Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against Gate+0.115%51s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$680.678% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.482%+$48 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.115%, 7d avg +0.057%

Together, before fees+0.431%+$43 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 0.057% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.057%. The two prices were read 51 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	Gate BZ_USDT	96.020	0	get 0.0000% / 8h	42m 34s	$9.2M	$16.3M	100x
Short	ApeX Omni BZUSDT	96.130	0.0100	get 0.0013% / 1h	42m 34s	$25K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.115%Rate

Funding earned: $21
Price spread: +0.115% → +0.057%: $5.72
Slippage, 4 orders: −$42.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.06
Costs to cover: 0.678%
Break-even: 20.7 days

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 35 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 Gate live order book, 1 min ago	0.52 bp	14.6 bp −$15	20.6 bp −$206	30.7 bp −$3,068	43.5 bp −$21.8K
Sell ApeX Omni live order book, 35 min ago	8.85 bp	19.9 bp −$20	180.9 bp −$1,809	doesn't fit	doesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.075	+0.057%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.678%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0156%	1h	96.121	+0.105%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	+0.042%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.058	+0.039%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0013%	4h	96.080	+0.062%	$145.8M	$469.2M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	96.000	−0.021%	$34K	$375K	25x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.104%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.070	+0.052%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	+0.031%	$15.9M	$26.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.120	+0.104%	$33K	—	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.020	long leg	$9.2M	$16.3M	100x
Bitget BZUSDT	0.0000%	4h	96.070	+0.052%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.059%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.070	+0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.110	+0.094%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.083%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.080	+0.062%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.034%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0010%	8h	96.072	+0.054%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0031%	1h	96.072	+0.054%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.070	+0.052%	$3.3M	$4.3M	20x	as long as short
BloFin BZ-USDT	+0.0037%	4h	96.040	+0.021%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.850	+3.989%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.128	+0.112%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.070	+0.052%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	+0.052%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.130	+0.115%	$25K	$271K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.101	+0.084%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.009	−0.011%	$671K	$5.2M	10x	as long as short