Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.004%
Price spread now: edgeX against Binance−0.098%80s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$410.406% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.098%, 7d avg −0.060%
=Together, before fees−0.092%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.060%). If the spread goes back, that is −$4 on $10k: about 7.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 19 days. The two prices were read 80 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 | Binance BZUSDT | 97.724 | 0 | get 0.0000% / 4h | 1h 58m | $147.7M | $355.7M | 100x |
| Short | edgeX BZUSDC | 97.628 | 0.0017 | get 0.0009% / 4h | 1h 58m | $225K | $229K | 20x |
Binance BZUSDT
edgeX BZUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $3.62
- Price spread: −0.098% → −0.060%
- −$3.8
- Slippage, 4 orders
- −$21.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$40.8
- Costs to cover
- 0.406%
- Break-even
- 85.8 days
Slippage from Binance: live order book, 15 min ago; edgeX: live order book, 49 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, 15 min ago | 0.51 bp | 5.6 bp −$6 | 6.6 bp −$66 | 12.7 bp −$1,268 | 43.1 bp −$21.6K |
| Sell edgeX live order book, 49 min ago | 10.26 bp | 14.8 bp −$15 | 16.6 bp −$166 | 67.6 bp −$6,761 | 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 | 96.939 | −0.803% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.199% | $235K | $424K | 15x | as long as short |
| BloFin BZ-USDT | −0.0037% | 4h | 97.670 | −0.055% | $1.5M | $95K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.729 | +0.005% | $340K | $930K | 50x | as long as short |
| Binance BZUSDTlong | 0.0000% | 4h | 97.724 | long leg | $147.7M | $355.7M | 100x | |
| Bybit BZUSDT | 0.0000% | 8h | 97.720 | −0.004% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.720 | −0.004% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.660 | −0.066% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.680 | −0.045% | $9.3M | $10.8M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.750 | +0.026% | $27.8M | $17.3M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.647 | −0.079% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.660 | −0.066% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.690 | −0.035% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.740 | +0.016% | $100K | $249K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.680 | −0.045% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.690 | −0.035% | $1.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.277 | +0.566% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0014% | 1h | 101.77 | +4.140% | — | $735K | 10x | as long as short |
| edgeX BZUSDCshort | +0.0017% | 4h | 97.628 | −0.098% | $225K | $229K | 20x | |
| Lighter BRENTOIL | +0.0032% | 1h | 97.720 | −0.004% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.722 | −0.002% | $677K | $3.5M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0048% | 1h | 97.720 | −0.004% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.650 | −0.076% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.745 | +0.021% | $154.7M | $123.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.733 | +0.009% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | −0.086% | $3.1M | $995K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0075% | 1h | 97.638 | −0.088% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.740 | +0.016% | $3.8M | $831K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.670 | −0.055% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.717 | −0.007% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.735 | +0.011% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]