BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.044%

Price spread now: ApeX Omni against Deribit−0.052%74s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.555% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.432%+$43 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.052%, 7d avg −0.003%

Together, before fees+0.527%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.003%). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.432% in total) that is about 10 hours. The two prices were read 74 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	Deribit BRENTOIL_USDC-PERPETUAL	96.270	0	get 0.0000% / 1h	47m 33s	$103K	$272K	15x
Short	ApeX Omni BZUSDT	96.220	0.0100	get 0.0013% / 1h	47m 33s	$25K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: $21
Price spread: −0.052% → −0.003%: −$4.93
Slippage, 4 orders: −$38.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.45
Costs to cover: 0.555%
Break-even: 20.1 days

Slippage from Deribit: live order book, 26 min ago; ApeX Omni: live order book, 25 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 Deribit live order book, 26 min ago	0.52 bp	4.0 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	8.84 bp	20.2 bp −$20	194.8 bp −$1,948	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.245	−0.026%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.789%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.208%	$232K	$483K	15x	as long as short
BloFin BZ-USDT	−0.0032%	4h	96.210	−0.062%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.228	−0.043%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.270	0.000%	$145.9M	$436.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.270	0.000%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.270	0.000%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.256	−0.014%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.280	+0.010%	$33K	—	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	96.220	−0.052%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.280	+0.010%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	−0.156%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	−0.033%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.270	0.000%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.270	long leg	$103K	$272K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.130	−0.145%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.093%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.205	−0.068%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.790	+0.540%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.255	−0.015%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0029%	1h	96.200	−0.073%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.280	+0.010%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.283	+0.014%	$748K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	96.270	0.000%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.31	+4.197%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.283	+0.014%	$151.1M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.270	0.000%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.290	+0.021%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.220	−0.052%	$25K	$272K	50x
Aftermath Perps BRENTUSD	+0.0558%	1h	96.210	−0.062%	$6K	$44K	5x	as long as short