BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.065%

Price spread now: Deribit against ApeX Omni0.000%74s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$560.558% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.430%−$43 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now 0.000%, 7d avg +0.001%

Together, before fees−0.554%−$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 74 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	96.030	0.0100	pay 0.0013% / 1h	16m 02s	$25K	$271K	50x
Short	Deribit BRENTOIL_USDC-PERPETUAL	96.030	0	get 0.0000% / 1h	16m 02s	$102K	$279K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → +0.001%: −$0.11
Slippage, 4 orders: −$38.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$76.88
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Deribit: live order book, 3 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, 66 min ago	8.86 bp	20.7 bp −$21	193.3 bp −$1,933	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	0.52 bp	11.2 bp −$11	11.4 bp −$114	doesn't fit	doesn't fit

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.005	−0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.813%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.017	−0.013%	$2.2M	$1.3M	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0053%	1h	95.990	−0.042%	$3.0M	$1.1M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.021%	$232K	$638K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	96.030	0.000%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.027	−0.003%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.011	−0.020%	$145.6M	$476.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.020	−0.010%	$10.3M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.990	−0.042%	$15.8M	$27.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.970	−0.062%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.000	−0.031%	$27.4M	$21.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.070%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.005	−0.026%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	96.030	0.000%	$102K	$279K	15x
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.094%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.030	0.000%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	95.954	−0.079%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0006%	1h	96.053	+0.024%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0017%	8h	96.004	−0.027%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.020	−0.010%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.934	−0.100%	$670K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.04	+4.176%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.054	+0.025%	$147.8M	$146.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.076	+0.048%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.050	+0.021%	$3.8M	$999K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.030	long leg	$25K	$271K	50x
Hotstuff BRENTOIL-PERP	+0.0208%	1h	96.070	+0.042%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.048	+0.019%	$81K	$235K	20x	as long as short