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

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h −0.027%
Price spread now: ApeX Omni against RISEx+0.023%54s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.472% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.129%−$13 on $10k
Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.023%, 7d avg −0.026%
Together, before fees−0.226%−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.049% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 3 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BZ/USDC96.108−0.0020get 0.0003% / 1h40m 05s$2.2M$1.3M20x
ShortApeX Omni BZUSDT96.1300.0100get 0.0013% / 1h40m 05s$25K$271K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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
$25.24
Price spread: +0.023% → −0.026%
$4.91
Slippage, 4 orders
−$31.17
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$17.02
Costs to cover
0.472%
Break-even
11.7 days
Slippage from RISEx: live order book, 4 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago1.04 bp4.0 bp −$44.6 bp −$46doesn't fitdoesn't fit
Sell ApeX Omni live order book, 37 min ago8.85 bp19.9 bp −$20180.9 bp −$1,809doesn't fitdoesn't fit

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
GMX BRENTOIL/USD [ETH-USDC]L −0.0848% / S +0.0467%1h96.125+0.018%$120K111xas long as short
Hotstuff BRENTOIL-PERP−0.0328%1h96.150+0.044%$33K20xas long as short
Injective BRENT/USDC PERP−0.0220%1h95.369−0.769%$8K$7K30xas long as short
Deribit BRENTOIL_USDC-PERPETUAL−0.0166%1h96.160+0.054%$103K$278K15xas long as short
tradeXYZ xyz:BRENTOIL−0.0118%1h96.158+0.052%$149.7M$145.0M20xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0040%1h96.070−0.040%$232K$578K15xas long as short
RISEx BZ/USDClong−0.0020%1h96.108long leg$2.2M$1.3M20x
Binance BZUSDT−0.0017%4h96.130+0.023%$145.9M$467.1M100xas long as short
GRVT BZ_USDT_Perp−0.0012%4h96.060−0.050%$34K$375K25xas long as short
BloFin BZ-USDT−0.0002%4h96.090−0.019%$1.5M$95K50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BZUSDT0.0000%4h96.120+0.012%$334K$1.4M50xas long as short
Bybit BZUSDT0.0000%8h96.120+0.012%$10.4M$16.0M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.110+0.002%$15.9M$26.8M50xas long as short
Gate BZ_USDT0.0000%8h96.070−0.040%$9.2M$16.3M100xas long as short
Bitget BZUSDT0.0000%4h96.120+0.012%$27.4M$20.9M100xas long as short
Variational Omni BZ0.0000%4h96.063−0.047%$9.3M$7.9Mas long as short
SunX BRENTOIL-USDT0.0000%4h96.150+0.044%$4K$2.7M20xas long as short
HTX BRENTOIL-USDT0.0000%4h96.030−0.081%$306K$249K75xas long as short
Phemex XBRUSDT0.0000%4h96.130+0.023%$1.2M$96K100xas long as short
edgeX BZUSDC+0.0003%4h95.988−0.125%$220K$234K20xas long as short
Paradex BZ-USD-PERP+0.0012%8h96.120+0.012%$3K$5215xas long as short
Lighter BRENTOIL+0.0032%1h96.100−0.008%$3.3M$4.3M20xas long as short
Aftermath Perps BRENTUSD+0.0034%1h96.128+0.020%$6K$45K5xas long as short
Vest BZ-PERP+0.0046%1h99.740+3.779%$735K10xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h96.157+0.051%$1.5M$529K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.040−0.071%$3.0M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h96.100−0.008%$3.8M$989K50xas long as short
ApeX Omni BZUSDTshort+0.0100%1h96.130+0.023%$25K$271K50x
Kraken Futures PF_BRENTOILUSD+0.0113%1h96.139+0.032%$81K$233K20xas long as short
Extended XBR-USD+0.0136%1h96.015−0.097%$671K$5.2M10xas long as short