BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against OKX−0.010%823s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$280.283% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.010%, 7d avg −0.004%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 823 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	OKX BZ-USDT-SWAP	96.770	0	get 0.0000% / 4h	2h 35m	$15.9M	$22.6M	50x
Short	BloFin BZ-USDT	96.760	−0.0052	pay 0.0026% / 4h	2h 35m	$1.5M	$90K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.85
Price spread: −0.010% → −0.004%: −$0.63
Slippage, 4 orders: −$6.32
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.8
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 17 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 OKX live order book, 3 min ago	0.52 bp	8.5 bp −$9	11.3 bp −$113	26.4 bp −$2,637	doesn't fit
Sell BloFin live order book, 17 min ago	0.52 bp	7.3 bp −$7	11.1 bp −$111	23.0 bp −$2,303	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	96.070	−0.723%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.124%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.790	+0.021%	$33K	—	20x	as long as short
BloFin BZ-USDTshort	−0.0052%	4h	96.760	−0.010%	$1.5M	$90K	50x
Aster BZUSDT	0.0000%	4h	96.783	+0.013%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.780	+0.010%	$146.2M	$387.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.770	0.000%	$10.3M	$14.2M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	96.770	long leg	$15.9M	$22.6M	50x
RISEx BZ/USDC	0.0000%	1h	96.764	−0.006%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.730	−0.041%	$9.2M	$12.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.770	0.000%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.770	0.000%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.033%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	+0.021%	$4K	$2.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	−0.031%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.780	+0.010%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.309	+0.557%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.740	−0.031%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.770	0.000%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.776	+0.006%	$673K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.165%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.771	+0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.791	+0.022%	$151.6M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.840	+0.072%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.720	−0.052%	$3.1M	$1.1M	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	+0.0060%	1h	96.830	+0.062%	$103K	$271K	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.830	+0.062%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.800	+0.031%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0101%	1h	96.785	+0.016%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.809	+0.040%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0267%	1h	96.832	+0.064%	$7K	$45K	5x	as long as short