BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.044%

Price spread now: BloFin against edgeX−0.034%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.108%−$11 · spread now −0.034%, 7d avg +0.011%

Together, before fees−0.182%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.046% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.023	0.0006	pay 0.0003% / 4h	1h 14m	$220K	$234K	20x
Short	BloFin BZ-USDT	95.990	−0.0028	pay 0.0014% / 4h	1h 14m	$1.5M	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$7.08
Price spread: −0.034% → +0.011%: −$4.57
Slippage, 4 orders: −$24.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.66
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BloFin: 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 edgeX live order book, 2 min ago	10.42 bp	14.9 bp −$15	15.6 bp −$156	59.9 bp −$5,994	doesn't fit
Sell BloFin live order book, 3 min ago	0.52 bp	8.7 bp −$9	11.2 bp −$112	25.8 bp −$2,579	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	96.015	−0.008%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.806%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.020	−0.003%	$2.2M	$1.3M	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0041%	1h	95.990	−0.034%	$3.0M	$1.1M	15x	as long as short
BloFin BZ-USDTshort	−0.0028%	4h	95.990	−0.034%	$1.5M	$95K	50x
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.028%	$232K	$638K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.013	−0.011%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.009	−0.014%	$145.6M	$476.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.020	−0.003%	$10.3M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.980	−0.045%	$15.8M	$27.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.960	−0.066%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.000	−0.024%	$27.4M	$21.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.993	−0.031%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.971	−0.054%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.040	+0.018%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.050	+0.028%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.086%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.030	+0.007%	$1.2M	$100K	100x	as long as short
edgeX BZUSDClong	+0.0006%	4h	96.023	long leg	$220K	$234K	20x
Aftermath Perps BRENTUSD	+0.0007%	1h	96.054	+0.032%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0016%	8h	96.016	−0.007%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.020	−0.003%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.937	−0.090%	$670K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.04	+4.183%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.047	+0.025%	$147.8M	$146.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.082	+0.061%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.040	+0.018%	$3.7M	$999K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.090	+0.070%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	96.060	+0.039%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.059	+0.038%	$81K	$235K	20x	as long as short