BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: BloFin against Phemex0.000%59s7-day average −0.214% · you sell dearer than you buy

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

Long on Phemex Short on BloFin

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)−0.394%−$39 · spread now 0.000%, 7d avg −0.214%

Together, before fees−0.832%−$83 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 0.214% dearer against Phemex than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.214%. 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	Phemex XBRUSDT	94.400	0	get 0.0000% / 4h	53m 30s	$1.2M	$93K	100x
Short	BloFin BZ-USDT	94.400	−0.0001	pay 0.0000% / 4h	53m 30s	$1.5M	$123K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhemexbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.11
Price spread: 0.000% → −0.214%: $21.36
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.75
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; BloFin: live order book, 2 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 Phemex live order book, 2 min ago	17.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.53 bp	7.2 bp −$7	10.1 bp −$101	29.7 bp −$2,966	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
RISEx BZ/USDC	−0.0384%	1h	94.333	−0.071%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.384	−0.017%	$107K	$274K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0280%	1h	94.370	−0.032%	$29K	$385K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.265%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0058%	8h	94.360	−0.042%	$10.4M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0022%	4h	94.350	−0.053%	$145.6M	$465.8M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−0.057%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.370	−0.032%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAP	−0.0002%	4h	94.360	−0.042%	$15.8M	$28.6M	50x	as long as short
BloFin BZ-USDTshort	−0.0001%	4h	94.400	0.000%	$1.5M	$123K	50x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.396	−0.004%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.320	−0.085%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.370	−0.032%	$27.4M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	−0.127%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.430	+0.032%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.340	−0.064%	$242K	$312K	75x	as long as short
Phemex XBRUSDTlong	0.0000%	4h	94.400	long leg	$1.2M	$93K	100x
Aftermath Perps BRENTUSD	+0.0008%	1h	94.256	−0.153%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.886	+0.515%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.050	+3.867%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.370	−0.032%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.385	−0.015%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.462%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.378	−0.023%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.377	−0.024%	$139.7M	$183.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.366	−0.036%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.300	−0.106%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.350	−0.053%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.420	+0.021%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.385	−0.016%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0200%	1h	94.470	+0.074%	$33K	—	20x	as long as short