BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against BloFin−0.105%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.105%, 7d avg −0.013%

Together, before fees+0.196%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.092% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.840	0.0028	pay 0.0014% / 4h	2h 56m	$1.5M	$91K	50x
Short	edgeX BZUSDC	96.739	0.0017	get 0.0008% / 4h	2h 56m	$222K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$2.4
Price spread: −0.105% → −0.013%: −$9.22
Slippage, 4 orders: −$20.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.39
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; edgeX: 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, 7 min ago	0.52 bp	6.5 bp −$7	9.3 bp −$93	19.7 bp −$1,974	doesn't fit
Sell edgeX live order book, 11 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	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	95.962	−0.907%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.196%	$234K	$421K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.816	−0.024%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.803	−0.038%	$146.0M	$397.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.760	−0.083%	$10.4M	$14.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	−0.083%	$15.9M	$23.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.826	−0.014%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.770	−0.072%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.830	−0.010%	$27.7M	$16.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.790	−0.052%	$9.3M	$7.3M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.828	−0.012%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.820	−0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.820	−0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	−0.103%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.820	−0.021%	$1.2M	$88K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.333	+0.509%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0017%	4h	96.739	−0.105%	$222K	$232K	20x
BloFin BZ-USDTlong	+0.0028%	4h	96.840	long leg	$1.5M	$91K	50x
Lighter BRENTOIL	+0.0032%	1h	96.830	−0.010%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.818	−0.023%	$688K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.86	+4.151%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0047%	8h	96.834	−0.006%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.841	+0.001%	$151.7M	$138.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.867	+0.028%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.820	−0.021%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.850	+0.010%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	+0.052%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	96.880	+0.041%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0204% / S +0.0117%	1h	96.805	−0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.831	−0.009%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0312%	1h	96.799	−0.042%	$7K	$44K	5x	as long as short