BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0607%/8h= +66.4% APRnext payment +$0.76 per $10,000 · paid last 24h +0.074%

Price spread now: GMX against ApeX Omni+0.026%68s7-day average +0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.026%, 7d avg +0.003%

Together, before fees−0.229%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.023% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.085% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	95.320	0.0100	pay 0.0013% / 1h	56m 23s	$25K	$274K	50x
Short	GMX BRENTOIL/USD [ETH-USDC]	95.345	L +0.0184% / S −0.0707%	get 0.0088% / 1h	56m 23s	$33K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $127.43
Price spread: +0.026% → +0.003%: $2.34
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $107.77
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: ApeX Omni: live order book, 36 min ago; GMX: no order-book sample. Net counts fees only.

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, 36 min ago	7.20 bp	18.7 bp −$19	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0380%	1h	95.260	−0.063%	$98K	$268K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.263	−0.060%	$81K	$204K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.234	−0.090%	$2.3M	$1.8M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	−0.115%	$14K	$328K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0110%	1h	95.060	−0.273%	$3.0M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.240	−0.084%	$276K	$590K	15x	as long as short
Bybit BZUSDT	−0.0043%	8h	95.360	+0.042%	$10.1M	$14.7M	100x	as long as short
BloFin BZ-USDT	−0.0025%	4h	95.220	−0.105%	$1.5M	$102K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.345	+0.027%	$328K	$703K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.371	+0.053%	$146.4M	$394.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.340	+0.021%	$16.0M	$23.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.300	−0.021%	$9.1M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.340	+0.021%	$27.8M	$22.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	−0.087%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.270	−0.052%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.380	+0.063%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.241%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.350%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	98.970	+3.829%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.168	−0.159%	$219K	$230K	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0024%	1h	95.298	−0.023%	$1.6M	$386K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	95.189	−0.137%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.220	−0.105%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.277	−0.045%	$747K	$2.7M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	95.300	−0.021%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+1.072%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.408	+0.092%	$153.3M	$128.4M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	95.367	+0.049%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.370	+0.052%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	95.320	long leg	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0184% / S −0.0707%	1h	95.345	+0.026%	$33K	—	111x