BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Aftermath Perps−0.083%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.083% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BRENTUSD	95.569	0.0043	pay 0.0005% / 1h	19m 30s	$7K	$38K	5x
Short	Lighter BRENTOIL	95.490	0.0032	get 0.0004% / 1h	19m 30s	$3.5M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aftermath Perps. 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 Aftermath PerpsbpFee LighterbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$2.37
Price spread: −0.083% → 0.000%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.64
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 7 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	1.05 bp	1.0 bp −$1	3.3 bp −$33	14.3 bp −$1,427	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0378%	1h	95.460	−0.114%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.460	−0.114%	$95K	$244K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.483	−0.091%	$2.4M	$1.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.480	−0.093%	$271K	$645K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0060%	4h	95.610	+0.043%	$14K	$320K	25x	as long as short
BloFin BZ-USDT	−0.0032%	4h	95.480	−0.093%	$1.6M	$108K	50x	as long as short
Bybit BZUSDT	−0.0002%	8h	95.490	−0.083%	$10.0M	$15.3M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.554	−0.016%	$330K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.510	−0.062%	$147.2M	$417.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.500	−0.072%	$16.2M	$24.7M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.460	−0.114%	$9.1M	$12.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.490	−0.083%	$28.0M	$25.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.465	−0.108%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.510	−0.062%	$4K	$1.9M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.480	−0.093%	$273K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.520	−0.051%	$1.2M	$81K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	95.472	−0.102%	$219K	$231K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.991	+0.441%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	99.220	+3.820%	—	$735K	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0019%	1h	95.440	−0.135%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOILshort	+0.0032%	1h	95.490	−0.083%	$3.5M	$5.5M	20x
Extended XBR-USD	+0.0032%	1h	95.507	−0.065%	$720K	$3.2M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.767%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	95.473	−0.100%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSDlong	+0.0043%	1h	95.569	long leg	$7K	$38K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.503	−0.069%	$149.0M	$136.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.479	−0.094%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.550	−0.020%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.520	−0.051%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	95.510	−0.062%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.495	−0.077%	$33K	—	111x	as long as short