BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.002%

Price spread now: SunX against edgeX+0.076%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.076%, 7d avg +0.043%

Together, before fees−0.221%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.034% dearer against edgeX than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.043%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.336	0.0015	pay 0.0008% / 4h	3h 14m	$223K	$228K	20x
Short	SunX BRENTOIL-USDT	97.410	0	get 0.0000% / 4h	3h 14m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$3.16
Price spread: +0.076% → +0.043%: $3.36
Slippage, 4 orders: −$61.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.3
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 min ago; SunX: 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, 37 min ago	10.29 bp	14.8 bp −$15	15.7 bp −$157	61.5 bp −$6,145	doesn't fit
Sell SunX live order book, 3 min ago	18.49 bp	26.4 bp −$26	35.0 bp −$350	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	96.536	−0.822%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.068%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.399	+0.065%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.400	+0.066%	$147.4M	$366.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	+0.056%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.400	+0.066%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.376	+0.042%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	+0.025%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.390	+0.056%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.338	+0.002%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.338	+0.002%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.410	+0.076%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.410	+0.076%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.016%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.179%	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.940	+0.621%	—	—	—	as long as short
edgeX BZUSDClong	+0.0015%	4h	97.336	long leg	$223K	$228K	20x
Vest BZ-PERP	+0.0026%	1h	101.44	+4.217%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.410	+0.076%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.412	+0.078%	$680K	$4.0M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.390	+0.056%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.397	+0.063%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.419	+0.085%	$153.7M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.428	+0.095%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.330	−0.006%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0058%	4h	97.390	+0.056%	$1.5M	$92K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.384	+0.049%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0094%	1h	97.362	+0.026%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.430	+0.097%	$3.8M	$851K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	+0.025%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0265% / S −0.1575%	1h	97.395	+0.061%	$115K	—	111x	as long as short