Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: OKX against ApeX Omni+0.072%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.072%, 7d avg −0.004%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.075% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.004%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.790	0.0100	pay 0.0013% / 1h	49m 16s	$26K	$273K	50x
Short	OKX BZ-USDT-SWAP	97.860	0	get 0.0000% / 4h	1h 49m	$16.1M	$20.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → −0.004%: $7.54
Slippage, 4 orders: −$31.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.11
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; OKX: live order book, 4 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, 58 min ago	8.72 bp	19.1 bp −$19	188.6 bp −$1,886	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.51 bp	5.7 bp −$6	9.5 bp −$95	29.6 bp −$2,963	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	96.817	−0.995%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.266%	$235K	$416K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	97.840	+0.051%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.870	+0.082%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.861	+0.073%	$147.8M	$353.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.840	+0.051%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.860	+0.072%	$16.1M	$20.0M	50x
RISEx BZ/USDC	0.0000%	1h	97.842	+0.053%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.820	+0.031%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.880	+0.092%	$27.9M	$17.4M	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	97.789	−0.001%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.770	−0.020%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.890	+0.102%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.860	+0.072%	$101K	$251K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.770	−0.020%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.840	+0.051%	$1.2M	$79K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.415	+0.639%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.96	+4.264%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0014%	4h	97.767	−0.023%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.860	+0.072%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.864	+0.076%	$678K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	97.890	+0.102%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.864	+0.076%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.883	+0.095%	$155.0M	$118.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.900	+0.112%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.770	−0.020%	$3.1M	$997K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0076%	1h	97.781	−0.009%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.890	+0.102%	$3.9M	$830K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.790	long leg	$26K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.874	+0.086%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.865	+0.077%	$116K	—	111x	as long as short