BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against HTX−0.175%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.175%, 7d avg +0.033%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.209% cheaper against HTX than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.033%). If the spread goes back, that is −$21 on $10k: about 42 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.000	0	get 0.0000% / 4h	3h 17m	$278K	$251K	75x
Short	BloFin BZ-USDT	96.830	0.0017	get 0.0008% / 4h	3h 17m	$1.5M	$101K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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 HTXbpFee BloFinbpOrdersPrice spread, now −0.175%Rate

Funding earned: $3.52
Price spread: −0.175% → +0.033%: −$20.86
Slippage, 4 orders: −$9.53
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.87
Costs to cover: 0.335%
Break-even: 108.2 days

Slippage from HTX: live order book, 15 min ago; BloFin: live order book, 6 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 HTX live order book, 15 min ago	3.60 bp	9.6 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.03 bp	7.3 bp −$7	9.7 bp −$97	21.5 bp −$2,150	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	96.342	−0.678%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0163%	1h	96.860	−0.144%	$99K	$268K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0094%	4h	96.917	−0.086%	$13K	$327K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0086%	1h	96.750	−0.258%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	96.880	−0.124%	$277K	$541K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	96.789	−0.218%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	96.879	−0.125%	$81K	$202K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.886	−0.118%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.828	−0.178%	$147.6M	$359.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.830	−0.175%	$10.1M	$13.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.820	−0.186%	$16.2M	$20.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.790	−0.216%	$9.2M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.850	−0.155%	$28.0M	$19.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	+0.032%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.860	−0.144%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.000	long leg	$278K	$251K	75x
Phemex XBRUSDT	0.0000%	4h	97.030	+0.031%	$1.2M	$81K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.72	+3.835%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.394	+0.406%	—	—	—	as long as short
BloFin BZ-USDTshort	+0.0017%	4h	96.830	−0.175%	$1.5M	$101K	50x
edgeX BZUSDC	+0.0019%	4h	96.945	−0.057%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.800	−0.206%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.889	−0.114%	$749K	$2.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.829	−0.177%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.857	−0.147%	$153.2M	$117.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.850	−0.155%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	97.072	+0.075%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	−0.165%	$3.7M	$949K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.110	+0.113%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	96.830	−0.175%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0326% / S −0.2771%	1h	96.825	−0.180%	$115K	—	111x	as long as short