BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against edgeX+0.125%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.125%, 7d avg +0.059%

Together, before fees−0.057%+ Points / potential airdropedgeX: Active · farm board−$6 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: Binance is 0.066% dearer against edgeX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.809	0.0004	pay 0.0002% / 4h	1h 33m	$222K	$228K	20x
Short	Binance BZUSDT	96.930	0	get 0.0000% / 4h	1h 33m	$146.7M	$374.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.125%Rate

Funding earned: −$0.78
Price spread: +0.125% → +0.059%: $6.58
Slippage, 4 orders: −$20.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.01
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from edgeX: live order book, 29 min ago; Binance: live order book, 11 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 edgeX live order book, 29 min ago	9.81 bp	14.3 bp −$14	15.1 bp −$151	56.3 bp −$5,629	doesn't fit
Sell Binance live order book, 11 min ago	0.52 bp	5.5 bp −$6	6.2 bp −$62	15.6 bp −$1,555	53.1 bp −$26.6K

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	96.164	−0.666%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	+0.042%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.916	+0.111%	$336K	$984K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.930	+0.125%	$146.7M	$374.2M	100x
Bybit BZUSDT	0.0000%	8h	96.900	+0.094%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	+0.094%	$15.9M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.906	+0.100%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	+0.073%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	+0.135%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.786	−0.024%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.839	+0.031%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.940	+0.135%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	+0.125%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.760	−0.051%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.920	+0.115%	$1.2M	$85K	100x	as long as short
edgeX BZUSDClong	+0.0004%	4h	96.809	long leg	$222K	$228K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.457	+0.669%	—	—	—	as long as short
BloFin BZ-USDT	+0.0028%	4h	96.900	+0.094%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	+0.115%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.942	+0.137%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.95	+4.278%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.859	+0.052%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.938	+0.133%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.966	+0.162%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.810	+0.001%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	96.880	+0.073%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.950	+0.146%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	+0.063%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0174%	1h	96.864	+0.057%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0047%	1h	96.915	+0.110%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.930	+0.125%	$83K	$218K	20x	as long as short