BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.044%

Price spread now: ApeX Omni against Deribit+0.021%74s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.555% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.432%+$43 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.021%, 7d avg −0.003%

Together, before fees+0.454%+$45 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 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 74 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	Deribit BRENTOIL_USDC-PERPETUAL	96.470	0	get 0.0000% / 1h	30m 22s	$103K	$271K	15x
Short	ApeX Omni BZUSDT	96.490	0.0100	get 0.0013% / 1h	30m 22s	$25K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $21
Price spread: +0.021% → −0.003%: $2.34
Slippage, 4 orders: −$38.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.18
Costs to cover: 0.555%
Break-even: 17.7 days

Slippage from Deribit: live order book, 43 min ago; ApeX Omni: live order book, 42 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 Deribit live order book, 43 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 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	−0.830%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.415%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.455	−0.016%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.461	−0.009%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.452	−0.018%	$145.6M	$424.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.460	−0.010%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.440	−0.031%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.437	−0.034%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.400	−0.073%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.460	−0.010%	$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	−0.041%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.460	−0.010%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.450	−0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.470	long leg	$103K	$271K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.062%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	0.000%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.988	+0.537%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.450	−0.021%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0014%	4h	96.470	0.000%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.475	+0.005%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0031%	1h	96.360	−0.114%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.460	−0.010%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.461	−0.010%	$748K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.452	−0.018%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.53	+4.209%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.479	+0.009%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.505	+0.036%	$1.5M	$511K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	96.480	+0.010%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.480	+0.010%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.490	+0.021%	$25K	$272K	50x
Aftermath Perps BRENTUSD	+0.0444%	1h	96.482	+0.012%	$7K	$45K	5x	as long as short