BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.021%

Price spread now: BloFin against Phemex+0.084%59s7-day average −0.213% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.438%−$44 on $10k

Price spread, last 4 days (all we have)−0.498%−$50 · spread now +0.084%, 7d avg −0.213%

Together, before fees−0.936%−$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.297% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.213%. Mind the row above: over the last 7 days funding on this pair cost −0.438%, so the current rate has only just turned in your favour. The two prices were read 59 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	Phemex XBRUSDT	95.360	0	get 0.0000% / 4h	2h 15m	$1.2M	$81K	100x
Short	BloFin BZ-USDT	95.440	0.0039	get 0.0019% / 4h	2h 15m	$1.6M	$108K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhemexbpFee BloFinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $8.11
Price spread: +0.084% → −0.213%: $29.72
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.82
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 min ago; BloFin: live order book, 5 min ago. Net counts fees only.

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 Phemex live order book, 5 min ago	1.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.52 bp	7.4 bp −$7	8.7 bp −$87	19.5 bp −$1,947	doesn't fit

BZ on 31 exchanges

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0484%	1h	95.290	−0.073%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.309	−0.053%	$94K	$245K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.330	−0.032%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.420	+0.063%	$270K	$647K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.510	+0.157%	$14K	$320K	25x	as long as short
Bybit BZUSDT	−0.0009%	8h	95.320	−0.042%	$10.0M	$15.4M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.370	+0.010%	$329K	$700K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.332	−0.029%	$146.5M	$418.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.330	−0.031%	$16.2M	$24.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.250	−0.115%	$9.1M	$12.5M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.310	−0.052%	$27.9M	$25.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.295	−0.069%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.380	+0.021%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.390	+0.031%	$273K	$260K	75x	as long as short
Phemex XBRUSDTlong	0.0000%	4h	95.360	long leg	$1.2M	$81K	100x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.810	+0.472%	—	—	—	as long as short
Ondo Perps BRENT-USD.P	+0.0017%	1h	95.380	+0.021%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0019%	1h	99.010	+3.828%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0020%	4h	95.482	+0.128%	$219K	$231K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.310	−0.052%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.328	−0.034%	$693K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.549%	$8K	$7K	30x	as long as short
BloFin BZ-USDTshort	+0.0039%	4h	95.440	+0.084%	$1.6M	$108K	50x
Paradex BZ-USD-PERP	+0.0041%	8h	95.308	−0.055%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0044%	1h	95.500	+0.147%	$7K	$38K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.329	−0.033%	$145.7M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.272	−0.092%	$1.6M	$391K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.370	+0.010%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	+0.168%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.305	−0.058%	$33K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0272%	1h	95.420	+0.063%	$33K	—	20x	as long as short