BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%

Price spread now: tradeXYZ against ApeX Omni+0.003%45s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as 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−$580.582% of the position

Long on ApeX Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.003%, 7d avg +0.074%

Together, before fees−0.023%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.071% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.074%). Swap the legs. The two prices were read 45 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	96.970	0.0100	pay 0.0013% / 1h	48m 33s	$25K	$273K	50x
Short	tradeXYZ xyz:BRENTOIL	96.973	0.0050	get 0.0006% / 1h	48m 33s	$151.9M	$125.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$10.5
Price spread: +0.003% → +0.074%: −$7.11
Slippage, 4 orders: −$30.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$75.84
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; tradeXYZ: 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, 14 min ago	8.78 bp	19.6 bp −$20	187.6 bp −$1,876	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.05 bp	9.8 bp −$10	10.6 bp −$106	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.787%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.165%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.970	0.000%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.947	−0.024%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.950	−0.021%	$146.5M	$375.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.021%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−0.010%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.949	−0.022%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.062%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.950	−0.021%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.006	+0.037%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.042%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.960	−0.010%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	+0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.950	−0.021%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.492	+0.538%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.887	−0.085%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	−0.021%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.963	−0.007%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.00	+4.156%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.949	−0.022%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.973	+0.003%	$151.9M	$125.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.015	+0.046%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.103%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.010	+0.041%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.970	long leg	$25K	$273K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0061%	1h	96.945	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0197%	1h	97.000	+0.031%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.977	+0.007%	$84K	$218K	20x	as long as short