BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.001%

Price spread now: edgeX against SunX+0.008%74s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$780.778% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.008%, 7d avg −0.038%

Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 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 edgeX is 0.046% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%. The two prices were read 74 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	SunX BRENTOIL-USDT	96.790	0	get 0.0000% / 4h	2h 40m	$4K	$2.6M	20x
Short	edgeX BZUSDC	96.798	0.0019	get 0.0009% / 4h	2h 40m	$222K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $3.89
Price spread: +0.008% → −0.038%: $4.65
Slippage, 4 orders: −$60.81
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$69.28
Costs to cover: 0.778%
Break-even: 131.8 days

Slippage from SunX: live order book, 7 min ago; edgeX: live order book, 27 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, 7 min ago	18.59 bp	22.6 bp −$23	30.7 bp −$307	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	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	95.962	−0.855%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.145%	$234K	$421K	15x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.031%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.789	−0.001%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.766	−0.025%	$146.1M	$388.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.780	−0.010%	$10.3M	$14.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.750	−0.041%	$15.9M	$23.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.781	−0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.740	−0.052%	$9.2M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.770	−0.021%	$27.8M	$16.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.790	0.000%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.800	+0.010%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.790	long leg	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.800	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.041%	$277K	$284K	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	97.304	+0.531%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0019%	4h	96.798	+0.008%	$222K	$232K	20x
Lighter BRENTOIL	+0.0032%	1h	96.780	−0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.776	−0.014%	$672K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.143%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.775	−0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.795	+0.005%	$151.6M	$132.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.842	+0.054%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.770	−0.021%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.790	0.000%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	+0.052%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0104%	1h	96.775	−0.015%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.786	−0.004%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0273%	1h	96.811	+0.021%	$7K	$44K	5x	as long as short