BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter against ApeX Omni+0.237%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.237%, 7d avg +0.054%

Together, before fees−0.357%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.183% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of +0.054%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.230	0.0100	pay 0.0013% / 1h	7m 16s	$25K	$273K	50x
Short	Lighter BRENTOIL	97.460	0.0032	get 0.0004% / 1h	7m 16s	$3.3M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.237%Rate

Funding earned: −$14.28
Price spread: +0.237% → +0.054%: $18.27
Slippage, 4 orders: −$31.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.02
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Lighter: live order book, 5 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, 30 min ago	8.73 bp	20.2 bp −$20	201.5 bp −$2,015	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.51 bp	0.5 bp −$1	1.3 bp −$13	8.3 bp −$830	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	96.342	−0.913%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.470	+0.247%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.257%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0014%	1h	97.390	+0.165%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.470	+0.247%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.470	+0.247%	$148.4M	$351.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.460	+0.237%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.440	+0.216%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.411	+0.186%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.410	+0.185%	$9.2M	$11.2M	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	97.480	+0.257%	$28.0M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	−0.048%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.044%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.450	+0.226%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	+0.206%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	+0.247%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.49	+4.381%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.043	+0.837%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.166	−0.066%	$223K	$228K	20x	as long as short
Lighter BRENTOILshort	+0.0032%	1h	97.460	+0.237%	$3.3M	$4.0M	20x
Extended XBR-USD	+0.0032%	1h	97.510	+0.288%	$737K	$2.9M	10x	as long as short
BloFin BZ-USDT	+0.0048%	4h	97.430	+0.206%	$1.5M	$99K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.456	+0.232%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.470	+0.247%	$155.8M	$115.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.480	+0.257%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0080%	1h	97.286	+0.057%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	+0.195%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.230	long leg	$25K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.466	+0.243%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0176%	1h	97.480	+0.257%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.475	+0.252%	$116K	—	111x	as long as short