BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h +0.004%

Price spread now: HTX against BloFin−0.062%7-day average −0.031% · 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−$37as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.062%, 7d avg −0.031%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.980	0.0024	pay 0.0012% / 4h	1h 24m	$1.5M	$86K	50x
Short	HTX BRENTOIL-USDT	96.920	0	get 0.0000% / 4h	1h 24m	$278K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$4.96
Price spread: −0.062% → −0.031%: −$3.13
Slippage, 4 orders: −$10.28
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.37
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; HTX: live order book, 37 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, 3 min ago	1.03 bp	7.0 bp −$7	9.0 bp −$90	14.4 bp −$1,441	doesn't fit
Sell HTX live order book, 37 min ago	3.10 bp	9.1 bp −$9	11.2 bp −$112	doesn't fit	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	96.164	−0.841%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.082%	$233K	$431K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	96.910	−0.072%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.894	−0.089%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	−0.052%	$146.8M	$373.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.072%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	−0.082%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.900	−0.082%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.890	−0.093%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−0.052%	$27.4M	$16.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.955	−0.026%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.959	−0.022%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	+0.010%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	96.920	−0.062%	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	96.990	+0.010%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.479	+0.515%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	96.953	−0.027%	$222K	$227K	20x	as long as short
BloFin BZ-USDTlong	+0.0024%	4h	96.980	long leg	$1.5M	$86K	50x
Lighter BRENTOIL	+0.0032%	1h	96.900	−0.082%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.912	−0.070%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	100.96	+4.104%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.905	−0.078%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.928	−0.054%	$151.8M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.960	−0.021%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.052%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.950	−0.031%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.000	+0.021%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0162%	1h	96.951	−0.030%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0040%	1h	96.935	−0.046%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.011	+0.032%	$84K	$218K	20x	as long as short