Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.028%

Price spread now: ApeX Omni against edgeX+0.033%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.033%, 7d avg +0.027%

Together, before fees+0.143%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.338	0.0003	pay 0.0002% / 4h	3h 22m	$223K	$226K	20x
Short	ApeX Omni BZUSDT	97.370	0.0100	get 0.0013% / 1h	22m 48s	$26K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.033%Rate

Funding earned: $20.29
Price spread: +0.033% → +0.027%: $0.63
Slippage, 4 orders: −$52.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.05
Costs to cover: 0.720%
Break-even: 24.6 days

Slippage from edgeX: live order book, 29 min ago; ApeX Omni: live order book, 29 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 edgeX live order book, 29 min ago	10.29 bp	14.8 bp −$15	15.7 bp −$157	61.5 bp −$6,145	doesn't fit
Sell ApeX Omni live order book, 29 min ago	8.74 bp	21.3 bp −$21	180.9 bp −$1,809	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	96.628	−0.729%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.070%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0020%	4h	97.330	−0.008%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.357	+0.020%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.326	−0.012%	$147.2M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.320	−0.018%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.330	−0.008%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.321	−0.017%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.300	−0.039%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.330	−0.008%	$27.9M	$16.6M	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	97.297	−0.042%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.313	−0.025%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	+0.023%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.340	+0.002%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.240	−0.101%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	+0.146%	$1.2M	$82K	100x	as long as short
edgeX BZUSDClong	+0.0003%	4h	97.338	long leg	$223K	$226K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.879	+0.556%	—	—	—	as long as short
Vest BZ-PERP	+0.0027%	1h	101.39	+4.163%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.340	+0.002%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.349	+0.012%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.325	−0.013%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.349	+0.011%	$153.7M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.378	+0.041%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.280	−0.059%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.321	−0.017%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.330	−0.008%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0098%	1h	97.347	+0.010%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	+0.054%	$3.8M	$853K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.370	+0.033%	$26K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0257% / S −0.1401%	1h	97.335	−0.003%	$115K	—	111x	as long as short