Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against KuCoin+0.010%67s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as 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−$650.651% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.010%, 7d avg −0.019%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 67 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	KuCoin BZUSDTM	97.780	0.0100	pay 0.0050% / 4h	1h 24m	$3.8M	$808K	50x
Short	ApeX Omni BZUSDT	97.790	0.0100	get 0.0013% / 1h	24m 19s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.019%: $2.88
Slippage, 4 orders: −$43.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.21
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 18 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 KuCoin live order book, 3 min ago	0.51 bp	10.5 bp −$10	35.4 bp −$354	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 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	97.018	−0.779%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	+0.031%	$236K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.783	+0.003%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.780	0.000%	$147.9M	$349.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.750	−0.031%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.770	−0.010%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.748	−0.032%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.730	−0.051%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.760	−0.020%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.748	−0.033%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.798	+0.019%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.790	+0.010%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.770	−0.010%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.730	−0.051%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	98.010	+0.235%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.760	−0.021%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.780	0.000%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.90	+4.214%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.315	+0.547%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.780	0.000%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.781	+0.001%	$682K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.790	+0.010%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.771	−0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.789	+0.009%	$155.2M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.808	+0.029%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.710	−0.072%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0086%	1h	97.776	−0.004%	$7K	$41K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.780	long leg	$3.8M	$808K	50x
ApeX Omni BZUSDTshort	+0.0100%	1h	97.790	+0.010%	$26K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.793	+0.013%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.765	−0.015%	$116K	—	111x	as long as short