BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against edgeX+0.018%100s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on edgeX Short on Binance

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)+0.003%$0 · spread now +0.018%, 7d avg +0.033%

Together, before fees−0.010%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 100 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	edgeX BZUSDC	96.798	0.0019	pay 0.0009% / 4h	2h 37m	$222K	$232K	20x
Short	Binance BZUSDT	96.815	0	get 0.0000% / 4h	2h 37m	$146.3M	$388.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$3.89
Price spread: +0.018% → +0.033%: −$1.51
Slippage, 4 orders: −$20.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.16
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from edgeX: live order book, 29 min ago; Binance: live order book, 6 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 edgeX live order book, 29 min ago	9.83 bp	14.3 bp −$14	15.2 bp −$152	68.1 bp −$6,812	doesn't fit
Sell Binance live order book, 6 min ago	0.52 bp	5.5 bp −$6	5.8 bp −$58	12.3 bp −$1,229	43.2 bp −$21.6K

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	−0.863%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.153%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.039%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.814	+0.016%	$336K	$1.2M	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.815	+0.018%	$146.3M	$388.1M	100x
Bybit BZUSDT	0.0000%	8h	96.790	−0.008%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.810	+0.013%	$15.9M	$22.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.787	−0.012%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.770	−0.029%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.800	+0.002%	$27.6M	$16.5M	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	96.790	−0.008%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.793	−0.005%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.820	+0.023%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.840	+0.044%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.049%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.810	+0.013%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.342	+0.562%	—	—	—	as long as short
edgeX BZUSDClong	+0.0019%	4h	96.798	long leg	$222K	$232K	20x
Lighter BRENTOIL	+0.0032%	1h	96.810	+0.013%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.800	+0.002%	$674K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.135%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.785	−0.013%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.832	+0.035%	$151.7M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.858	+0.062%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.700	−0.101%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	96.800	+0.002%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.860	+0.064%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.029%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0102%	1h	96.825	+0.028%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.821	+0.024%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0273%	1h	96.810	+0.012%	$7K	$44K	5x	as long as short