Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against KuCoin−0.082%82s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

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

costs, in and out, $10k−$670.669% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.082%, 7d avg −0.018%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.064% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 82 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	KuCoin BZUSDTM	97.450	0.0100	pay 0.0050% / 4h	3h 38m	$3.8M	$860K	50x
Short	ApeX Omni BZUSDT	97.370	0.0100	get 0.0013% / 1h	38m 03s	$26K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.018%: −$6.43
Slippage, 4 orders: −$44.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$73.34
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 14 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 KuCoin live order book, 4 min ago	1.03 bp	9.0 bp −$9	45.3 bp −$453	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	8.74 bp	21.3 bp −$21	180.9 bp −$1,809	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	96.333	−1.146%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.185%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	97.460	+0.010%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.386	−0.066%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.384	−0.068%	$147.5M	$367.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.380	−0.072%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	−0.072%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.400	−0.052%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.350	−0.103%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.390	−0.062%	$28.0M	$16.6M	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	97.458	+0.008%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.462	+0.013%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.410	−0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.390	−0.062%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.350	−0.103%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.410	−0.041%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	−0.024%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.932	+0.495%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.46	+4.115%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.400	−0.051%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.405	−0.046%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.396	−0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.404	−0.047%	$153.8M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.437	−0.013%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	−0.092%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.410	−0.041%	$82K	$208K	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.450	long leg	$3.8M	$860K	50x
ApeX Omni BZUSDTshort	+0.0100%	1h	97.370	−0.082%	$26K	$274K	50x
Aftermath Perps BRENTUSD	+0.0104%	1h	97.431	−0.019%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0241% / S −0.1068%	1h	97.385	−0.067%	$115K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	97.460	+0.010%	$34K	—	20x	as long as short