BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against BloFin−0.097%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on BloFin 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 4 days (all we have)+0.316%+$32 · spread now −0.097%, 7d avg +0.040%

Together, before fees+0.330%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.136% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.690	0.0056	pay 0.0028% / 4h	54m 47s	$1.5M	$96K	50x
Short	Binance BZUSDT	97.596	0	get 0.0000% / 4h	54m 47s	$148.4M	$354.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.097%Rate

Funding earned: −$11.77
Price spread: −0.097% → +0.040%: −$13.61
Slippage, 4 orders: −$3.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.15
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 4 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 BloFin live order book, 3 min ago	1.02 bp	7.1 bp −$7	10.4 bp −$104	24.5 bp −$2,452	doesn't fit
Sell Binance live order book, 4 min ago	0.51 bp	5.5 bp −$6	5.5 bp −$55	10.5 bp −$1,050	28.1 bp −$14.1K

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	97.155	−0.548%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0057%	1h	97.670	−0.020%	$100K	$253K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.010%	$237K	$415K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.650	−0.041%	$340K	$868K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.596	−0.097%	$148.4M	$354.0M	100x
Bybit BZUSDT	0.0000%	8h	97.570	−0.123%	$10.2M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.600	−0.092%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.740	+0.051%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.610	−0.082%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.600	−0.092%	$28.0M	$18.2M	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	97.787	+0.099%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.839	+0.153%	$25K	$320K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.730	+0.041%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.780	+0.092%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.760	+0.072%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	101.91	+4.320%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.266	+0.590%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.818	+0.131%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.590	−0.102%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.643	−0.048%	$729K	$3.2M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.840	+0.154%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.583	−0.109%	$3K	$531	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.640	−0.051%	$155.5M	$114.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.778	+0.090%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.550	−0.143%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDTlong	+0.0056%	4h	97.690	long leg	$1.5M	$96K	50x
KuCoin BZUSDTM	+0.0100%	4h	97.610	−0.082%	$3.8M	$808K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.810	+0.123%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0106%	1h	97.725	+0.036%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.708	+0.019%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.705	+0.015%	$116K	—	111x	as long as short