Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: KuCoin against ApeX Omni0.000%82s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$620.617% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.039%+$4 · spread now 0.000%, 7d avg +0.014%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	96.740	0.0100	pay 0.0013% / 1h	59m 59s	$25K	$272K	50x
Short	KuCoin BZUSDTM	96.740	0.0100	get 0.0050% / 4h	2h 59m	$3.8M	$921K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.014%: −$1.36
Slippage, 4 orders: −$39.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.02
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; KuCoin: live order book, 2 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, 7 min ago	8.79 bp	20.1 bp −$20	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.52 bp	15.8 bp −$16	42.6 bp −$426	doesn't fit	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	95.731	−1.043%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.093%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.072%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.725	−0.015%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.722	−0.019%	$145.9M	$401.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.700	−0.041%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.730	−0.010%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.731	−0.010%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.680	−0.062%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.720	−0.021%	$27.6M	$17.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.668	−0.074%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.066%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	−0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.041%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	−0.021%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.539%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.043%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+0.010%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.730	−0.010%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.727	−0.013%	$721K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+4.155%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	−0.032%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.731	−0.009%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	+0.034%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.630	−0.114%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	−0.041%	$33K	—	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.740	0.000%	$3.8M	$921K	50x
ApeX Omni BZUSDTlong	+0.0100%	1h	96.740	long leg	$25K	$272K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	−0.016%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	−0.003%	$7K	$44K	5x	as long as short