BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%

Price spread now: ApeX Omni against Coinbase International−0.126%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 4 days (all we have)+0.379%+$38 · spread now −0.126%, 7d avg +0.104%

Together, before fees+0.797%+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.230% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.104%). If the spread goes back, that is −$23 on $10k: about 4.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	95.420	−0.0080	get 0.0010% / 1h	10m 35s	$270K	$647K	15x
Short	ApeX Omni BZUSDT	95.300	0.0100	get 0.0013% / 1h	10m 35s	$25K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.126%Rate

Funding earned: $37.8
Price spread: −0.126% → +0.104%: −$23
Slippage, 4 orders: −$35.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.56
Costs to cover: 0.554%
Break-even: 14.5 days

Slippage from Coinbase International: live order book, 40 min ago; ApeX Omni: live order book, 39 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 Coinbase International live order book, 40 min ago	1.56 bp	9.4 bp −$9	11.4 bp −$114	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 min ago	8.87 bp	19.2 bp −$19	183.9 bp −$1,839	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0485%	1h	95.190	−0.241%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0340%	1h	95.143	−0.290%	$94K	$246K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.158	−0.274%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0080%	1h	95.420	long leg	$270K	$647K	15x
GRVT BZ_USDT_Perp	−0.0044%	4h	95.382	−0.039%	$14K	$312K	25x	as long as short
BloFin BZ-USDT	−0.0021%	4h	95.190	−0.241%	$1.5M	$109K	50x	as long as short
Bybit BZUSDT	−0.0021%	8h	95.120	−0.314%	$10.1M	$15.5M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.150	−0.283%	$328K	$693K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.140	−0.293%	$146.5M	$420.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.120	−0.314%	$16.2M	$24.9M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.130	−0.304%	$9.1M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.110	−0.325%	$27.8M	$25.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.184	−0.248%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.170	−0.262%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.170	−0.262%	$272K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.340	−0.084%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.311	−0.114%	$219K	$232K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0007%	1h	95.120	−0.314%	$3.1M	$1.1M	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.736	+0.331%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	98.820	+3.563%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.180	−0.252%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.154	−0.279%	$673K	$3.3M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.612%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0037%	1h	95.381	−0.041%	$7K	$38K	5x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.144	−0.289%	$1K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.134	−0.300%	$145.3M	$141.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.101	−0.334%	$1.6M	$391K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.260	−0.168%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	95.300	−0.126%	$25K	$274K	50x
Hotstuff BRENTOIL-PERP	+0.0152%	1h	95.240	−0.189%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.225	−0.204%	$33K	—	111x	as long as short