BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.032%

Price spread now: ApeX Omni against RISEx−0.224%54s7-day average −0.028% · 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−$500.501% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.224%, 7d avg −0.028%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.196% cheaper against RISEx than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of −0.028%). If the spread goes back, that is −$20 on $10k: about 6.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour. The two prices were read 54 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	RISEx BZ/USDC	97.779	0	get 0.0000% / 1h	57m 36s	$2.4M	$1.7M	20x
Short	ApeX Omni BZUSDT	97.560	0.0100	get 0.0013% / 1h	57m 36s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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 RISExbpFee ApeX OmnibpOrdersPrice spread, now −0.224%Rate

Funding earned: $21
Price spread: −0.224% → −0.028%: −$19.6
Slippage, 4 orders: −$34.11
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$48.71
Costs to cover: 0.501%
Break-even: 23.2 days

Slippage from RISEx: live order book, 1 min ago; ApeX Omni: live order book, 45 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 RISEx live order book, 1 min ago	1.64 bp	4.6 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	8.69 bp	20.3 bp −$20	182.0 bp −$1,820	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	96.970	−0.827%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	−0.0058%	4h	97.750	−0.030%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.081%	$237K	$415K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.869	+0.093%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.870	+0.093%	$148.8M	$352.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.800	+0.022%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.820	+0.042%	$16.1M	$19.8M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.779	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.780	+0.001%	$9.3M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.830	+0.052%	$28.1M	$18.2M	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	97.538	−0.246%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.523	−0.262%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	+0.032%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.840	+0.062%	$101K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.580	−0.203%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.840	+0.062%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.96	+4.276%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.387	+0.622%	—	—	—	as long as short
edgeX BZUSDC	+0.0011%	4h	97.780	+0.001%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.810	+0.032%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.840	+0.063%	$722K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.840	+0.062%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.812	+0.034%	$3K	$355	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.831	+0.053%	$155.7M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.854	+0.077%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.030%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.780	+0.001%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.560	−0.224%	$26K	$273K	50x
Aftermath Perps BRENTUSD	+0.0104%	1h	97.630	−0.152%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0112%	1h	97.846	+0.068%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.815	+0.037%	$116K	—	111x	as long as short