BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.045%

Price spread now: GMX against ApeX Omni−0.046%7-day average −0.006% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.046%, 7d avg −0.006%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.040% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	96.980	0.0100	pay 0.0013% / 1h	56m 33s	$25K	$273K	50x
Short	GMX BRENTOIL/USD [ETH-USDC]	96.935	L +0.0211% / S +0.0068%	pay 0.0008% / 1h	56m 33s	$126K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$35.22
Price spread: −0.046% → −0.006%: −$4
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$61.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 6 min ago; GMX: 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 ApeX Omni live order book, 6 min ago	8.78 bp	19.6 bp −$20	187.6 bp −$1,876	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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	96.207	−0.797%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.175%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.950	−0.031%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.961	−0.020%	$146.6M	$376.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.031%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−0.021%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.972	−0.009%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.940	−0.041%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.950	−0.031%	$27.4M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.848	−0.136%	$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	97.008	+0.029%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.960	−0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.031%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.940	−0.041%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.990	+0.010%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.501	+0.538%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	96.842	−0.142%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	−0.010%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.965	−0.016%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.01	+4.155%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.962	−0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.975	−0.005%	$151.9M	$127.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.015	+0.036%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.082%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.041%	$3.8M	$878K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.980	long leg	$25K	$273K	50x
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.990	+0.010%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0211% / S +0.0068%	1h	96.935	−0.046%	$126K	—	111x
Aftermath Perps BRENTUSD	+0.0212%	1h	96.935	−0.047%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.966	−0.014%	$84K	$218K	20x	as long as short