BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.001%

Price spread now: SunX against edgeX+0.062%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.062%, 7d avg +0.038%

Together, before fees−0.140%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.024% dearer against edgeX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.038%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 6.4 days. At the pace of the last 7 days (−0.056% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	96.740	0.0013	pay 0.0006% / 4h	2h 34m	$222K	$232K	20x
Short	SunX BRENTOIL-USDT	96.800	0	get 0.0000% / 4h	2h 34m	$4K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$2.63
Price spread: +0.062% → +0.038%: $2.4
Slippage, 4 orders: −$60.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.03
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; SunX: live order book, 2 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, 32 min ago	9.83 bp	14.3 bp −$14	15.2 bp −$152	68.1 bp −$6,812	doesn't fit
Sell SunX live order book, 2 min ago	18.59 bp	26.5 bp −$26	35.2 bp −$352	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	96.070	−0.692%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.093%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.790	+0.052%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	+0.021%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.747	+0.008%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.744	+0.005%	$146.2M	$387.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.740	0.000%	$10.3M	$14.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	0.000%	$15.9M	$22.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.764	+0.025%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.710	−0.031%	$9.2M	$12.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.750	+0.011%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.770	+0.031%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.001%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.800	+0.062%	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.780	+0.042%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	0.000%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.740	0.000%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.295	+0.574%	—	—	—	as long as short
edgeX BZUSDClong	+0.0013%	4h	96.740	long leg	$222K	$232K	20x
Lighter BRENTOIL	+0.0032%	1h	96.750	+0.011%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.740	0.000%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.81	+4.208%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.771	+0.032%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.755	+0.016%	$151.5M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.844	+0.108%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.720	−0.020%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.810	+0.073%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.800	+0.062%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0100%	1h	96.765	+0.026%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.778	+0.040%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0266%	1h	96.832	+0.095%	$7K	$45K	5x	as long as short