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 +0.004%

Price spread now: HTX against BloFin0.000%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now 0.000%, 7d avg −0.031%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and HTX is 0.031% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.010	−0.0013	get 0.0006% / 4h	10m 37s	$1.5M	$92K	50x
Short	HTX BRENTOIL-USDT	97.010	0	get 0.0000% / 4h	10m 37s	$278K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $2.63
Price spread: 0.000% → −0.031%: $3.11
Slippage, 4 orders: −$10.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.98
Costs to cover: 0.347%
Break-even: 84.1 days

Slippage from BloFin: live order book, 2 min ago; HTX: live order book, 46 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, 2 min ago	1.55 bp	8.6 bp −$9	9.6 bp −$96	17.0 bp −$1,697	doesn't fit
Sell HTX live order book, 46 min ago	1.54 bp	8.6 bp −$9	9.6 bp −$96	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	96.433	−0.595%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.237%	$234K	$436K	15x	as long as short
BloFin BZ-USDTlong	−0.0013%	4h	97.010	long leg	$1.5M	$92K	50x
Aster BZUSDT	0.0000%	4h	97.060	+0.052%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.029	+0.020%	$147.0M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	+0.010%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.020	+0.010%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.016	+0.006%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.031%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	+0.010%	$27.7M	$16.5M	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	97.017	+0.007%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.134%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	+0.010%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.010	0.000%	$278K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.290	+0.289%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.131%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	+0.584%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.195%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	+0.031%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.026	+0.016%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.026	+0.016%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.054	+0.045%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.081%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.990	−0.021%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.082%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	+0.062%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.165%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.113%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	+0.052%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	+0.015%	$126K	—	111x	as long as short