BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.043%

Price spread now: ApeX Omni against Deribit+0.021%74s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.543% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.437%+$44 on $10k

Price spread, last 4 days (all we have)+0.293%+$29 · spread now +0.021%, 7d avg −0.006%

Together, before fees+0.729%+$73 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 0.026% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 74 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	Deribit BRENTOIL_USDC-PERPETUAL	96.910	0	get 0.0000% / 1h	46m 13s	$103K	$239K	15x
Short	ApeX Omni BZUSDT	96.930	0.0100	get 0.0013% / 1h	46m 13s	$25K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $21
Price spread: +0.021% → −0.006%: $2.64
Slippage, 4 orders: −$37.32
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.69
Costs to cover: 0.543%
Break-even: 17.2 days

Slippage from Deribit: live order book, 17 min ago; ApeX Omni: live order book, 16 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 Deribit live order book, 17 min ago	0.52 bp	5.9 bp −$6	6.2 bp −$62	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	8.78 bp	19.7 bp −$20	184.0 bp −$1,840	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	96.207	−0.725%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.103%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.930	+0.021%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0030%	4h	96.940	+0.031%	—	$87K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.901	−0.009%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.905	−0.005%	$146.5M	$375.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	−0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	+0.010%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.908	−0.002%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.870	−0.041%	$9.2M	$12.3M	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	96.920	+0.010%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	+0.099%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.104%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.910	long leg	$103K	$239K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.920	+0.010%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.910	0.000%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.943	+0.034%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.455	+0.563%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	+0.010%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.928	+0.018%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.98	+4.200%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.911	+0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.941	+0.032%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.975	+0.067%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.990	+0.083%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.930	+0.021%	$25K	$273K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0058%	1h	96.905	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0192%	1h	96.953	+0.045%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.918	+0.009%	$83K	$218K	20x	as long as short