BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter against ApeX Omni+0.052%78s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$400.404% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.052%, 7d avg +0.052%

Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 78 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	96.770	0.0100	pay 0.0013% / 1h	42m 02s	$25K	$272K	50x
Short	Lighter BRENTOIL	96.820	0.0032	get 0.0004% / 1h	42m 02s	$3.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$14.28
Price spread: +0.052% → +0.052%: −$0.05
Slippage, 4 orders: −$30.37
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.69
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Lighter: live order book, 11 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, 25 min ago	8.79 bp	20.1 bp −$20	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	0.52 bp	0.5 bp −$1	1.3 bp −$13	8.5 bp −$848	doesn't fit

BZ on 31 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	95.962	−0.835%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.124%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.010%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.815	+0.046%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.817	+0.048%	$146.2M	$390.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.810	+0.041%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.810	+0.041%	$15.9M	$23.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.742	−0.029%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.770	0.000%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.820	+0.052%	$27.8M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.780	+0.010%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.800	+0.031%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	+0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.830	+0.062%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.900	+0.134%	$308K	$284K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.810	+0.041%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	96.793	+0.023%	$222K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.314	+0.563%	—	—	—	as long as short
Lighter BRENTOILshort	+0.0032%	1h	96.820	+0.052%	$3.3M	$4.4M	20x
Extended XBR-USD	+0.0032%	1h	96.808	+0.039%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.165%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	96.769	−0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.835	+0.067%	$151.7M	$132.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.817	+0.049%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.760	−0.010%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.770	0.000%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.830	+0.062%	$3.8M	$894K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.770	long leg	$25K	$272K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0205% / S +0.0106%	1h	96.785	+0.016%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.812	+0.043%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0276%	1h	96.803	+0.034%	$7K	$44K	5x	as long as short