Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: OKX against ApeX Omni+0.113%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.113%, 7d avg −0.004%

Together, before fees−0.337%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.117% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.004%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.370	0.0100	pay 0.0013% / 1h	41m 14s	$26K	$274K	50x
Short	OKX BZ-USDT-SWAP	97.480	0	get 0.0000% / 4h	3h 41m	$16.0M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$21
Price spread: +0.113% → −0.004%: $11.7
Slippage, 4 orders: −$34.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.05
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago	8.74 bp	21.1 bp −$21	191.3 bp −$1,913	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.51 bp	6.4 bp −$6	10.0 bp −$100	24.1 bp −$2,409	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	96.333	−1.065%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.103%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.458	+0.090%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.492	+0.125%	$147.7M	$367.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.480	+0.113%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.480	+0.113%	$16.0M	$20.4M	50x
RISEx BZ/USDC	0.0000%	1h	97.452	+0.084%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.440	+0.072%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.470	+0.103%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.348	−0.023%	$9.4M	$6.8M	—	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	97.370	0.000%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.480	+0.113%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.480	+0.113%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.051%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.490	+0.123%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.440	+0.072%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.024	+0.671%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.366	−0.004%	$223K	$226K	20x	as long as short
Vest BZ-PERP	+0.0029%	1h	101.50	+4.242%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.490	+0.123%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.495	+0.128%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.457	+0.089%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.507	+0.141%	$153.9M	$126.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.506	+0.140%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.400	+0.031%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.482	+0.115%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.520	+0.154%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.370	long leg	$26K	$274K	50x
Aftermath Perps BRENTUSD	+0.0105%	1h	97.370	−0.001%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	97.470	+0.103%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0238% / S −0.0320%	1h	97.475	+0.108%	$127K	—	111x	as long as short