BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against HTX+0.042%77s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$310.315% of the position

Long on HTX Short on GRVT

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)+0.119%+$12 · spread now +0.042%, 7d avg +0.051%

Together, before fees+0.130%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	94.330	0	get 0.0000% / 4h	1h 30m	$242K	$317K	75x
Short	GRVT BZ_USDT_Perp	94.370	−0.0046	pay 0.0023% / 4h	1h 30m	$13K	$299K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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 HTXbpFee GRVTbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$9.66
Price spread: +0.042% → +0.051%: −$0.84
Slippage, 4 orders: −$10.49
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.99
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from HTX: live order book, 15 min ago; GRVT: live order book, 15 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 HTX live order book, 15 min ago	3.18 bp	9.2 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell GRVT live order book, 15 min ago	0.53 bp	6.0 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.490	+0.170%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0386%	1h	94.350	+0.021%	$34K	$382K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.347	+0.018%	$103K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.418	+0.093%	$1.9M	$2.3M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.536%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	+0.064%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0074%	8h	94.410	+0.085%	$10.8M	$17.0M	100x	as long as short
GRVT BZ_USDT_Perpshort	−0.0046%	4h	94.370	+0.042%	$13K	$299K	25x
Binance BZUSDT	−0.0029%	4h	94.430	+0.106%	$145.1M	$470.3M	100x	as long as short
edgeX BZUSDC	−0.0012%	4h	94.411	+0.086%	$217K	$231K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.413	+0.088%	$324K	$802K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.420	+0.095%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.330	0.000%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.410	+0.085%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.373	+0.045%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.390	+0.064%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	94.330	long leg	$242K	$317K	75x
Phemex XBRUSDT	0.0000%	4h	94.470	+0.148%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.964	+0.672%	—	—	—	as long as short
BloFin BZ-USDT	+0.0012%	4h	94.390	+0.064%	$1.5M	$114K	50x	as long as short
Vest BZ-PERP	+0.0018%	1h	98.080	+3.975%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0020%	1h	94.385	+0.058%	$7K	$37K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.390	+0.064%	$3.5M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.419	+0.094%	$759K	$3.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0032%	8h	94.350	+0.022%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.416	+0.091%	$139.4M	$188.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.383	+0.056%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.350	+0.021%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.340	+0.011%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.480	+0.159%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.385	+0.058%	$32K	—	111x	as long as short