Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.029%

Price spread now: ApeX Omni against edgeX+0.062%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.062%, 7d avg +0.027%

Together, before fees+0.111%+ Points / potential airdropedgeX: Active · farm board+$11 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 0.036% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.740	0.0013	pay 0.0006% / 4h	2h 34m	$222K	$232K	20x
Short	ApeX Omni BZUSDT	96.800	0.0100	get 0.0013% / 1h	34m 11s	$25K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.062%Rate

Funding earned: $18.37
Price spread: +0.062% → +0.027%: $3.57
Slippage, 4 orders: −$49.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$46.13
Costs to cover: 0.681%
Break-even: 24.6 days

Slippage from edgeX: live order book, 33 min ago; ApeX Omni: live order book, 33 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 edgeX live order book, 33 min ago	9.83 bp	14.3 bp −$14	15.2 bp −$152	68.1 bp −$6,812	doesn't fit
Sell ApeX Omni live order book, 33 min ago	8.79 bp	19.2 bp −$19	186.6 bp −$1,866	doesn't fit	doesn't fit

BZ on 30 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	96.070	−0.692%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.093%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.770	+0.031%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.768	+0.030%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.745	+0.006%	$146.2M	$387.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.740	0.000%	$10.3M	$14.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	0.000%	$15.9M	$22.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.748	+0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.710	−0.031%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.750	+0.011%	$27.6M	$16.5M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.770	+0.031%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.001%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.760	+0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.770	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	0.000%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.740	0.000%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.265	+0.543%	—	—	—	as long as short
edgeX BZUSDClong	+0.0013%	4h	96.740	long leg	$222K	$232K	20x
Lighter BRENTOIL	+0.0032%	1h	96.760	+0.021%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.761	+0.022%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.77	+4.166%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.753	+0.014%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.777	+0.039%	$151.6M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.812	+0.075%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.700	−0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.810	+0.073%	$3.8M	$891K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.800	+0.062%	$25K	$272K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0099%	1h	96.735	−0.005%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.769	+0.031%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0265%	1h	96.809	+0.071%	$7K	$44K	5x	as long as short