BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against ApeX Omni+0.078%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.078%, 7d avg +0.088%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.220%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.360	0.0100	pay 0.0013% / 1h	43m 13s	$26K	$274K	50x
Short	Polymarket Perps BRENTOIL-USD	97.436	0.0050	get 0.0006% / 1h	43m 13s	$1.6M	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$10.5
Price spread: +0.078% → +0.088%: −$1
Slippage, 4 orders: −$37.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$67.26
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 9 min ago; Polymarket Perps: 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, 9 min ago	8.74 bp	21.1 bp −$21	191.3 bp −$1,913	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.57 bp	6.6 bp −$7	8.2 bp −$82	21.7 bp −$2,174	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	−1.055%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.092%	$233K	$439K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.370	+0.010%	$104K	$242K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.370	+0.010%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.363	+0.003%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.367	+0.007%	$147.5M	$368.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.380	+0.021%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	+0.021%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.388	+0.028%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	+0.031%	$34K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.330	−0.031%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.400	+0.041%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.348	−0.012%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.370	+0.010%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.420	+0.062%	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.041%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.031%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+0.015%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.913	+0.568%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.44	+4.191%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	+0.021%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.388	+0.029%	$677K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.392	+0.033%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.394	+0.035%	$153.6M	$126.3M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.436	+0.078%	$1.6M	$463K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.350	−0.010%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.382	+0.023%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	+0.062%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.360	long leg	$26K	$274K	50x
Aftermath Perps BRENTUSD	+0.0104%	1h	97.343	−0.018%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0236% / S −0.0309%	1h	97.355	−0.005%	$126K	—	111x	as long as short