Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against BloFin+0.021%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now +0.021%, 7d avg +0.039%
=The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BZ-USDT | 97.330 | −0.0049 | get 0.0024% / 4h | 2m 43s | $1.5M | $99K | 50x |
| Short | Binance BZUSDT | 97.350 | 0 | get 0.0000% / 4h | 2m 43s | $148.2M | $351.7M | 100x |
BloFin BZ-USDT
Binance BZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.2
- Price spread: +0.021% → +0.039%
- −$1.88
- Slippage, 4 orders
- −$4.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.89
- Costs to cover
- 0.262%
- Break-even
- 19.3 days
Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 11 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 BloFin live order book, 5 min ago | 1.03 bp | 7.8 bp −$8 | 9.9 bp −$99 | 15.3 bp −$1,531 | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.51 bp | 5.5 bp −$6 | 6.1 bp −$61 | 10.8 bp −$1,075 | 44.4 bp −$22.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0263% | 1h | 97.350 | +0.021% | $100K | $256K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.342 | −1.015% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.480 | +0.154% | $237K | $402K | 15x | as long as short |
| BloFin BZ-USDTlong | −0.0049% | 4h | 97.330 | long leg | $1.5M | $99K | 50x | |
| Ondo Perps BRENT-USD.P | −0.0018% | 1h | 97.260 | −0.072% | $3.1M | $1.0M | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.393 | +0.065% | $339K | $860K | 50x | as long as short |
| Binance BZUSDTshort | 0.0000% | 4h | 97.350 | +0.021% | $148.2M | $351.7M | 100x | |
| Bybit BZUSDT | 0.0000% | 8h | 97.340 | +0.010% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.340 | +0.010% | $16.1M | $19.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.284 | −0.048% | $2.4M | $1.7M | 20x | as long as short |
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Ondo Perps BRENT-USD.P
Aster BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.300 | −0.031% | $9.2M | $11.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.360 | +0.031% | $27.9M | $18.5M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.402 | +0.074% | $9.5M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.430 | +0.103% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.320 | −0.010% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.290 | −0.041% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.400 | +0.072% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | +0.0003% | 4h | 97.432 | +0.105% | $224K | $229K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.37 | +4.151% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.921 | +0.608% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.340 | +0.010% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.381 | +0.052% | $747K | $2.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.351 | +0.022% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.376 | +0.047% | $155.5M | $115.4M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.382 | +0.053% | $1.6M | $395K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0076% | 1h | 97.350 | +0.020% | $7K | $40K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0088% | 1h | 97.340 | +0.010% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.390 | +0.062% | $3.8M | $799K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.450 | +0.123% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.350 | +0.020% | $82K | $200K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.345 | +0.015% | $116K | — | 111x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]