BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: tradeXYZ against ApeX Omni−0.068%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on ApeX Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.068%, 7d avg +0.075%

Together, before fees+0.048%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ 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 +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BZUSDT	97.290	0.0100	pay 0.0013% / 1h	31m 29s	$25K	$273K	50x
Short	tradeXYZ xyz:BRENTOIL	97.224	0.0050	get 0.0006% / 1h	31m 29s	$155.1M	$114.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$10.5
Price spread: −0.068% → +0.075%: −$14.33
Slippage, 4 orders: −$31.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$84.38
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; tradeXYZ: live order book, 8 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, 6 min ago	8.73 bp	20.2 bp −$20	201.5 bp −$2,015	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.05 bp	10.0 bp −$10	10.7 bp −$107	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	96.605	−0.704%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.134%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	−0.010%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.180	−0.113%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.170	−0.123%	$149.1M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.150	−0.144%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.170	−0.123%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.127	−0.167%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.120	−0.175%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.160	−0.134%	$27.8M	$18.3M	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	97.286	−0.004%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	−0.073%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.230	−0.062%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	−0.093%	$100K	$255K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.154%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	+0.195%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.29	+4.111%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.548%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.225	−0.067%	$224K	$229K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	−0.041%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0020%	1h	97.080	−0.216%	$3.1M	$994K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.180	−0.113%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.154	−0.140%	$735K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.170	−0.123%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.224	−0.068%	$155.1M	$114.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.217	−0.075%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0093%	1h	97.297	+0.007%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.170	−0.123%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDTlong	+0.0100%	1h	97.290	long leg	$25K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.225	−0.066%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.195	−0.098%	$115K	—	111x	as long as short