Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against KuCoin−0.144%97s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$630.627% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.144%, 7d avg −0.014%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.131% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 97 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	KuCoin BZUSDTM	97.020	0.0100	pay 0.0050% / 4h	2h 15m	$3.8M	$885K	50x
Short	ApeX Omni BZUSDT	96.880	0.0100	get 0.0013% / 1h	15m 48s	$25K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.014%: −$13.08
Slippage, 4 orders: −$40.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$75.8
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 51 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 KuCoin live order book, 2 min ago	0.51 bp	6.5 bp −$7	37.9 bp −$379	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	8.79 bp	19.2 bp −$19	186.6 bp −$1,866	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
Injective BRENT/USDC PERP	−0.0220%	1h	95.978	−1.074%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.216%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.971	−0.051%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.964	−0.058%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.940	−0.082%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	−0.072%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.942	−0.080%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.113%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.960	−0.062%	$27.5M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.096%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.152%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	−0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	−0.052%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.052%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	−0.082%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.484	+0.479%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.202%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	−0.072%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.981	−0.040%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.02	+4.123%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.950	−0.072%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.979	−0.042%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.001	−0.020%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.103%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.020	long leg	$3.8M	$885K	50x
ApeX Omni BZUSDTshort	+0.0100%	1h	96.880	−0.144%	$25K	$273K	50x
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.910	−0.113%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0084%	1h	96.945	−0.077%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0232%	1h	96.862	−0.163%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.965	−0.056%	$84K	$218K	20x	as long as short