Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%
Price spread now: HTX against edgeX−0.176%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.176%, 7d avg −0.013%
=Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and HTX is 0.163% cheaper against edgeX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BZUSDC | 97.311 | 0.0011 | pay 0.0006% / 4h | 33m 26s | $224K | $228K | 20x |
| Short | HTX BRENTOIL-USDT | 97.140 | 0 | get 0.0000% / 4h | 33m 26s | $279K | $254K | 75x |
edgeX BZUSDC
HTX BRENTOIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against edgeX. 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
- −$2.34
- Price spread: −0.176% → −0.013%
- −$16.33
- Slippage, 4 orders
- −$26.72
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$66.39
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 4 min ago; HTX: live order book, 3 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 edgeX live order book, 4 min ago | 10.27 bp | 14.8 bp −$15 | 15.6 bp −$156 | 59.8 bp −$5,978 | doesn't fit |
| Sell HTX live order book, 3 min ago | 3.08 bp | 9.1 bp −$9 | 10.5 bp −$105 | 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 | 96.605 | −0.726% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.160 | −0.156% | $236K | $412K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.280 | −0.033% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.270 | −0.043% | $149.2M | $352.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.250 | −0.063% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.260 | −0.053% | $16.1M | $19.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.207 | −0.107% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.200 | −0.115% | $9.2M | $10.9M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.240 | −0.073% | $27.8M | $18.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.286 | −0.026% | $9.5M | $6.5M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.219 | −0.096% | $18K | $330K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.220 | −0.094% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.180 | −0.135% | $100K | $254K | 15x | as long as short |
| HTX BRENTOIL-USDTshort | 0.0000% | 4h | 97.140 | −0.176% | $279K | $254K | 75x | |
| Phemex XBRUSDT | 0.0000% | 4h | 97.480 | +0.173% | $1.2M | $87K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.34 | +4.140% | — | $735K | 10x | as long as short |
| edgeX BZUSDClong | +0.0011% | 4h | 97.311 | long leg | $224K | $228K | 20x | |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.733 | +0.433% | — | — | — | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0016% | 1h | 97.250 | −0.063% | $34K | — | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0028% | 1h | 97.130 | −0.187% | $3.1M | $996K | 15x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.200 | −0.115% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.216 | −0.099% | $738K | $3.1M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.207 | −0.108% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.240 | −0.073% | $155.0M | $114.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.310 | −0.002% | $1.6M | $405K | 20x | as long as short |
| BloFin BZ-USDT | +0.0050% | 4h | 97.190 | −0.125% | $1.5M | $98K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0094% | 1h | 97.327 | +0.016% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.220 | −0.094% | $3.8M | $801K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.160 | −0.156% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.212 | −0.102% | $82K | $200K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.235 | −0.079% | $115K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Hotstuff BRENTOIL-PERP
Ondo Perps BRENT-USD.P
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
BloFin BZ-USDT
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]