BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.021%

Price spread now: Phemex against BloFin−0.063%59s7-day average +0.213% · you buy dearer than you sell

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

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.063%, 7d avg +0.213%

Together, before fees+0.915%+$92 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 Phemex is 0.277% cheaper against BloFin than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.213%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.438%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	94.840	0.0019	pay 0.0010% / 4h	2h 05m	$1.5M	$109K	50x
Short	Phemex XBRUSDT	94.780	0	get 0.0000% / 4h	2h 05m	$1.2M	$81K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$4
Price spread: −0.063% → +0.213%: −$27.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.66
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Phemex: live order book, 5 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 BloFin live order book, 5 min ago	0.53 bp	7.4 bp −$7	10.1 bp −$101	27.2 bp −$2,720	doesn't fit
Sell Phemex live order book, 5 min ago	0.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BZ on 31 exchanges

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	−0.0804%	1h	94.770	−0.074%	$77K	$344K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.706	−0.141%	$93K	$249K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	94.808	−0.033%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.630	−0.221%	$282K	$699K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.155	+0.333%	$14K	$312K	25x	as long as short
Bybit BZUSDT	−0.0039%	8h	94.720	−0.127%	$10.2M	$16.0M	100x	as long as short
Aster BZUSDT	0.0000%	4h	94.737	−0.109%	$327K	$784K	50x	as long as short
Binance BZUSDT	0.0000%	4h	94.710	−0.137%	$146.8M	$442.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.730	−0.116%	$16.0M	$26.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.640	−0.211%	$9.0M	$13.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	94.730	−0.116%	$28.2M	$27.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.184	+0.362%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.830	−0.011%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.720	−0.127%	$271K	$260K	75x	as long as short
Phemex XBRUSDTshort	0.0000%	4h	94.780	−0.063%	$1.2M	$81K	100x
edgeX BZUSDC	+0.0002%	4h	95.054	+0.225%	$218K	$231K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0005%	1h	94.720	−0.127%	$3.0M	$1.1M	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.185	+0.364%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	98.550	+3.912%	—	$735K	10x	as long as short
BloFin BZ-USDTlong	+0.0019%	4h	94.840	long leg	$1.5M	$109K	50x
Aftermath Perps BRENTUSD	+0.0032%	1h	95.175	+0.353%	$7K	$38K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.690	−0.158%	$3.5M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.731	−0.115%	$653K	$3.5M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.004%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0035%	8h	94.780	−0.064%	$1K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.652	−0.198%	$133.2M	$160.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.793	−0.050%	$1.6M	$392K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.700	−0.148%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.270	+0.453%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.635	−0.216%	$33K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0232%	1h	94.740	−0.105%	$33K	—	20x	as long as short