Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.056%
Price spread now: Binance against Bybit+0.002%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.314%+$31 on $10k
+Price spread, last 2 days (all we have)−0.022%−$2 · spread now +0.002%, 7d avg +0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 95.920 | 0 | get 0.0000% / 8h | 1h 27m | $10.2M | $16.6M | 100x |
| Short | Binance BZUSDT | 95.922 | 0 | get 0.0000% / 4h | 1h 27m | $145.5M | $479.3M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.002% → +0.009%
- −$0.63
- Slippage, 4 orders
- −$9.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.51
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: 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 Bybit live order book, 1 min ago | 0.52 bp | 9.4 bp −$9 | 16.5 bp −$165 | 111.0 bp −$11.1K | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.52 bp | 5.5 bp −$6 | 6.8 bp −$68 | 13.9 bp −$1,394 | 52.5 bp −$26.2K |
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 | 95.925 | +0.005% | $120K | — | 29x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.086 | −0.869% | $8K | $7K | 30x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0214% | 1h | 95.920 | 0.000% | $3.0M | $1.1M | 15x | as long as short |
| RISEx BZ/USDC | −0.0075% | 1h | 95.913 | −0.007% | $2.2M | $1.3M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0063% | 1h | 95.950 | +0.031% | $102K | $279K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0024% | 1h | 95.950 | +0.031% | $33K | — | 20x | as long as short |
| BloFin BZ-USDT | −0.0022% | 4h | 95.930 | +0.010% | $1.5M | $95K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0016% | 1h | 96.050 | +0.136% | $232K | $647K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 95.912 | −0.008% | $333K | $1.5M | 50x | as long as short |
| Binance BZUSDTshort | 0.0000% | 4h | 95.922 | +0.002% | $145.5M | $479.3M | 100x |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BZUSDTlong | 0.0000% | 8h | 95.920 | long leg | $10.2M | $16.6M | 100x | |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 95.920 | 0.000% | $15.8M | $27.5M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 95.880 | −0.042% | $9.2M | $18.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 95.930 | +0.010% | $27.4M | $21.9M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 95.913 | −0.007% | $9.2M | $8.3M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 95.925 | +0.005% | $34K | $388K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 95.940 | +0.021% | $4K | $2.7M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.890 | −0.031% | $305K | $259K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 95.890 | −0.031% | $1.2M | $100K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 95.924 | +0.004% | $220K | $234K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0003% | 1h | 95.923 | +0.003% | $5K | $45K | 5x | as long as short |
| Paradex BZ-USD-PERP | +0.0007% | 8h | 95.933 | +0.013% | $3K | $521 | 5x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 95.940 | +0.021% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 95.906 | −0.015% | $670K | $5.3M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.03 | +4.285% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 95.956 | +0.038% | $147.5M | $146.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 95.985 | +0.068% | $1.5M | $529K | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 95.920 | 0.000% | $3.7M | $1.0M | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 95.920 | 0.000% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0555% | 1h | 95.955 | +0.036% | $81K | $240K | 20x | as long as short |
Bybit BZUSDT
Binance BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
RISEx BZ/USDC
Deribit BRENTOIL_USDC-PERPETUAL
BloFin BZ-USDT
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Aftermath Perps BRENTUSD
Paradex BZ-USD-PERP
Lighter BRENTOIL
Extended XBR-USD
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD