Settings8H · net · $10k
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Funding arb · Price arb /

BZ

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against OKX−0.062%63s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as 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−$280.281% of the position
Long on OKXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.062%, 7d avg −0.005%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.056% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BZ-USDT-SWAP97.5000get 0.0000% / 4h3h 40m$16.0M$20.4M50x
ShortBloFin BZ-USDT97.4400.0004get 0.0002% / 4h3h 40m$1.5M$92K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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

Funding earned
$0.78
Price spread: −0.062% → −0.005%
−$5.64
Slippage, 4 orders
−$6.1
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$32.96
Costs to cover
0.281%
Break-even
302.5 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.51 bp6.0 bp −$69.7 bp −$9724.9 bp −$2,490doesn't fit
Sell BloFin live order book, 3 min ago0.51 bp7.2 bp −$79.7 bp −$9719.9 bp −$1,995doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.333−1.197%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.270−0.236%$233K$439K15xas long as short
Aster BZUSDT0.0000%4h97.488−0.013%$339K$930K50xas long as short
Binance BZUSDT0.0000%4h97.5000.000%$147.7M$367.5M100xas long as short
Bybit BZUSDT0.0000%8h97.490−0.010%$10.4M$12.7M100xas long as short
OKX BZ-USDT-SWAPlong0.0000%4h97.500long leg$16.0M$20.4M50x
RISEx BZ/USDC0.0000%1h97.480−0.021%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.470−0.031%$9.2M$12.1M100xas long as short
Bitget BZUSDT0.0000%4h97.490−0.010%$27.9M$16.6M100xas long as short
Variational Omni BZ0.0000%4h97.458−0.043%$9.3M$6.9M—as long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BZ_USDT_Perp0.0000%4h97.370−0.133%$29K$307K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.520+0.021%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.510+0.010%$104K$242K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.320−0.185%$279K$267K75xas long as short
Phemex XBRUSDT0.0000%4h97.510+0.010%$1.2M$84K100xas long as short
BloFin BZ-USDTshort+0.0004%4h97.440−0.062%$1.5M$92K50x
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.053+0.567%———as long as short
edgeX BZUSDC+0.0012%4h97.366−0.137%$223K$226K20xas long as short
Vest BZ-PERP+0.0029%1h101.53+4.133%—$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.5000.000%$3.2M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.514+0.015%$675K$4.1M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.489−0.012%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.530+0.031%$153.9M$126.4M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.529+0.030%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.440−0.062%$3.1M$1.0M15xas long as short
Kraken Futures PF_BRENTOILUSD+0.0063%1h97.502+0.002%$82K$208K20xas long as short
Hotstuff BRENTOIL-PERP+0.0080%1h97.510+0.010%$34K—20xas long as short
KuCoin BZUSDTM+0.0100%4h97.550+0.051%$3.8M$868K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.370−0.133%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0103%1h97.393−0.110%$7K$43K5xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0239% / S −0.0325%1h97.495−0.005%$127K—111xas long as short