Funding you earn now, next payment 23:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.031%
Price spread now: HTX against Coinbase International+0.052%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.052%, 7d avg +0.070%
=The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BRENTOIL-PERP-INTX | 96.070 | −0.0040 | get 0.0005% / 1h | 12m 37s | $232K | $534K | 15x |
| Short | HTX BRENTOIL-USDT | 96.120 | 0 | get 0.0000% / 4h | 12m 37s | $306K | $249K | 75x |
Coinbase International BRENTOIL-PERP-INTX
HTX BRENTOIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.4
- Price spread: +0.052% → +0.070%
- −$1.76
- Slippage, 4 orders
- −$9.54
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$24.9
- Costs to cover
- 0.315%
- Break-even
- 27.8 days
Slippage from Coinbase International: live order book, 66 min ago; HTX: live order book, 64 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 Coinbase International live order book, 66 min ago | 1.56 bp | 6.7 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell HTX live order book, 64 min ago | 2.61 bp | 8.6 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
BZ on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | L −0.0848% / S +0.0467% | 1h | 96.195 | +0.130% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.484 | −0.610% | $8K | $7K | 30x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0048% | 1h | 96.240 | +0.177% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTXlong | −0.0040% | 1h | 96.070 | long leg | $232K | $534K | 15x | |
| RISEx BZ/USDC | −0.0020% | 1h | 96.183 | +0.118% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.210 | +0.146% | $334K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.184 | +0.118% | $145.8M | $451.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.200 | +0.135% | $10.5M | $16.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.190 | +0.125% | $15.8M | $26.5M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.140 | +0.073% | $9.2M | $16.4M | 100x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
Hotstuff BRENTOIL-PERP
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.180 | +0.114% | $27.6M | $20.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.181 | +0.116% | $9.3M | $7.7M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.206 | +0.142% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.220 | +0.156% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.230 | +0.167% | $103K | $275K | 15x | as long as short |
| HTX BRENTOIL-USDTshort | 0.0000% | 4h | 96.120 | +0.052% | $306K | $249K | 75x | |
| Phemex XBRUSDT | 0.0000% | 4h | 96.200 | +0.135% | $1.2M | $94K | 100x | as long as short |
| edgeX BZUSDC | +0.0012% | 4h | 96.186 | +0.121% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0030% | 8h | 96.187 | +0.122% | $3K | $521 | 5x | as long as short |
| BloFin BZ-USDT | +0.0039% | 4h | 96.160 | +0.094% | $1.5M | $96K | 50x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.880 | +3.966% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.225 | +0.161% | $151.0M | $144.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.262 | +0.200% | $1.5M | $525K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 96.270 | +0.208% | $6K | $44K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.100 | +0.031% | $3.8M | $988K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.210 | +0.146% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.246 | +0.183% | $83K | $234K | 20x | as long as short |
| Lighter BRENTOIL | +0.0272% | 1h | 96.210 | +0.146% | $3.3M | $4.3M | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0402% | 1h | 96.150 | +0.083% | $3.1M | $1.1M | 15x | as long as short |
| Extended XBR-USD | +0.0560% | 1h | 96.134 | +0.066% | $675K | $5.2M | 10x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
Phemex XBRUSDT
edgeX BZUSDC
Paradex BZ-USD-PERP
BloFin BZ-USDT
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Lighter BRENTOIL
Ondo Perps BRENT-USD.P
Extended XBR-USD