Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.096%
Price spread now: ApeX Omni against Injective+0.981%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and ApeX Omni is 0.981% dearer against Injective than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BRENT/USDC PERP95.978−0.0220get 0.0028% / 1h58m 07s$8K$7K30x
ShortApeX Omni BZUSDT96.9200.0100get 0.0013% / 1h58m 07s$25K$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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

Funding earned
$67.2
Price spread: +0.981% → 0.000%
$98.15
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$155.33
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell ApeX Omni live order book, 4 min ago8.78 bp19.7 bp −$20184.0 bp −$1,840doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERPlong−0.0220%1h95.978long leg$8K$7K30x
Coinbase International BRENTOIL-PERP-INTX−0.0104%1h96.810+0.867%$234K$425K15xas long as short
Aster BZUSDT0.0000%4h96.964+1.027%$337K$998K50xas long as short
Binance BZUSDT0.0000%4h96.943+1.005%$146.5M$376.8M100xas long as short
Bybit BZUSDT0.0000%8h96.930+0.992%$10.3M$13.6M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.950+1.013%$15.9M$21.0M50xas long as short
RISEx BZ/USDC0.0000%1h97.001+1.066%$2.3M$1.3M20xas long as short
Gate BZ_USDT0.0000%8h96.910+0.971%$9.2M$12.3M100xas long as short
Bitget BZUSDT0.0000%4h96.940+1.002%$27.4M$16.3M100xas long as short
Variational Omni BZ0.0000%4h96.848+0.907%$9.3M$7.1Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h96.891+0.951%$37K$343K25xas long as short
SunX BRENTOIL-USDT0.0000%4h96.970+1.034%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h96.970+1.034%$103K$237K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.940+1.002%$278K$269K75xas long as short
Phemex XBRUSDT0.0000%4h97.010+1.075%$1.2M$84K100xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.490+1.575%as long as short
edgeX BZUSDC+0.0020%4h96.842+0.900%$222K$228K20xas long as short
Lighter BRENTOIL+0.0032%1h96.960+1.023%$3.3M$4.5M20xas long as short
Extended XBR-USD+0.0032%1h96.957+1.020%$677K$4.9M10xas long as short
Vest BZ-PERP+0.0046%1h101.04+5.274%$735K10xas long as short
Hotstuff BRENTOIL-PERP+0.0048%1h97.030+1.096%$33K20xas long as short
Paradex BZ-USD-PERP+0.0049%8h96.968+1.031%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h96.957+1.020%$151.9M$126.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.027+1.093%$1.5M$470K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.920+0.981%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.020+1.086%$3.8M$879K50xas long as short
ApeX Omni BZUSDTshort+0.0100%1h96.920+0.981%$25K$273K50x
GMX BRENTOIL/USD [ETH-USDC]L +0.0211% / S +0.0068%1h96.965+1.028%$126K111xas long as short
Aftermath Perps BRENTUSD+0.0215%1h96.962+1.025%$8K$44K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0298%1h96.989+1.054%$84K$218K20xas long as short