	$33K	—	111x	as long as short