BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against SunX−0.106%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.106%, 7d avg +0.013%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.120% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	93.970	0	get 0.0000% / 4h	1h 48m	$4K	$1.7M	20x
Short	Binance BZUSDT	93.870	−0.0033	pay 0.0016% / 4h	1h 48m	$144.8M	$467.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: −$6.88
Price spread: −0.106% → +0.013%: −$11.97
Slippage, 4 orders: −$41.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.4
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; Binance: 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 SunX live order book, 1 min ago	18.63 bp	22.6 bp −$23	30.9 bp −$309	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.53 bp	5.5 bp −$6	6.8 bp −$68	13.0 bp −$1,297	36.4 bp −$18.2K

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.341%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0708%	1h	93.840	−0.138%	$39K	$379K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.884	−0.092%	$95K	$265K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.914	−0.060%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.922%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0093%	8h	93.860	−0.117%	$10.7M	$16.8M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.138%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.133	+0.174%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0049%	4h	93.970	0.000%	$1.5M	$110K	50x	as long as short
Binance BZUSDTshort	−0.0033%	4h	93.870	−0.106%	$144.8M	$467.5M	100x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0023%	4h	93.931	−0.042%	$216K	$231K	20x	as long as short
Aster BZUSDT	0.0000%	4h	93.852	−0.126%	$322K	$822K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.840	−0.138%	$15.7M	$28.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.800	−0.181%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.850	−0.128%	$27.7M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	−0.084%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	93.970	long leg	$4K	$1.7M	20x
HTX BRENTOIL-USDT	0.0000%	4h	93.910	−0.064%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.240	+0.287%	$1.2M	$80K	100x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0009%	1h	93.863	−0.114%	$128.7M	$183.5M	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.417	+0.475%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.580	+3.842%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0024%	1h	93.850	−0.128%	$3.4M	$5.6M	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	93.970	0.000%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	94.079	+0.116%	$7K	$38K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	93.892	−0.083%	$756K	$3.8M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0046%	1h	93.910	−0.064%	$3.0M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.940	−0.032%	$1.5M	$487K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.900	−0.074%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.117%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.845	−0.133%	$32K	—	111x	as long as short