BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.054%

Price spread now: ApeX Omni against Coinbase International+0.237%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.419%+$42 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.237%, 7d avg +0.106%

Together, before fees+0.535%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.131% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.080	−0.0056	get 0.0007% / 1h	31m 25s	$236K	$405K	15x
Short	ApeX Omni BZUSDT	97.310	0.0100	get 0.0013% / 1h	31m 25s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.237%Rate

Funding earned: $32.76
Price spread: +0.237% → +0.106%: $13.14
Slippage, 4 orders: −$34.77
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.87
Costs to cover: 0.548%
Break-even: 8.9 days

Slippage from Coinbase International: live order book, 2 min ago; ApeX Omni: live order book, 66 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 Coinbase International live order book, 2 min ago	1.03 bp	8.8 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 66 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	−0.0264%	1h	97.230	+0.155%	$100K	$263K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.760%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0079%	1h	97.170	+0.093%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0056%	1h	97.080	long leg	$236K	$405K	15x
GRVT BZ_USDT_Perp	−0.0054%	4h	97.280	+0.206%	$13K	$331K	25x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.242	+0.167%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.251	+0.176%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	+0.206%	$338K	$735K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.280	+0.206%	$148.6M	$354.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.280	+0.206%	$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	97.250	+0.175%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.220	+0.144%	$9.2M	$10.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.300	+0.227%	$27.9M	$18.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.329	+0.256%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	+0.175%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.270	+0.196%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.300	+0.227%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.267	+0.193%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.23	+4.275%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.812	+0.754%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.250	+0.175%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.307	+0.234%	$750K	$2.7M	10x	as long as short
BloFin BZ-USDT	+0.0044%	4h	97.270	+0.196%	$1.5M	$100K	50x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	97.267	+0.193%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.300	+0.227%	$155.4M	$115.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.300	+0.227%	$1.6M	$344K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0071%	1h	97.350	+0.278%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	+0.206%	$3.8M	$791K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.310	+0.237%	$26K	$273K	50x
Hotstuff BRENTOIL-PERP	+0.0192%	1h	97.300	+0.227%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.235	+0.160%	$115K	—	111x	as long as short