Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni−0.021%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.021%, 7d avg −0.057%

Together, before fees−0.324%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.036% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.057%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	96.500	0.0100	pay 0.0013% / 1h	25m 01s	$25K	$272K	50x
Short	Gate BZ_USDT	96.480	0	get 0.0000% / 8h	7h 25m	$9.2M	$14.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$21
Price spread: −0.021% → −0.057%: $3.59
Slippage, 4 orders: −$36.67
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.08
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; Gate: live order book, 4 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, 47 min ago	8.84 bp	20.1 bp −$20	200.5 bp −$2,005	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.04 bp	10.9 bp −$11	18.7 bp −$187	31.5 bp −$3,147	43.7 bp −$21.8K

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	95.669	−0.861%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.446%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.525	+0.026%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0051%	4h	96.540	+0.041%	$1.5M	$95K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	96.510	+0.010%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.530	+0.031%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.525	+0.026%	$145.6M	$422.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.510	+0.010%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.510	+0.010%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.522	+0.023%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	96.480	−0.021%	$9.2M	$14.3M	100x
Bitget BZUSDT	0.0000%	4h	96.520	+0.021%	$27.6M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.459	−0.042%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.466	−0.035%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.550	+0.052%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.540	+0.041%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.010%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.530	+0.031%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.458	−0.043%	$221K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.056	+0.576%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.553	+0.055%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0030%	1h	96.420	−0.083%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.520	+0.021%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.517	+0.018%	$746K	$5.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.528	+0.029%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.58	+4.228%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.544	+0.046%	$151.5M	$142.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.564	+0.066%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.540	+0.041%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	96.500	long leg	$25K	$272K	50x
Aftermath Perps BRENTUSD	+0.0411%	1h	96.493	−0.007%	$7K	$45K	5x	as long as short