BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against GRVT+0.051%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.051%, 7d avg −0.038%

Together, before fees−0.472%+ Points / potential airdropGRVT: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and HTX is 0.090% dearer against GRVT than usual: you sell high and buy low: +$9 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	97.330	−0.0014	get 0.0007% / 4h	3h 42m	$14K	$332K	25x
Short	HTX BRENTOIL-USDT	97.380	0	get 0.0000% / 4h	3h 42m	$280K	$251K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $2.94
Price spread: +0.051% → −0.038%: $8.96
Slippage, 4 orders: −$11.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.13
Costs to cover: 0.320%
Break-even: 54.9 days

Slippage from GRVT: live order book, 55 min ago; HTX: live order book, 54 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, 55 min ago	0.51 bp	8.9 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell HTX live order book, 54 min ago	3.08 bp	9.1 bp −$9	10.5 bp −$105	doesn't fit	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	96.342	−1.015%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.460	+0.134%	$100K	$260K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0128%	1h	97.370	+0.041%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.154%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0039%	1h	97.340	+0.010%	$3.1M	$992K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.451	+0.124%	$2.4M	$1.8M	20x	as long as short
GRVT BZ_USDT_Perplong	−0.0014%	4h	97.330	long leg	$14K	$332K	25x
BloFin BZ-USDT	−0.0007%	4h	97.460	+0.134%	$1.5M	$100K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.466	+0.140%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.444	+0.117%	$339K	$761K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	97.460	+0.134%	$149.1M	$353.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.440	+0.113%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.440	+0.113%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.410	+0.082%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.460	+0.134%	$28.0M	$18.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.339	+0.009%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.490	+0.164%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.380	+0.051%	$280K	$251K	75x
Phemex XBRUSDT	0.0000%	4h	97.470	+0.144%	$1.2M	$85K	100x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.43	+4.212%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.011	+0.699%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.335	+0.005%	$223K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.440	+0.113%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.474	+0.148%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.438	+0.111%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.495	+0.170%	$155.6M	$116.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.490	+0.164%	$1.6M	$370K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.374	+0.046%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.440	+0.113%	$3.8M	$797K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.380	+0.051%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.445	+0.118%	$116K	—	111x	as long as short