Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.029%

Price spread now: edgeX against ApeX Omni−0.062%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.062%, 7d avg −0.027%

Together, before fees−0.111%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.036% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	96.800	0.0100	pay 0.0013% / 1h	34m 16s	$25K	$272K	50x
Short	edgeX BZUSDC	96.740	0.0013	get 0.0006% / 4h	2h 34m	$222K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$18.37
Price spread: −0.062% → −0.027%: −$3.57
Slippage, 4 orders: −$49.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$90.02
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; edgeX: live order book, 33 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 ApeX Omni live order book, 33 min ago	8.79 bp	20.1 bp −$20	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	doesn't fit

BZ on 31 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	96.070	−0.754%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.155%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.770	−0.031%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.041%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.770	−0.031%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.741	−0.061%	$146.2M	$387.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.730	−0.072%	$10.3M	$14.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	−0.062%	$15.9M	$22.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.748	−0.053%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.700	−0.103%	$9.2M	$12.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.740	−0.062%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.770	−0.031%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.064%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.760	−0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.770	−0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	−0.062%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.740	−0.062%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.265	+0.480%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0013%	4h	96.740	−0.062%	$222K	$232K	20x
Lighter BRENTOIL	+0.0032%	1h	96.750	−0.052%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.761	−0.040%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.77	+4.101%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.753	−0.049%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.767	−0.034%	$151.6M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.812	+0.012%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.700	−0.103%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.820	+0.021%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.800	long leg	$25K	$272K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0099%	1h	96.735	−0.067%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.769	−0.032%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0265%	1h	96.809	+0.009%	$7K	$44K	5x	as long as short