BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against ApeX Omni−0.018%63s7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$540.538% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.018%, 7d avg +0.087%

Together, before fees+0.358%+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.105% cheaper against ApeX Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.087%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.220%, so the current rate has only just turned against you. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.050	0.0100	pay 0.0013% / 1h	5m 44s	$25K	$274K	50x
Short	Polymarket Perps BRENTOIL-USD	97.033	0.0050	get 0.0006% / 1h	5m 44s	$1.6M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$10.5
Price spread: −0.018% → +0.087%: −$10.47
Slippage, 4 orders: −$35.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$74.73
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; Polymarket Perps: live order book, 3 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, 51 min ago	8.73 bp	20.7 bp −$21	179.5 bp −$1,795	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.93 bp	9.0 bp −$9	9.8 bp −$98	21.9 bp −$2,192	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	96.433	−0.636%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.196%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	0.0000%	4h	97.000	−0.052%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.977	−0.075%	$337K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.998	−0.053%	$146.8M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.062%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.052%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.982	−0.070%	$2.2M	$1.5M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.103%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.000	−0.052%	$27.7M	$16.6M	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	96.958	−0.095%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.034	−0.016%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.990	−0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.062%	$103K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.940	−0.113%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.300	+0.258%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.016	−0.035%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.540	+0.505%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.02	+4.091%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	−0.041%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.995	−0.057%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.978	−0.074%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.023	−0.028%	$153.0M	$126.8M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.033	−0.018%	$1.6M	$491K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.124%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	−0.010%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.050	long leg	$25K	$274K	50x
Hotstuff BRENTOIL-PERP	+0.0120%	1h	97.030	−0.021%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.053	+0.003%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.000	−0.052%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0216% / S −0.0177%	1h	96.975	−0.077%	$126K	—	111x	as long as short