BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.015%

Price spread now: edgeX against Phemex−0.058%7-day average −0.240% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.409%−$41 on $10k

Price spread, last 3 days (all we have)−0.242%−$24 · spread now −0.058%, 7d avg −0.240%

Together, before fees−0.651%+ Points / potential airdropedgeX: Active · farm board−$65 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.182% dearer against Phemex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.240%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XBRUSDT	96.480	0	get 0.0000% / 4h	3h 28m	$1.2M	$94K	100x
Short	edgeX BZUSDC	96.424	0.0001	get 0.0001% / 4h	3h 28m	$221K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0.31
Price spread: −0.058% → −0.240%: $18.2
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.49
Costs to cover: 0.210%
Break-even: 63.9 days

Slippage unknown: Phemex: live order book, 4 min ago; edgeX: live order book, 43 min ago. Net counts fees only.

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 Phemex live order book, 4 min ago	1.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	10.40 bp	14.9 bp −$15	16.1 bp −$161	59.7 bp −$5,969	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	95.669	−0.841%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.425%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.475	−0.005%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0045%	4h	96.450	−0.031%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.491	+0.011%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.462	−0.019%	$145.5M	$424.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.460	−0.021%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.460	−0.021%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.476	−0.004%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.500	+0.021%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.420	−0.062%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.480	0.000%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.430	−0.052%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.442	−0.040%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.510	+0.031%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.500	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.073%	$307K	$226K	75x	as long as short
Phemex XBRUSDTlong	0.0000%	4h	96.480	long leg	$1.2M	$94K	100x
edgeX BZUSDCshort	+0.0001%	4h	96.424	−0.058%	$221K	$234K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.007	+0.546%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.501	+0.022%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0031%	1h	96.410	−0.073%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.480	0.000%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.479	−0.001%	$747K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.477	−0.003%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.55	+4.218%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.501	+0.022%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.539	+0.061%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.510	+0.031%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	+0.010%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0437%	1h	96.466	−0.015%	$7K	$45K	5x	as long as short