BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against GRVT−0.147%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now −0.147%, 7d avg −0.012%

Together, before fees−0.311%+ Points / potential airdropGRVT: Active · farm board−$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.135% cheaper against GRVT than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.012%). If the spread goes back, that is −$14 on $10k: about 2.5 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.023% in total) that is about 42 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	95.210	−0.0132	get 0.0066% / 4h	2h 58m	$14K	$328K	25x
Short	BloFin BZ-USDT	95.070	0.0048	get 0.0024% / 4h	2h 58m	$1.5M	$102K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.147%Rate

Funding earned: $37.81
Price spread: −0.147% → −0.012%: −$13.54
Slippage, 4 orders: −$10.18
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.92
Costs to cover: 0.312%
Break-even: 8.3 days

Slippage from GRVT: live order book, 34 min ago; BloFin: 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 GRVT live order book, 34 min ago	0.51 bp	6.9 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.58 bp	9.6 bp −$10	11.1 bp −$111	26.0 bp −$2,596	doesn't fit

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
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.335	+0.131%	$81K	$203K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.447	+0.249%	$2.3M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0274%	1h	95.360	+0.158%	$98K	$268K	15x	as long as short
GRVT BZ_USDT_Perplong	−0.0132%	4h	95.210	long leg	$14K	$328K	25x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.320	+0.116%	$276K	$590K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	95.160	−0.053%	$33K	—	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0045%	1h	95.370	+0.168%	$3.0M	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0043%	8h	95.410	+0.210%	$10.1M	$14.6M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.480	+0.284%	$329K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.420	+0.221%	$146.4M	$392.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.480	+0.284%	$15.9M	$23.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.400	+0.200%	$9.2M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.520	+0.326%	$28.1M	$22.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	+0.029%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.160	−0.053%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.060	−0.158%	$272K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.357%	$1.2M	$80K	100x	as long as short
Vest BZ-PERP	+0.0011%	1h	98.960	+3.939%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.466%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	95.073	−0.143%	$218K	$232K	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	95.466	+0.269%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.490	+0.294%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.471	+0.274%	$751K	$2.7M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+1.189%	$8K	$7K	30x	as long as short
BloFin BZ-USDTshort	+0.0048%	4h	95.070	−0.147%	$1.5M	$102K	50x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.570	+0.378%	$153.0M	$127.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.252	+0.044%	$1.6M	$385K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	95.362	+0.159%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.580	+0.389%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.320	+0.116%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	+0.037%	$33K	—	111x	as long as short