BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.020%

Price spread now: Phemex against BloFin+0.031%7-day average +0.224% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 4 days (all we have)+0.495%+$49 · spread now +0.031%, 7d avg +0.224%

Together, before fees+0.927%+$93 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.193% cheaper against BloFin than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.224%). If the spread goes back, that is −$19 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.432% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.080	−0.0040	get 0.0020% / 4h	1h 04m	$1.5M	$91K	50x
Short	Phemex XBRUSDT	97.110	0	get 0.0000% / 4h	1h 04m	$1.2M	$86K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.031%Rate

Funding earned: $8.43
Price spread: +0.031% → +0.224%: −$19.29
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$34.86
Costs to cover: 0.240%
Break-even: 35.9 days

Slippage unknown: BloFin: live order book, 3 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

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, 3 min ago	0.51 bp	6.8 bp −$7	9.9 bp −$99	18.9 bp −$1,894	doesn't fit
Sell Phemex live order book, 3 min ago	4.12 bp	doesn't fit	doesn't fit	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	96.141	−0.967%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.093%	$234K	$433K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0080%	1h	97.190	+0.113%	$33K	—	20x	as long as short
BloFin BZ-USDTlong	−0.0040%	4h	97.080	long leg	$1.5M	$91K	50x
Aster BZUSDT	0.0000%	4h	97.135	+0.057%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.242	+0.166%	$147.1M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	+0.134%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.230	+0.155%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.190	+0.113%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	+0.031%	$9.2M	$12.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.250	+0.175%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	+0.006%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.972	−0.111%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.120	+0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.110	+0.031%	$104K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.980	−0.103%	$278K	$268K	75x	as long as short
Phemex XBRUSDTshort	0.0000%	4h	97.110	+0.031%	$1.2M	$86K	100x
edgeX BZUSDC	+0.0009%	4h	97.042	−0.040%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.643	+0.580%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+0.093%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.177	+0.100%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.24	+4.285%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.173	+0.096%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.224	+0.148%	$152.4M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.287	+0.213%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.090	+0.010%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.230	+0.155%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.020	−0.062%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0116%	1h	97.061	−0.020%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0186% / S +0.0024%	1h	97.095	+0.015%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.127	+0.049%	$84K	$218K	20x	as long as short