Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit+0.073%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.073%, 7d avg 0.000%

Together, before fees+0.217%+$22 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 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.420	0	get 0.0000% / 8h	7h 31m	$10.4M	$15.9M	100x
Short	ApeX Omni BZUSDT	96.490	0.0100	get 0.0013% / 1h	31m 08s	$25K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.073%Rate

Funding earned: $21
Price spread: +0.073% → 0.000%: $7.26
Slippage, 4 orders: −$35.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.72
Costs to cover: 0.570%
Break-even: 16.6 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 41 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 Bybit live order book, 2 min ago	0.52 bp	7.7 bp −$8	10.9 bp −$109	94.2 bp −$9,424	doesn't fit
Sell ApeX Omni live order book, 41 min ago	8.84 bp	20.2 bp −$20	194.8 bp −$1,948	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
Injective BRENT/USDC PERP	−0.0220%	1h	95.669	−0.779%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.363%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0099% / S +0.0137%	1h	96.445	+0.026%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.454	+0.036%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.440	+0.021%	$145.6M	$424.8M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.420	long leg	$10.4M	$15.9M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.440	+0.021%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.431	+0.012%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.390	−0.031%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.440	+0.021%	$27.6M	$19.8M	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	96.430	+0.010%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.460	+0.041%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.450	+0.031%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.460	+0.041%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.010%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	+0.052%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.968	+0.569%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.450	+0.031%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0014%	4h	96.470	+0.052%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.463	+0.044%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.390	−0.031%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.440	+0.021%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.440	+0.020%	$746K	$5.4M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.470	+0.052%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.441	+0.022%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.52	+4.252%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.459	+0.040%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.503	+0.086%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.470	+0.052%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.490	+0.073%	$25K	$272K	50x
Aftermath Perps BRENTUSD	+0.0444%	1h	96.487	+0.070%	$7K	$45K	5x	as long as short