Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.030%

Price spread now: GRVT against ApeX Omni+0.031%7-day average +0.008% · 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−$53as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.031%, 7d avg +0.008%

Together, before fees−0.236%+ Points / potential airdropGRVT: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.023% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.008%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	94.410	0.0100	pay 0.0013% / 1h	47m 54s	$25K	$274K	50x
Short	GRVT BZ_USDT_Perp	94.439	−0.0006	pay 0.0003% / 4h	47m 54s	$16K	$307K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$22.26
Price spread: +0.031% → +0.008%: $2.27
Slippage, 4 orders: −$35.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$74.81
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; GRVT: live order book, 57 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, 57 min ago	9.56 bp	21.1 bp −$21	198.0 bp −$1,980	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	0.53 bp	6.0 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit

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
RISEx BZ/USDC	−0.0384%	1h	94.889	+0.507%	$2.2M	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0382%	1h	94.830	+0.445%	$29K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.894	+0.513%	$107K	$277K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.950	+0.572%	$236K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0065%	8h	94.800	+0.413%	$10.5M	$18.0M	100x	as long as short
BloFin BZ-USDT	−0.0056%	4h	94.890	+0.508%	$1.5M	$124K	50x	as long as short
Binance BZUSDT	−0.0022%	4h	94.823	+0.437%	$146.0M	$477.6M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.416	+0.006%	$217K	$231K	20x	as long as short
GRVT BZ_USDT_Perpshort	−0.0006%	4h	94.439	+0.031%	$16K	$307K	25x
Aster BZUSDT	0.0000%	4h	94.834	+0.449%	$326K	$684K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.780	+0.392%	$15.8M	$30.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.820	+0.434%	$8.9M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.800	+0.413%	$27.5M	$31.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.410	0.000%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.860	+0.477%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.000	+0.625%	$243K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	+0.551%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	94.521	+0.118%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.430	+1.081%	—	—	—	as long as short
Vest BZ-PERP	+0.0016%	1h	98.630	+4.470%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.850	+0.466%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.824	+0.439%	$759K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.451%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	94.851	+0.467%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.890	+0.508%	$142.5M	$187.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.958	+0.580%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.940	+0.561%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.750	+0.360%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	94.410	long leg	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.905	+0.524%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	+0.074%	$33K	—	20x	as long as short