Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.056%
Price spread now: Bybit against Binance+0.010%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 2 days (all we have)+0.010%+$1 · spread now +0.010%, 7d avg −0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BZUSDT | 95.980 | 0 | get 0.0000% / 4h | 51m 18s | $145.6M | $471.2M | 100x |
| Short | Bybit BZUSDT | 95.990 | 0 | get 0.0000% / 8h | 51m 18s | $10.4M | $16.0M | 100x |
Binance BZUSDT
Bybit BZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.010% → −0.009%
- $1.91
- Slippage, 4 orders
- −$8.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.8
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago | 0.52 bp | 5.5 bp −$6 | 6.0 bp −$60 | 14.8 bp −$1,479 | 56.8 bp −$28.4K |
| Sell Bybit live order book, 2 min ago | 0.52 bp | 9.1 bp −$9 | 18.2 bp −$182 | 112.6 bp −$11.3K | doesn't fit |
BZ on 30 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 | 95.975 | −0.005% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.369 | −0.637% | $8K | $7K | 30x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.0068% | 1h | 96.032 | +0.054% | $147.6M | $143.7M | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.060 | +0.083% | $232K | $577K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 95.972 | −0.009% | $2.2M | $1.3M | 20x | as long as short |
| BloFin BZ-USDT | −0.0001% | 4h | 95.960 | −0.021% | $1.5M | $95K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.104 | +0.129% | $334K | $1.4M | 50x | as long as short |
| Binance BZUSDTlong | 0.0000% | 4h | 95.980 | long leg | $145.6M | $471.2M | 100x | |
| Bybit BZUSDTshort | 0.0000% | 8h | 95.990 | +0.010% | $10.4M | $16.0M | 100x | |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 95.960 | −0.021% | $15.8M | $26.9M | 50x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
tradeXYZ xyz:BRENTOIL
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
BloFin BZ-USDT
Aster BZUSDT
OKX BZ-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 95.950 | −0.031% | $9.2M | $16.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 95.990 | +0.010% | $27.4M | $21.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.081 | +0.105% | $9.3M | $8.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.088 | +0.112% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 95.990 | +0.010% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.000 | +0.021% | $102K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.940 | −0.042% | $305K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 95.980 | 0.000% | $1.2M | $96K | 100x | as long as short |
| edgeX BZUSDC | +0.0014% | 4h | 96.076 | +0.100% | $220K | $233K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0022% | 8h | 95.990 | +0.010% | $3K | $521 | 5x | as long as short |
| Aftermath Perps BRENTUSD | +0.0028% | 1h | 96.054 | +0.077% | $6K | $45K | 5x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.15 | +4.345% | — | $735K | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.069 | +0.093% | $1.5M | $529K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0096% | 1h | 96.040 | +0.063% | $33K | — | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0098% | 1h | 95.950 | −0.031% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.000 | +0.021% | $3.7M | $991K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 95.960 | −0.021% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.019 | +0.041% | $81K | $235K | 20x | as long as short |
| Lighter BRENTOIL | +0.0120% | 1h | 96.020 | +0.042% | $3.3M | $4.3M | 20x | as long as short |
| Extended XBR-USD | +0.0288% | 1h | 96.009 | +0.030% | $670K | $5.2M | 10x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Paradex BZ-USD-PERP
Aftermath Perps BRENTUSD
Vest BZ-PERP
Polymarket Perps BRENTOIL-USD
Hotstuff BRENTOIL-PERP
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Lighter BRENTOIL
Extended XBR-USD