Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bitget+0.072%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.072%, 7d avg −0.011%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.082% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	97.540	0	get 0.0000% / 4h	51m 37s	$28.0M	$18.2M	100x
Short	ApeX Omni BZUSDT	97.610	0.0100	get 0.0013% / 1h	51m 37s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.072%Rate

Funding earned: $21
Price spread: +0.072% → −0.011%: $8.24
Slippage, 4 orders: −$33.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26
Costs to cover: 0.552%
Break-even: 15.7 days

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 51 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 Bitget live order book, 2 min ago	1.02 bp	7.4 bp −$7	9.8 bp −$98	24.5 bp −$2,450	64.6 bp −$32.3K
Sell ApeX Omni live order book, 51 min ago	8.69 bp	20.3 bp −$20	182.0 bp −$1,820	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	97.155	−0.395%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.520	−0.021%	$100K	$253K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.164%	$237K	$415K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.620	+0.082%	$34K	—	20x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.590	+0.051%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.543	+0.003%	$339K	$868K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.550	+0.010%	$148.6M	$353.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.530	−0.010%	$10.2M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.530	−0.010%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.513	−0.028%	$2.4M	$1.7M	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_USDT	0.0000%	8h	97.490	−0.051%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	97.540	long leg	$28.0M	$18.2M	100x
Variational Omni BZ	0.0000%	4h	97.787	+0.253%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.709	+0.173%	$25K	$321K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.620	+0.082%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.410	−0.133%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	+0.062%	$1.2M	$87K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.577	+0.038%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0007%	1h	101.71	+4.275%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.106	+0.580%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.520	−0.021%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.536	−0.004%	$733K	$3.2M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	97.450	−0.092%	$3.1M	$1.0M	15x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.518	−0.023%	$3K	$795	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.557	+0.017%	$155.4M	$114.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.610	+0.072%	$1.6M	$462K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.640	+0.102%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.530	−0.010%	$3.8M	$806K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.610	+0.072%	$26K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.563	+0.023%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.525	−0.015%	$116K	—	111x	as long as short