BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.002%

Price spread now: HTX against BloFin−0.031%59s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$330.331% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.031%, 7d avg −0.029%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 59 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	BloFin BZ-USDT	96.690	−0.0031	get 0.0016% / 4h	3h 01m	$1.5M	$91K	50x
Short	HTX BRENTOIL-USDT	96.660	0	get 0.0000% / 4h	3h 01m	$308K	$222K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $6.51
Price spread: −0.031% → −0.029%: −$0.19
Slippage, 4 orders: −$9.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.76
Costs to cover: 0.331%
Break-even: 35.8 days

Slippage from BloFin: live order book, 6 min ago; HTX: 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 BloFin live order book, 6 min ago	1.55 bp	8.2 bp −$8	10.4 bp −$104	16.7 bp −$1,665	doesn't fit
Sell HTX live order book, 5 min ago	2.07 bp	8.1 bp −$8	9.5 bp −$95	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	95.731	−0.992%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.041%	$234K	$440K	15x	as long as short
BloFin BZ-USDTlong	−0.0031%	4h	96.690	long leg	$1.5M	$91K	50x
Aster BZUSDT	0.0000%	4h	96.682	−0.008%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.681	−0.010%	$145.8M	$402.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.660	−0.031%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.660	−0.031%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.666	−0.024%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.630	−0.062%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.700	+0.010%	$27.6M	$17.8M	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	96.687	−0.003%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.015%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.700	+0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.660	−0.031%	$308K	$222K	75x
Phemex XBRUSDT	0.0000%	4h	96.700	+0.010%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.218	+0.546%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	+0.009%	$221K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.690	0.000%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.728	+0.039%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.680	−0.010%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.680	−0.010%	$724K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.77	+4.220%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.667	−0.024%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.696	+0.006%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.755	+0.067%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.660	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.730	+0.041%	$3.8M	$926K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+0.052%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S +0.0123%	1h	96.685	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0327%	1h	96.702	+0.013%	$7K	$44K	5x	as long as short