Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.035%

Price spread now: BloFin against ApeX Omni−0.032%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.032%, 7d avg −0.013%

Together, before fees−0.319%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	94.410	0.0100	pay 0.0013% / 1h	26m 34s	$25K	$274K	50x
Short	BloFin BZ-USDT	94.380	0.0037	get 0.0019% / 4h	1h 26m	$1.5M	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$13.2
Price spread: −0.032% → −0.013%: −$1.87
Slippage, 4 orders: −$35.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.46
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 min ago; BloFin: live order book, 4 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, 19 min ago	9.56 bp	21.1 bp −$21	198.0 bp −$1,980	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.53 bp	9.1 bp −$9	11.1 bp −$111	23.0 bp −$2,304	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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.400	−0.011%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0703%	1h	94.360	−0.053%	$29K	$388K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.399	−0.011%	$104K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.351	−0.063%	$1.9M	$2.3M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.451%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	−0.021%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0064%	8h	94.330	−0.085%	$10.7M	$16.9M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0040%	4h	94.448	+0.040%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0030%	4h	94.311	−0.105%	$144.9M	$468.0M	100x	as long as short
edgeX BZUSDC	−0.0014%	4h	94.325	−0.090%	$217K	$232K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.330	−0.085%	$323K	$718K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.320	−0.095%	$15.8M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.280	−0.138%	$8.8M	$13.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.340	−0.074%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.373	−0.039%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.360	−0.053%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.330	−0.085%	$242K	$315K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.480	+0.074%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.925	+0.545%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	98.050	+3.856%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0019%	1h	94.403	−0.008%	$7K	$37K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.330	−0.085%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.365	−0.048%	$754K	$3.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0033%	8h	94.326	−0.089%	$2K	$2K	5x	as long as short
BloFin BZ-USDTshort	+0.0037%	4h	94.380	−0.032%	$1.5M	$114K	50x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.348	−0.066%	$138.7M	$189.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.416	+0.006%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.290	−0.127%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.310	−0.106%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	94.410	long leg	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.405	−0.005%	$33K	—	111x	as long as short