BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: edgeX against GRVT−0.035%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$490.494% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.035%, 7d avg −0.025%

Together, before fees+0.057%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.210	0	get 0.0000% / 4h	23m 26s	$28K	$352K	25x
Short	edgeX BZUSDC	97.176	0.0016	get 0.0008% / 4h	23m 26s	$223K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $3.35
Price spread: −0.035% → −0.025%: −$1.04
Slippage, 4 orders: −$31.42
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.11
Costs to cover: 0.494%
Break-even: 105.5 days

Slippage from GRVT: live order book, 34 min ago; edgeX: live order book, 34 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	14.9 bp −$15	19.7 bp −$197	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	10.27 bp	14.8 bp −$15	16.7 bp −$167	70.9 bp −$7,092	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.571	−0.657%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.031%	$234K	$437K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.240	+0.031%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	+0.010%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.209	−0.001%	$147.0M	$370.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−0.010%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	0.000%	$16.1M	$20.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.206	−0.004%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−0.051%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	+0.010%	$27.6M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.167	−0.044%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perplong	0.0000%	4h	97.210	long leg	$28K	$352K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.230	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.230	+0.021%	$104K	$232K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.051%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.123%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.764	+0.570%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0016%	4h	97.176	−0.035%	$223K	$227K	20x
Lighter BRENTOIL	+0.0032%	1h	97.220	+0.010%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.215	+0.005%	$680K	$4.4M	10x	as long as short
Vest BZ-PERP	+0.0032%	1h	101.25	+4.156%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0049%	4h	97.190	−0.021%	$1.5M	$92K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.207	−0.003%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.272	+0.064%	$153.3M	$126.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.271	+0.063%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.160	−0.051%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.041%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	−0.031%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.281	+0.073%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.213	+0.003%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S −0.0074%	1h	97.205	−0.005%	$126K	—	111x	as long as short