BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.001%

Price spread now: GRVT against edgeX+0.145%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.145%, 7d avg +0.026%

Together, before fees−0.169%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.118% dearer against edgeX than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.026%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.055% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	95.472	0.0007	pay 0.0003% / 4h	2h 19m	$219K	$231K	20x
Short	GRVT BZ_USDT_Perp	95.610	−0.0060	pay 0.0030% / 4h	2h 19m	$14K	$320K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$14.03
Price spread: +0.145% → +0.026%: $11.82
Slippage, 4 orders: −$25.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.25
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; GRVT: live order book, 31 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, 31 min ago	9.91 bp	14.4 bp −$14	16.0 bp −$160	96.7 bp −$9,675	doesn't fit
Sell GRVT live order book, 31 min ago	2.61 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Kraken Futures PF_BRENTOILUSD	−0.0338%	1h	95.472	0.000%	$95K	$244K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.483	+0.011%	$2.4M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0273%	1h	95.470	−0.002%	$61K	$309K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.480	+0.008%	$271K	$645K	15x	as long as short
GRVT BZ_USDT_Perpshort	−0.0060%	4h	95.610	+0.145%	$14K	$320K	25x
Bybit BZUSDT	−0.0002%	8h	95.480	+0.008%	$10.0M	$15.3M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.538	+0.069%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.500	+0.029%	$147.2M	$417.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.480	+0.008%	$16.2M	$24.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.440	−0.033%	$9.1M	$12.5M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.490	+0.019%	$28.0M	$25.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.465	−0.007%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.520	+0.050%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.480	+0.008%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.510	+0.040%	$1.2M	$81K	100x	as long as short
edgeX BZUSDClong	+0.0007%	4h	95.472	long leg	$219K	$231K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.010	+0.564%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	99.220	+3.926%	—	$735K	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0019%	1h	95.440	−0.033%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.480	+0.008%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.504	+0.033%	$719K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.666%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.473	+0.001%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0042%	1h	95.548	+0.079%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0049%	4h	95.490	+0.019%	$1.6M	$108K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.483	+0.012%	$148.9M	$136.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.479	+0.007%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.560	+0.092%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	+0.050%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	95.510	+0.040%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.485	+0.014%	$33K	—	111x	as long as short