Funding you earn now, next payment 12:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance−0.053%71s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as 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−$250.251% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now −0.053%, 7d avg −0.040%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BZUSDT | 97.411 | 0 | get 0.0000% / 4h | 3h 38m | $148.9M | $353.9M | 100x |
| Short | BloFin BZ-USDT | 97.360 | −0.0008 | pay 0.0004% / 4h | 3h 38m | $1.5M | $100K | 50x |
Binance BZUSDT
BloFin BZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.69
- Price spread: −0.053% → −0.040%
- −$1.33
- Slippage, 4 orders
- −$3.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.11
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 5 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 Binance live order book, 6 min ago | 0.51 bp | 5.5 bp −$6 | 6.3 bp −$63 | 12.0 bp −$1,196 | 26.4 bp −$13.2K |
| Sell BloFin live order book, 5 min ago | 1.03 bp | 7.0 bp −$7 | 8.4 bp −$84 | 13.8 bp −$1,382 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0366% | 1h | 97.410 | −0.002% | $100K | $261K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.342 | −1.098% | $8K | $7K | 30x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0066% | 1h | 97.350 | −0.063% | $3.1M | $1.0M | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.480 | +0.070% | $237K | $402K | 15x | as long as short |
| RISEx BZ/USDC | −0.0039% | 1h | 97.425 | +0.014% | $2.4M | $1.8M | 20x | as long as short |
| Bybit BZUSDT | −0.0018% | 8h | 97.400 | −0.012% | $10.3M | $13.3M | 100x | as long as short |
| BloFin BZ-USDTshort | −0.0008% | 4h | 97.360 | −0.053% | $1.5M | $100K | 50x | |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.451 | +0.041% | $82K | $197K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.416 | +0.004% | $338K | $761K | 50x | as long as short |
| Binance BZUSDTlong | 0.0000% | 4h | 97.411 | long leg | $148.9M | $353.9M | 100x |
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Ondo Perps BRENT-USD.P
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Bybit BZUSDT
Kraken Futures PF_BRENTOILUSD
Aster BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.390 | −0.022% | $16.2M | $19.9M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.360 | −0.053% | $9.2M | $10.4M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.410 | −0.002% | $28.0M | $18.8M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.409 | −0.003% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.449 | +0.039% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.410 | −0.002% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.400 | −0.012% | $280K | $251K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.410 | −0.002% | $1.2M | $83K | 100x | as long as short |
| edgeX BZUSDC | +0.0002% | 4h | 97.368 | −0.045% | $224K | $228K | 20x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.41 | +4.105% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.003 | +0.607% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.400 | −0.012% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.418 | +0.007% | $753K | $2.8M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0048% | 8h | 97.417 | +0.006% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.459 | +0.049% | $155.7M | $115.5M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.380 | −0.032% | $1.6M | $345K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0071% | 1h | 97.424 | +0.013% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.390 | −0.022% | $3.8M | $796K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.490 | +0.081% | $26K | $273K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0160% | 1h | 97.440 | +0.029% | $34K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.425 | +0.014% | $116K | — | 111x | as long as short |
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]