BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: Phemex against edgeX+0.136%78s7-day average +0.240% · you sell dearer than you buy

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

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now +0.136%, 7d avg +0.240%

Together, before fees+0.573%+ Points / potential airdropedgeX: Active · farm board+$57 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 0.104% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.240%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.409%, so the current rate has only just turned against you. The two prices were read 78 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	96.499	0.0017	pay 0.0008% / 4h	3h 22m	$221K	$232K	20x
Short	Phemex XBRUSDT	96.630	0	get 0.0000% / 4h	3h 22m	$1.2M	$93K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$3.54
Price spread: +0.136% → +0.240%: −$10.36
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$34.9
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 50 min ago; Phemex: live order book, 1 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 edgeX live order book, 50 min ago	10.40 bp	14.9 bp −$15	15.9 bp −$159	64.3 bp −$6,428	doesn't fit
Sell Phemex live order book, 1 min ago	0.52 bp	doesn't fit	doesn't fit	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	95.669	−0.860%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.444%	$232K	$467K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.645	+0.152%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.665	+0.172%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.621	+0.127%	$145.8M	$422.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.610	+0.115%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.600	+0.105%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.602	+0.107%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.590	+0.095%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.640	+0.146%	$27.6M	$19.2M	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	96.459	−0.041%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	+0.005%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.600	+0.105%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.670	+0.178%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.009%	$307K	$226K	75x	as long as short
Phemex XBRUSDTshort	0.0000%	4h	96.630	+0.136%	$1.2M	$93K	100x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.183	+0.709%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.500	+0.001%	$1.5M	$95K	50x	as long as short
edgeX BZUSDClong	+0.0017%	4h	96.499	long leg	$221K	$232K	20x
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.659	+0.166%	$83K	$235K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.640	+0.146%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.655	+0.161%	$739K	$5.4M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.540	+0.043%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.590	+0.095%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	96.568	+0.072%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.69	+4.343%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.646	+0.153%	$151.6M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.685	+0.193%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.670	+0.178%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	+0.001%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0399%	1h	96.524	+0.027%	$7K	$45K	5x	as long as short