Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against ApeX Omni−0.138%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$880.879% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.138%, 7d avg +0.014%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.152% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	93.910	0.0100	pay 0.0013% / 1h	7m 19s	$25K	$274K	50x
Short	SunX BRENTOIL-USDT	93.780	0	get 0.0000% / 4h	1h 07m	$4K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$21
Price spread: −0.138% → +0.014%: −$15.21
Slippage, 4 orders: −$69.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$124.1
Costs to cover: 0.879%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; SunX: live order book, 2 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, 38 min ago	9.56 bp	21.1 bp −$21	198.0 bp −$1,980	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	17.02 bp	25.2 bp −$25	34.9 bp −$349	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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	93.830	−0.085%	$32K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.736	−0.186%	$105K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.777	−0.142%	$2.2M	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0283%	1h	93.730	−0.192%	$29K	$388K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.986%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	+0.256%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−0.149%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0050%	8h	93.760	−0.160%	$10.6M	$16.8M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	+0.159%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0016%	4h	93.787	−0.131%	$144.0M	$465.9M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	+0.074%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.830	−0.085%	$322K	$639K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.760	−0.160%	$15.6M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.730	−0.192%	$8.7M	$13.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.770	−0.149%	$27.2M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.191	+0.299%	$8.9M	$6.6M	—	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	93.780	−0.138%	$4K	$1.6M	20x
HTX BRENTOIL-USDT	0.0000%	4h	94.160	+0.266%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.120	+0.224%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	93.991	+0.086%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.358	+0.477%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.440	+3.759%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.800	−0.117%	$3.4M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.769	−0.150%	$750K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.800	−0.117%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.810	−0.106%	$137.8M	$183.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.792	−0.126%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.830	−0.085%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.830	−0.085%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	93.910	long leg	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.065	+0.165%	$22K	—	111x	as long as short