BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.72 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against GRVT+0.357%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

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

costs, in and out, $10k−$250.250% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.357%, 7d avg +0.038%

Together, before fees−0.272%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.319% dearer against GRVT than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	94.935	−0.0144	get 0.0072% / 4h	3h 03m	$14K	$329K	25x
Short	Binance BZUSDT	95.274	0	get 0.0000% / 4h	3h 03m	$146.3M	$383.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.357%Rate

Funding earned: $30.24
Price spread: +0.357% → +0.038%: $31.86
Slippage, 4 orders: −$6.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $37.08
Costs to cover: 0.250%
Break-even: from the start

Slippage from GRVT: live order book, 29 min ago; Binance: live order book, 10 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 GRVT live order book, 29 min ago	0.51 bp	6.9 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.52 bp	5.5 bp −$6	5.5 bp −$55	12.4 bp −$1,239	53.4 bp −$26.7K

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	96.342	+1.482%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perplong	−0.0144%	4h	94.935	long leg	$14K	$329K	25x
Ondo Perps BRENT-USD.P	−0.0096%	1h	95.180	+0.258%	$3.0M	$1.0M	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0065%	1h	95.280	+0.363%	$98K	$269K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.040	+0.110%	$274K	$582K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.262	+0.344%	$2.3M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0022%	4h	95.000	+0.068%	$1.5M	$101K	50x	as long as short
Bybit BZUSDT	−0.0007%	8h	95.240	+0.321%	$10.0M	$14.5M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.338	+0.424%	$81K	$203K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.264	+0.346%	$330K	$702K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDTshort	0.0000%	4h	95.274	+0.357%	$146.3M	$383.1M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	95.220	+0.300%	$16.1M	$22.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.210	+0.289%	$9.2M	$11.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.290	+0.373%	$28.1M	$21.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.129	+0.204%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.300	+0.384%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.920	−0.016%	$272K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.640	+0.742%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.057	+0.128%	$218K	$231K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	98.960	+4.239%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.849	+0.962%	—	—	—	as long as short
Paradex BZ-USD-PERP	+0.0032%	8h	95.248	+0.330%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.240	+0.321%	$3.5M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.322	+0.407%	$732K	$2.6M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.259	+0.341%	$151.8M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.299	+0.383%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	95.561	+0.659%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.290	+0.373%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.150	+0.226%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0112%	1h	95.290	+0.373%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.325	+0.410%	$33K	—	111x	as long as short