BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.055%

Price spread now: Coinbase International against ApeX Omni+0.195%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.195%, 7d avg −0.111%

Together, before fees−0.673%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.306% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.111%): +$31 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.510	0.0100	pay 0.0013% / 1h	3m 11s	$26K	$273K	50x
Short	Coinbase International BRENTOIL-PERP-INTX	97.700	−0.0088	pay 0.0011% / 1h	3m 11s	$237K	$417K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$39.48
Price spread: +0.195% → −0.111%: $30.57
Slippage, 4 orders: −$33.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.04
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Coinbase International: live order book, 40 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, 39 min ago	8.69 bp	20.6 bp −$21	185.2 bp −$1,852	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	1.02 bp	6.0 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

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	96.970	−0.554%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0088%	1h	97.700	+0.195%	$237K	$417K	15x
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.510	0.000%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.489	−0.022%	$339K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.490	−0.021%	$148.4M	$352.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.460	−0.051%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	−0.021%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.466	−0.045%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.450	−0.062%	$9.3M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.480	−0.031%	$27.8M	$17.5M	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	97.528	+0.018%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.499	−0.011%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.510	0.000%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.490	−0.021%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.480	−0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.570	+0.062%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.66	+4.256%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.062	+0.566%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	97.504	−0.006%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	−0.021%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.485	−0.025%	$717K	$3.2M	10x	as long as short
BloFin BZ-USDT	+0.0034%	4h	97.500	−0.010%	$1.5M	$96K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.468	−0.043%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.506	−0.004%	$155.1M	$115.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.554	+0.045%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−0.072%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.460	−0.051%	$3.8M	$812K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.510	long leg	$26K	$273K	50x
Aftermath Perps BRENTUSD	+0.0105%	1h	97.554	+0.045%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.491	−0.020%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.495	−0.015%	$116K	—	111x	as long as short