BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.030%

Price spread now: ApeX Omni against GMX+0.173%68s7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.173%, 7d avg −0.003%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.176% dearer against GMX than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.003%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days. Mind the row above: over the last 4 days funding on this pair paid +0.121%, so the current rate has only just turned against you. The two prices were read 68 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	GMX BRENTOIL/USD [ETH-USDC]	95.105	L +0.0184% / S −0.0707%	pay 0.0023% / 1h	7m 52s	$33K	—	111x
Short	ApeX Omni BZUSDT	95.270	0.0100	get 0.0013% / 1h	7m 52s	$25K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee ApeX OmnibpOrdersPrice spread, now +0.173%Rate

Funding earned: −$17.72
Price spread: +0.173% → −0.003%: $17.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.08
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 42 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 42 min ago	8.87 bp	19.2 bp −$19	183.9 bp −$1,839	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 exchanges

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0591%	1h	95.100	−0.005%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0340%	1h	95.096	−0.010%	$94K	$248K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.063	−0.044%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.420	+0.331%	$270K	$647K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.155	+0.053%	$14K	$312K	25x	as long as short
Bybit BZUSDT	−0.0028%	8h	95.090	−0.016%	$10.1M	$15.5M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.066	−0.041%	$328K	$693K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.090	−0.016%	$146.4M	$422.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.080	−0.026%	$16.1M	$25.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.040	−0.068%	$9.1M	$12.7M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.070	−0.037%	$27.9M	$26.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.184	+0.083%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.080	−0.026%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.070	−0.037%	$272K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.310	+0.216%	$1.2M	$81K	100x	as long as short
Ondo Perps BRENT-USD.P	+0.0001%	1h	94.990	−0.121%	$3.1M	$1.1M	15x	as long as short
edgeX BZUSDC	+0.0001%	4h	95.143	+0.040%	$219K	$230K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.650	+0.573%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	98.740	+3.822%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.120	+0.016%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.127	+0.023%	$656K	$3.3M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.283%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	95.254	+0.157%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0038%	4h	95.050	−0.058%	$1.6M	$109K	50x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	95.047	−0.061%	$1K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.149	+0.046%	$144.9M	$140.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.081	−0.025%	$1.6M	$392K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.130	+0.026%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	95.270	+0.173%	$25K	$274K	50x
Hotstuff BRENTOIL-PERP	+0.0152%	1h	95.240	+0.142%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0184% / S −0.0707%	1h	95.105	long leg	$33K	—	111x