BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.078%

Price spread now: Bitget against edgeX+0.032%74s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$440.444% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.032%, 7d avg +0.033%

Together, before fees−0.188%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 74 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	edgeX BZUSDC	95.909	0.0015	pay 0.0007% / 4h	1h 34m	$219K	$233K	20x
Short	Bitget BZUSDT	95.940	0	get 0.0000% / 4h	1h 34m	$27.4M	$22.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$3.06
Price spread: +0.032% → +0.033%: −$0.07
Slippage, 4 orders: −$23.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.52
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Bitget: live order book, 4 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, 48 min ago	9.90 bp	14.4 bp −$14	15.1 bp −$151	66.7 bp −$6,668	doesn't fit
Sell Bitget live order book, 4 min ago	0.52 bp	7.5 bp −$7	9.1 bp −$91	29.6 bp −$2,961	69.7 bp −$34.8K

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	95.955	+0.048%	$120K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0321%	1h	95.930	+0.022%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.858%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.928	+0.020%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	95.960	+0.053%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.147%	$232K	$661K	15x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.950	+0.043%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.913	+0.004%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.960	+0.053%	$145.6M	$480.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.920	+0.011%	$10.2M	$16.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.940	+0.032%	$15.8M	$27.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.900	−0.009%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	95.940	+0.032%	$27.4M	$22.0M	100x
Variational Omni BZ	0.0000%	4h	95.904	−0.005%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.930	+0.022%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.980	+0.074%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.980	+0.074%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.041%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.960	+0.053%	$1.2M	$100K	100x	as long as short
Paradex BZ-USD-PERP	+0.0001%	8h	95.938	+0.030%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0004%	1h	95.943	+0.036%	$5K	$45K	5x	as long as short
edgeX BZUSDClong	+0.0015%	4h	95.909	long leg	$219K	$233K	20x
Lighter BRENTOIL	+0.0032%	1h	95.940	+0.032%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.898	−0.012%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.25	+4.526%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.953	+0.046%	$147.5M	$146.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.980	+0.074%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.930	+0.022%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.910	+0.001%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	95.973	+0.066%	$81K	$240K	20x	as long as short