Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%

Price spread now: KuCoin against ApeX Omni−0.104%97s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

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

costs, in and out, $10k−$670.672% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.104%, 7d avg +0.015%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.119% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 97 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	96.210	0.0100	pay 0.0013% / 1h	15m 53s	$25K	$271K	50x
Short	KuCoin BZUSDTM	96.110	0.0100	get 0.0050% / 4h	15m 53s	$3.8M	$988K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.015%: −$11.88
Slippage, 4 orders: −$45.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.07
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; KuCoin: live order book, 7 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, 61 min ago	8.85 bp	19.2 bp −$19	183.2 bp −$1,832	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.04 bp	12.4 bp −$12	43.5 bp −$435	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	96.195	−0.016%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.755%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0104%	1h	96.250	+0.042%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.146%	$232K	$551K	15x	as long as short
BloFin BZ-USDT	−0.0037%	4h	96.190	−0.021%	$1.5M	$96K	50x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.190	−0.021%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	0.000%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−0.010%	$145.8M	$453.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.220	+0.010%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.200	−0.010%	$15.8M	$26.5M	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	96.160	−0.052%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.210	0.000%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.030%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.210	0.000%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.230	+0.021%	$103K	$275K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.073%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	−0.021%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.190	−0.021%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0028%	8h	96.176	−0.036%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.880	+3.815%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.249	+0.041%	$151.1M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.269	+0.061%	$1.5M	$527K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	96.270	+0.062%	$6K	$44K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.110	−0.104%	$3.8M	$988K	50x
ApeX Omni BZUSDTlong	+0.0100%	1h	96.210	long leg	$25K	$271K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.244	+0.036%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0288%	1h	96.220	+0.010%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0402%	1h	96.180	−0.031%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0576%	1h	96.125	−0.088%	$675K	$5.2M	10x	as long as short