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

BZ

RWAall BZ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against tradeXYZ−0.256%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Long on tradeXYZShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.256%, 7d avg −0.075%
Together, before fees+0.276%+ Points / potential airdroptradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.181% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of −0.075%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:BRENTOIL97.4800.0050pay 0.0006% / 1h7m 06s$155.7M$115.1M20x
ShortApeX Omni BZUSDT97.2300.0100get 0.0013% / 1h7m 06s$25K$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. 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
$10.5
Price spread: −0.256% → −0.075%
−$18.1
Slippage, 4 orders
−$30.75
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$66.34
Costs to cover
0.587%
Break-even
51.2 days
Slippage from tradeXYZ: live order book, 3 min ago; ApeX Omni: live order book, 30 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 tradeXYZ live order book, 3 min ago0.36 bp9.4 bp −$910.5 bp −$105doesn't fitdoesn't fit
Sell ApeX Omni live order book, 30 min ago8.73 bp19.8 bp −$20189.8 bp −$1,898doesn't fitdoesn't fit

BZ on 31 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 PERP−0.0220%1h96.342−1.167%$8K$7K30xas long as short
Deribit BRENTOIL_USDC-PERPETUAL−0.0160%1h97.470−0.010%$100K$256K15xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0056%1h97.4800.000%$237K$402K15xas long as short
Ondo Perps BRENT-USD.P−0.0014%1h97.390−0.092%$3.1M$1.0M15xas long as short
Aster BZUSDT0.0000%4h97.470−0.010%$339K$860K50xas long as short
Binance BZUSDT0.0000%4h97.454−0.027%$148.4M$351.2M100xas long as short
Bybit BZUSDT0.0000%8h97.450−0.031%$10.3M$13.3M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.420−0.062%$16.1M$19.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.411−0.071%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.400−0.082%$9.2M$11.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h97.490+0.010%$28.0M$18.5M100xas long as short
Variational Omni BZ0.0000%4h97.183−0.305%$9.4M$6.1M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.187−0.300%$14K$332K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.450−0.031%$4K$2.4M20xas long as short
HTX BRENTOIL-USDT0.0000%4h97.430−0.051%$280K$254K75xas long as short
Phemex XBRUSDT0.0000%4h97.470−0.010%$1.2M$86K100xas long as short
Vest BZ-PERP+0.0010%1h101.49+4.114%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.017+0.551%———as long as short
edgeX BZUSDC+0.0020%4h97.166−0.322%$223K$228K20xas long as short
Lighter BRENTOIL+0.0032%1h97.460−0.021%$3.3M$4.0M20xas long as short
Extended XBR-USD+0.0032%1h97.510+0.031%$737K$2.9M10xas long as short
BloFin BZ-USDT+0.0048%4h97.430−0.051%$1.5M$99K50xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.456−0.025%$2K$1K5xas long as short
tradeXYZ xyz:BRENTOILlong+0.0050%1h97.480long leg$155.7M$115.1M20x
Polymarket Perps BRENTOIL-USD+0.0050%1h97.4800.000%$1.6M$395K20xas long as short
Aftermath Perps BRENTUSD+0.0080%1h97.286−0.199%$7K$40K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.440−0.041%$3.8M$801K50xas long as short
ApeX Omni BZUSDTshort+0.0100%1h97.230−0.256%$25K$273K50x
Kraken Futures PF_BRENTOILUSD+0.0113%1h97.466−0.014%$82K$200K20xas long as short
Hotstuff BRENTOIL-PERP+0.0176%1h97.4800.000%$34K—20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.475−0.005%$116K—111xas long as short