Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0320%/8h= −35.0% APRnext payment $0.40 per $10,000 · paid last 24h −0.096%
Price spread now: Injective against ApeX Omni−0.841%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 0.841% cheaper against ApeX Omni than usual: you would sell low and buy high (−$84 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BZUSDT96.4800.0100pay 0.0013% / 1h35m 03s$25K$272K50x
ShortInjective BRENT/USDC PERP95.669−0.0220pay 0.0028% / 1h35m 03s$8K$7K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$67.2
Price spread: −0.841% → 0.000%
−$84.06
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$161.28
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 37 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 37 min ago8.84 bp20.1 bp −$20200.5 bp −$2,005doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERPshort−0.0220%1h95.669−0.841%$8K$7K30x
Coinbase International BRENTOIL-PERP-INTX−0.0136%1h96.070−0.425%$232K$468K15xas long as short
GMX BRENTOIL/USD [ETH-USDC]L −0.0099% / S +0.0137%1h96.475−0.005%$33K111xas long as short
BloFin BZ-USDT−0.0013%4h96.470−0.010%$1.5M$95K50xas long as short
Aster BZUSDT0.0000%4h96.454−0.027%$335K$1.2M50xas long as short
Binance BZUSDT0.0000%4h96.464−0.017%$145.6M$428.1M100xas long as short
Bybit BZUSDT0.0000%8h96.450−0.031%$10.4M$16.0M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.440−0.041%$15.9M$25.3M50xas long as short
RISEx BZ/USDC0.0000%1h96.472−0.008%$2.2M$1.3M20xas long as short
Gate BZ_USDT0.0000%8h96.420−0.062%$9.2M$14.3M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h96.460−0.021%$27.6M$19.8M100xas long as short
Variational Omni BZ0.0000%4h96.460−0.021%$9.3M$7.5Mas long as short
GRVT BZ_USDT_Perp0.0000%4h96.367−0.117%$24K$375K25xas long as short
SunX BRENTOIL-USDT0.0000%4h96.490+0.010%$4K$2.6M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h96.500+0.021%$103K$271K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.440−0.041%$307K$229K75xas long as short
Phemex XBRUSDT0.0000%4h96.470−0.010%$1.2M$94K100xas long as short
edgeX BZUSDC+0.0007%4h96.402−0.081%$221K$233K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h96.999+0.538%as long as short
Hotstuff BRENTOIL-PERP+0.0016%1h96.500+0.021%$33K20xas long as short
Kraken Futures PF_BRENTOILUSD+0.0020%1h96.495+0.015%$83K$235K20xas long as short
Ondo Perps BRENT-USD.P+0.0022%1h96.420−0.062%$3.1M$1.1M15xas long as short
Lighter BRENTOIL+0.0032%1h96.450−0.031%$3.4M$4.3M20xas long as short
Extended XBR-USD+0.0032%1h96.456−0.025%$746K$5.4M10xas long as short
Paradex BZ-USD-PERP+0.0041%8h96.475−0.005%$3K$5215xas long as short
Vest BZ-PERP+0.0046%1h100.55+4.218%$735K10xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h96.475−0.005%$151.4M$142.3M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.531+0.053%$1.5M$511K20xas long as short
KuCoin BZUSDTM+0.0100%4h96.500+0.021%$3.8M$987K50xas long as short
ApeX Omni BZUSDTlong+0.0100%1h96.480long leg$25K$272K50x
Aftermath Perps BRENTUSD+0.0462%1h96.450−0.031%$7K$45K5xas long as short