Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: ApeX Omni against Binance+0.129%89s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$510.510% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.129%, 7d avg −0.036%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.165% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.036%. The two prices were read 89 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	Binance BZUSDT	97.285	0	get 0.0000% / 4h	3h 36m	$148.7M	$353.9M	100x
Short	ApeX Omni BZUSDT	97.410	0.0100	get 0.0013% / 1h	36m 00s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.129%Rate

Funding earned: $21
Price spread: +0.129% → −0.036%: $16.5
Slippage, 4 orders: −$31
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$13.5
Costs to cover: 0.510%
Break-even: 11.5 days

Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 61 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 Binance live order book, 8 min ago	0.51 bp	5.5 bp −$6	6.3 bp −$63	12.0 bp −$1,196	26.4 bp −$13.2K
Sell ApeX Omni live order book, 61 min ago	8.73 bp	19.8 bp −$20	189.8 bp −$1,898	doesn't fit	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0366%	1h	97.340	+0.057%	$100K	$262K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.969%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0074%	1h	97.320	+0.036%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.201%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.350	+0.067%	$2.4M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0033%	4h	97.350	+0.067%	$1.5M	$100K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.371	+0.088%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.350	+0.067%	$338K	$761K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.285	long leg	$148.7M	$353.9M	100x
Bybit BZUSDT	0.0000%	8h	97.320	+0.036%	$10.3M	$13.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.280	−0.005%	$16.2M	$19.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.290	+0.005%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.310	+0.026%	$28.0M	$18.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.409	+0.128%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	+0.071%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.400	+0.118%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.360	+0.077%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.380	+0.098%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.420	+0.139%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.33	+4.158%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.914	+0.647%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.354	+0.071%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.340	+0.057%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.319	+0.035%	$753K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.411	+0.130%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.370	+0.088%	$155.5M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.410	+0.129%	$1.6M	$345K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.429	+0.148%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.380	+0.098%	$3.8M	$799K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.410	+0.129%	$26K	$273K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.335	+0.052%	$116K	—	111x	as long as short