Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bitget−0.053%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.053%, 7d avg −0.006%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.047% cheaper against Bitget than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.006%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	94.470	0	get 0.0000% / 4h	50m 53s	$27.4M	$30.3M	100x
Short	ApeX Omni BZUSDT	94.420	0.0100	get 0.0013% / 1h	50m 53s	$25K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → −0.006%: −$4.71
Slippage, 4 orders: −$34.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.6
Costs to cover: 0.569%
Break-even: 20.5 days

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 54 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 Bitget live order book, 1 min ago	1.06 bp	7.7 bp −$8	9.4 bp −$94	15.2 bp −$1,520	47.1 bp −$23.5K
Sell ApeX Omni live order book, 54 min ago	9.56 bp	20.6 bp −$21	204.1 bp −$2,041	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
RISEx BZ/USDC	−0.0384%	1h	94.408	−0.066%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0336%	1h	94.431	−0.041%	$107K	$274K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0279%	1h	94.430	−0.042%	$29K	$384K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.339%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0057%	8h	94.430	−0.042%	$10.4M	$17.4M	100x	as long as short
BloFin BZ-USDT	−0.0048%	4h	94.420	−0.053%	$1.5M	$123K	50x	as long as short
Binance BZUSDT	−0.0023%	4h	94.490	+0.021%	$145.5M	$464.9M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−0.131%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.370	−0.106%	$16K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.450	−0.021%	$324K	$634K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.450	−0.021%	$15.7M	$28.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.370	−0.106%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	94.470	long leg	$27.4M	$30.3M	100x
Variational Omni BZ	0.0000%	4h	94.280	−0.201%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.440	−0.032%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.340	−0.138%	$242K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.400	−0.074%	$1.2M	$93K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0010%	1h	94.315	−0.164%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.959	+0.518%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.120	+3.864%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.390	−0.085%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.479	+0.010%	$758K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.387%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.445	−0.026%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.447	−0.024%	$140.3M	$183.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.460	−0.011%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.400	−0.074%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.410	−0.064%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	94.420	−0.053%	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.425	−0.048%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	+0.011%	$33K	—	20x	as long as short