Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against ApeX Omni−0.185%76s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as 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−$580.579% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.185%, 7d avg −0.042%

Together, before fees−0.251%−$25 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 HTX is 0.143% cheaper against ApeX Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 76 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	97.170	0.0100	pay 0.0013% / 1h	9m 43s	$25K	$274K	50x
Short	HTX BRENTOIL-USDT	96.990	0	get 0.0000% / 4h	9m 43s	$278K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$21
Price spread: −0.185% → −0.042%: −$14.35
Slippage, 4 orders: −$35.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$93.29
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; HTX: live order book, 47 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, 47 min ago	8.73 bp	20.7 bp −$21	179.5 bp −$1,795	doesn't fit	doesn't fit
Sell HTX live order book, 47 min ago	1.54 bp	8.6 bp −$9	9.6 bp −$96	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	96.433	−0.758%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.072%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.165%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.069	−0.104%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.154%	$146.9M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−0.165%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−0.165%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.016	−0.159%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.196%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.154%	$27.7M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.017	−0.157%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	−0.031%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.050	−0.123%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.030	−0.144%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.990	−0.185%	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.290	+0.123%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	−0.033%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.580	+0.422%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.07	+4.014%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	−0.134%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.040	−0.134%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.021	−0.153%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.056	−0.117%	$153.1M	$126.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.083	−0.090%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.196%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	−0.082%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	−0.093%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.170	long leg	$25K	$274K	50x
Aftermath Perps BRENTUSD	+0.0125%	1h	97.103	−0.069%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.071	−0.102%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0213% / S −0.0155%	1h	97.025	−0.149%	$126K	—	111x	as long as short