Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against edgeX+0.069%101s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.069%, 7d avg +0.023%
=Together, before fees−0.098%+ Points / potential airdropedgeX: Active · farm board−$10 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: OKX is 0.046% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 101 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 | edgeX BZUSDC | 97.792 | 0.0001 | pay 0.0000% / 4h | 1h 39m | $225K | $229K | 20x |
| Short | OKX BZ-USDT-SWAP | 97.860 | 0 | get 0.0000% / 4h | 1h 39m | $16.1M | $19.8M | 50x |
edgeX BZUSDC
OKX BZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.15
- Price spread: +0.069% → +0.023%
- $4.62
- Slippage, 4 orders
- −$22.19
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$36.71
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 2 min ago; OKX: 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 edgeX live order book, 2 min ago | 10.23 bp | 14.7 bp −$15 | 15.6 bp −$156 | 64.7 bp −$6,468 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.51 bp | 5.7 bp −$6 | 9.0 bp −$90 | 23.5 bp −$2,353 | 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 | 96.817 | −0.997% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.268% | $235K | $416K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0080% | 1h | 97.840 | +0.049% | $34K | — | 20x | as long as short |
| BloFin BZ-USDT | −0.0019% | 4h | 97.760 | −0.033% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.866 | +0.075% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.880 | +0.090% | $147.8M | $352.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.830 | +0.039% | $10.1M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAPshort | 0.0000% | 4h | 97.860 | +0.069% | $16.1M | $19.8M | 50x | |
| RISEx BZ/USDC | 0.0000% | 1h | 97.820 | +0.029% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.810 | +0.018% | $9.3M | $10.9M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.870 | +0.080% | $28.0M | $17.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.768 | −0.025% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.779 | −0.013% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.860 | +0.069% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.830 | +0.039% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.830 | +0.039% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.920 | +0.131% | $1.2M | $87K | 100x | as long as short |
| edgeX BZUSDClong | +0.0001% | 4h | 97.792 | long leg | $225K | $229K | 20x | |
| Vest BZ-PERP | +0.0011% | 1h | 101.95 | +4.252% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.419 | +0.641% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.850 | +0.059% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.867 | +0.076% | $682K | $3.4M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.815 | +0.023% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.860 | +0.069% | $155.2M | $119.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.903 | +0.113% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.760 | −0.033% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.792 | 0.000% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.870 | +0.080% | $3.9M | $823K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.840 | +0.049% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0157% | 1h | 97.853 | +0.063% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.865 | +0.074% | $116K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]