BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against Binance−0.172%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 2 days (all we have)+0.151%+$15 · spread now −0.172%, 7d avg −0.033%

Together, before fees+0.164%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.139% cheaper against Binance than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.033%). If the spread goes back, that is −$14 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	96.990	0	get 0.0000% / 4h	2h 14m	$146.5M	$379.4M	100x
Short	edgeX BZUSDC	96.824	0.0017	get 0.0008% / 4h	2h 14m	$222K	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $3.55
Price spread: −0.172% → −0.033%: −$13.89
Slippage, 4 orders: −$20.78
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$50.11
Costs to cover: 0.398%
Break-even: 105.8 days

Slippage from Binance: live order book, 14 min ago; edgeX: live order book, 52 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 Binance live order book, 14 min ago	0.52 bp	5.5 bp −$6	6.3 bp −$63	11.3 bp −$1,127	36.0 bp −$18.0K
Sell edgeX live order book, 52 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	doesn't fit

BZ on 30 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	95.978	−1.043%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.186%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.982	−0.008%	$337K	$1.2M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	96.990	long leg	$146.5M	$379.4M	100x
Bybit BZUSDT	0.0000%	8h	96.950	−0.041%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.970	−0.021%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.956	−0.035%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−0.062%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.990	0.000%	$27.5M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.065%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.121%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.970	−0.021%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.498	+0.524%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0017%	4h	96.824	−0.172%	$222K	$228K	20x
Lighter BRENTOIL	+0.0032%	1h	96.970	−0.021%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.991	+0.001%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.04	+4.176%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.947	−0.044%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.006	+0.016%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.036	+0.047%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.072%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.990	0.000%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.041%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.113%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0083%	1h	96.955	−0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0229%	1h	96.883	−0.110%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.989	−0.001%	$84K	$218K	20x	as long as short