Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: KuCoin against ApeX Omni−0.061%97s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$640.643% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.061%, 7d avg +0.019%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.080% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 97 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	97.690	0.0100	pay 0.0013% / 1h	7m 47s	$26K	$274K	50x
Short	KuCoin BZUSDTM	97.630	0.0100	get 0.0050% / 4h	2h 07m	$3.8M	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.019%: −$8
Slippage, 4 orders: −$42.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$72.32
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; KuCoin: live order book, 5 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, 39 min ago	8.72 bp	19.1 bp −$19	188.6 bp −$1,886	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.51 bp	15.4 bp −$15	41.3 bp −$413	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	96.939	−0.769%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.164%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.577	−0.116%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.559	−0.135%	$147.5M	$358.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.590	−0.102%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.590	−0.102%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.568	−0.125%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.570	−0.123%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	−0.102%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	−0.023%	$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	97.687	−0.003%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	−0.041%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−0.072%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	−0.061%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.082%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.630	−0.061%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	+0.490%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.65	+4.054%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	−0.024%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	−0.072%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.154%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.595	−0.097%	$681K	$3.6M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.630	−0.061%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.592	−0.100%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.577	−0.116%	$154.3M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.641	−0.050%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.174%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.632	−0.060%	$7K	$42K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.630	−0.061%	$3.8M	$832K	50x
ApeX Omni BZUSDTlong	+0.0100%	1h	97.690	long leg	$26K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	−0.067%	$116K	—	111x	as long as short