Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bitget against ApeX Omni+0.094%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.094%, 7d avg +0.010%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.084% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.010%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	95.390	0.0100	pay 0.0013% / 1h	20m 57s	$25K	$274K	50x
Short	Bitget BZUSDT	95.480	0	get 0.0000% / 4h	2h 20m	$28.0M	$25.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$21
Price spread: +0.094% → +0.010%: $8.43
Slippage, 4 orders: −$32.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.82
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Bitget: live order book, 1 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, 29 min ago	8.87 bp	20.2 bp −$20	187.9 bp −$1,879	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.52 bp	7.8 bp −$8	9.8 bp −$98	25.4 bp −$2,540	57.5 bp −$28.7K

BZ on 31 exchanges

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
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.430	+0.042%	$95K	$244K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.453	+0.066%	$2.3M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0274%	1h	95.450	+0.063%	$61K	$310K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.480	+0.094%	$271K	$645K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0060%	4h	95.610	+0.231%	$14K	$320K	25x	as long as short
BloFin BZ-USDT	−0.0032%	4h	95.480	+0.094%	$1.6M	$108K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.538	+0.155%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.495	+0.110%	$147.2M	$417.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.470	+0.084%	$10.0M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.460	+0.073%	$16.2M	$24.7M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.430	+0.042%	$9.1M	$12.5M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	95.480	+0.094%	$28.0M	$25.6M	100x
Variational Omni BZ	0.0000%	4h	95.625	+0.247%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.490	+0.105%	$4K	$1.9M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.400	+0.010%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.490	+0.105%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.991	+0.630%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	95.539	+0.156%	$219K	$230K	20x	as long as short
Vest BZ-PERP	+0.0018%	1h	99.230	+4.026%	—	$735K	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0020%	1h	95.430	+0.042%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.470	+0.084%	$3.5M	$5.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.480	+0.094%	$722K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.581%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	95.580	+0.199%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0040%	8h	95.451	+0.064%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0042%	1h	95.584	+0.203%	$7K	$38K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.501	+0.116%	$149.0M	$136.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.450	+0.063%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.520	+0.136%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	95.390	long leg	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.485	+0.100%	$33K	—	111x	as long as short