BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%

Price spread now: GRVT against BloFin−0.023%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.023%, 7d avg +0.018%

Together, before fees+0.112%+ Points / potential airdropGRVT: Active · farm board+$11 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: GRVT is 0.041% cheaper against BloFin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.530	−0.0007	get 0.0003% / 4h	2h 31m	$1.5M	$97K	50x
Short	GRVT BZ_USDT_Perp	97.507	0	get 0.0000% / 4h	2h 31m	$26K	$315K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against BloFin. 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 BloFinbpFee GRVTbpOrdersPrice spread, now −0.023%Rate

Funding earned: $1.41
Price spread: −0.023% → +0.018%: −$4.08
Slippage, 4 orders: −$6.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.98
Costs to cover: 0.273%
Break-even: 156.3 days

Slippage from BloFin: live order book, 1 min ago; GRVT: live order book, 16 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 BloFin live order book, 1 min ago	0.51 bp	7.5 bp −$7	8.1 bp −$81	12.1 bp −$1,214	doesn't fit
Sell GRVT live order book, 16 min ago	0.51 bp	6.9 bp −$7	8.9 bp −$89	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	96.783	−0.766%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	0.000%	$235K	$434K	15x	as long as short
BloFin BZ-USDTlong	−0.0007%	4h	97.530	long leg	$1.5M	$97K	50x
Aster BZUSDT	0.0000%	4h	97.515	−0.015%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.515	−0.016%	$147.7M	$362.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.520	−0.010%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.520	−0.010%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.488	−0.043%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.470	−0.062%	$9.2M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	−0.021%	$28.0M	$16.5M	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	97.500	−0.031%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	97.507	−0.023%	$26K	$315K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.540	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	−0.021%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.500	−0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	−0.021%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.530	0.000%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.059	+0.543%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.510	−0.021%	$34K	—	20x	as long as short
edgeX BZUSDC	+0.0016%	4h	97.506	−0.024%	$224K	$228K	20x	as long as short
Vest BZ-PERP	+0.0018%	1h	101.57	+4.142%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.510	−0.021%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.521	−0.009%	$680K	$3.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.513	−0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.538	+0.008%	$154.0M	$124.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.555	+0.026%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.470	−0.062%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0051%	1h	97.540	+0.010%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.520	−0.010%	$3.8M	$837K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.530	0.000%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0311% / S −0.2526%	1h	97.515	−0.015%	$115K	—	111x	as long as short