Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: Binance against ApeX Omni+0.010%99s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.512% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 2 days (all we have)−0.006%−$1 · spread now +0.010%, 7d avg +0.005%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	96.890	0.0100	pay 0.0013% / 1h	3m 54s	$25K	$273K	50x
Short	Binance BZUSDT	96.900	0	get 0.0000% / 4h	2h 03m	$146.4M	$377.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$21
Price spread: +0.010% → +0.005%: $0.56
Slippage, 4 orders: −$31.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.65
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Binance: live order book, 10 min ago.

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 ApeX Omni live order book, 63 min ago	8.79 bp	20.1 bp −$20	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.52 bp	5.5 bp −$6	6.2 bp −$62	12.4 bp −$1,238	43.4 bp −$21.7K

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	95.978	−0.941%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.083%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.883	−0.007%	$336K	$998K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.900	+0.010%	$146.4M	$377.4M	100x
Bybit BZUSDT	0.0000%	8h	96.860	−0.031%	$10.3M	$13.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.890	0.000%	$15.9M	$20.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.881	−0.009%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.840	−0.052%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.900	+0.010%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.868	−0.023%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.881	−0.009%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.900	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.910	+0.021%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.840	−0.052%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.890	0.000%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.423	+0.550%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.892	+0.002%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.900	+0.010%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.896	+0.006%	$677K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.96	+4.201%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.892	+0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.905	+0.015%	$151.8M	$126.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.954	+0.066%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.860	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.950	+0.062%	$3.8M	$882K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.890	long leg	$25K	$273K	50x
Hotstuff BRENTOIL-PERP	+0.0144%	1h	96.930	+0.041%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0210% / S +0.0074%	1h	96.895	+0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0222%	1h	96.929	+0.040%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.902	+0.012%	$83K	$218K	20x	as long as short