Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BloFin0.000%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.125%+$12 · spread now 0.000%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BZ-USDT | 96.030 | −0.0028 | get 0.0014% / 4h | 1h 05m | $1.5M | $95K | 50x |
| Short | OKX BZ-USDT-SWAP | 96.030 | 0 | get 0.0000% / 4h | 1h 05m | $15.8M | $27.0M | 50x |
BloFin BZ-USDT
OKX BZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- $5.84
- Price spread: 0.000% → +0.006%
- −$0.56
- Slippage, 4 orders
- −$4.81
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$21.53
- Costs to cover
- 0.268%
- Break-even
- 32.8 days
Slippage from BloFin: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago | 1.04 bp | 7.0 bp −$7 | 8.0 bp −$80 | 13.9 bp −$1,395 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.52 bp | 6.6 bp −$7 | 10.5 bp −$105 | 25.6 bp −$2,564 | 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 | 96.055 | +0.026% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.249 | −0.813% | $8K | $7K | 30x | as long as short |
| RISEx BZ/USDC | −0.0075% | 1h | 96.040 | +0.010% | $2.2M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0072% | 1h | 96.060 | +0.031% | $33K | — | 20x | as long as short |
| BloFin BZ-USDTlong | −0.0028% | 4h | 96.030 | long leg | $1.5M | $95K | 50x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0016% | 1h | 96.050 | +0.021% | $232K | $608K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.032 | +0.002% | $334K | $1.5M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.060 | +0.031% | $145.7M | $470.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.070 | +0.042% | $10.4M | $15.9M | 100x | as long as short |
| OKX BZ-USDT-SWAPshort | 0.0000% | 4h | 96.030 | 0.000% | $15.8M | $27.0M | 50x |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 96.000 | −0.031% | $9.2M | $18.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.030 | 0.000% | $27.4M | $21.1M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.022 | −0.008% | $9.2M | $8.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.009 | −0.022% | $34K | $388K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.080 | +0.052% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.080 | +0.052% | $103K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.990 | −0.042% | $305K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.060 | +0.031% | $1.2M | $96K | 100x | as long as short |
| edgeX BZUSDC | +0.0009% | 4h | 96.018 | −0.012% | $220K | $233K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0015% | 1h | 96.063 | +0.035% | $6K | $45K | 5x | as long as short |
| Paradex BZ-USD-PERP | +0.0023% | 8h | 96.041 | +0.011% | $3K | $521 | 5x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.050 | +0.021% | $3.3M | $4.3M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 95.966 | −0.067% | $670K | $5.2M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.34 | +4.488% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.060 | +0.031% | $147.8M | $145.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.099 | +0.072% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.020 | −0.010% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.060 | +0.031% | $3.8M | $996K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.060 | +0.031% | $25K | $270K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0555% | 1h | 96.097 | +0.069% | $81K | $235K | 20x | 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
Aftermath Perps BRENTUSD
Paradex BZ-USD-PERP
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD