Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: Binance against ApeX Omni+0.010%99s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$500.505% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.010%, 7d avg +0.033%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.023% cheaper against ApeX Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 99 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	ApeX Omni BZUSDT	97.780	0.0100	pay 0.0013% / 1h	43m 45s	$26K	$273K	50x
Short	Binance BZUSDT	97.790	0	get 0.0000% / 4h	1h 43m	$147.7M	$352.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$21
Price spread: +0.010% → +0.033%: −$2.27
Slippage, 4 orders: −$30.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.74
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Binance: live order book, 15 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 ApeX Omni live order book, 63 min ago	8.72 bp	19.1 bp −$19	188.6 bp −$1,886	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.51 bp	5.5 bp −$6	6.8 bp −$68	12.0 bp −$1,202	31.7 bp −$15.8K

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	96.817	−0.985%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.256%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0057%	1h	97.770	−0.010%	$100K	$251K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.810	+0.031%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.802	+0.023%	$340K	$930K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.790	+0.010%	$147.7M	$352.6M	100x
Bybit BZUSDT	0.0000%	8h	97.750	−0.031%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	+0.010%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.810	+0.031%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.750	−0.031%	$9.3M	$10.9M	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	97.810	+0.031%	$28.0M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.738	−0.043%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.800	+0.020%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	+0.041%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.760	−0.020%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	+0.010%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	+0.012%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.352	+0.585%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.91	+4.224%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.790	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.801	+0.022%	$678K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.835	+0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.812	+0.033%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.847	+0.069%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.790	+0.010%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.808	+0.028%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	+0.010%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.820	+0.041%	$3.8M	$825K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.780	long leg	$26K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.818	+0.039%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.795	+0.015%	$116K	—	111x	as long as short