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Funding arb · Price arb /

BZ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.002%
Price spread now: SunX against edgeX−0.009%74s7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as 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−$780.785% of the position
Long on edgeXShort on SunX
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)−0.137%−$14 · spread now −0.009%, 7d avg +0.042%
Together, before fees−0.192%+ Points / potential airdropedgeX: Active · farm board−$19 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: SunX is 0.051% cheaper against edgeX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BZUSDC97.1890.0007pay 0.0003% / 4h19m 42s$223K$227K20x
ShortSunX BRENTOIL-USDT97.1800get 0.0000% / 4h19m 42s$4K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$1.37
Price spread: −0.009% → +0.042%
−$5.06
Slippage, 4 orders
−$61.47
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$84.9
Costs to cover
0.785%
Break-even
never at this rate
Slippage from edgeX: live order book, 37 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 37 min ago10.27 bp14.8 bp −$1515.6 bp −$15660.4 bp −$6,042doesn't fit
Sell SunX live order book, 8 min ago18.51 bp26.4 bp −$2635.1 bp −$351doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.571−0.636%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0096%1h97.240+0.053%$234K$437K15xas long as short
Hotstuff BRENTOIL-PERP−0.0080%1h97.220+0.032%$33K—20xas long as short
Aster BZUSDT0.0000%4h97.210+0.022%$338K$954K50xas long as short
Binance BZUSDT0.0000%4h97.175−0.014%$147.1M$369.8M100xas long as short
Bybit BZUSDT0.0000%8h97.160−0.030%$10.4M$12.9M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.170−0.019%$16.1M$20.3M50xas long as short
RISEx BZ/USDC0.0000%1h97.165−0.025%$2.2M$1.4M20xas long as short
Gate BZ_USDT0.0000%8h97.120−0.071%$9.2M$12.2M100xas long as short
Bitget BZUSDT0.0000%4h97.180−0.009%$27.6M$16.5M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.177−0.012%$9.4M$6.8M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.210+0.022%$29K$361K25xas long as short
SunX BRENTOIL-USDTshort0.0000%4h97.180−0.009%$4K$2.5M20x
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.170−0.019%$104K$232K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.140−0.050%$279K$268K75xas long as short
Phemex XBRUSDT0.0000%4h97.330+0.145%$1.2M$84K100xas long as short
edgeX BZUSDClong+0.0007%4h97.189long leg$223K$227K20x
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.713+0.540%———as long as short
BloFin BZ-USDT+0.0016%4h97.170−0.019%$1.5M$91K50xas long as short
Vest BZ-PERP+0.0032%1h101.20+4.127%—$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.190+0.001%$3.3M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.175−0.014%$680K$4.4M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.171−0.018%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.217+0.029%$153.5M$126.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.229+0.041%$1.6M$491K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.120−0.071%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.220+0.032%$3.8M$871K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.180−0.009%$25K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0115%1h97.242+0.055%$7K$43K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0142%1h97.194+0.005%$84K$206K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0205% / S −0.0097%1h97.165−0.024%$126K—111xas long as short