BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.043%

Price spread now: Deribit against ApeX Omni+0.061%7-day average +0.009% · 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−$47as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.440%−$44 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.061%, 7d avg +0.009%

Together, before fees−0.590%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.053% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.009%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 4 days (−0.440% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.620	0.0100	pay 0.0013% / 1h	24m 42s	$26K	$274K	50x
Short	Deribit BRENTOIL_USDC-PERPETUAL	97.680	0	get 0.0000% / 1h	24m 42s	$101K	$250K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$21
Price spread: +0.061% → +0.009%: $5.29
Slippage, 4 orders: −$35.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$68.26
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; Deribit: live order book, 24 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, 22 min ago	8.72 bp	19.1 bp −$19	188.6 bp −$1,886	doesn't fit	doesn't fit
Sell Deribit live order book, 24 min ago	0.51 bp	4.0 bp −$4	5.5 bp −$55	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	96.783	−0.857%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.092%	$235K	$434K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.655	+0.035%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.640	+0.020%	$147.8M	$361.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.630	+0.010%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.640	+0.020%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	+0.049%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.650	+0.031%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.660	+0.041%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.619	−0.001%	$9.4M	$7.0M	—	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	97.601	−0.020%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	+0.082%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	97.680	+0.061%	$101K	$250K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	+0.061%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.704	+0.086%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.231	+0.626%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.644	+0.024%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0012%	4h	97.660	+0.041%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0017%	1h	101.75	+4.231%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.640	+0.020%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.699	+0.081%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.627	+0.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.673	+0.054%	$154.3M	$123.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.720	+0.102%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	+0.020%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0060%	1h	97.611	−0.009%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.630	+0.010%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.690	+0.072%	$3.8M	$834K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.620	long leg	$26K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0319% / S −0.2554%	1h	97.685	+0.067%	$116K	—	111x	as long as short