BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Coinbase International+0.174%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.174%, 7d avg +0.121%

Together, before fees+0.269%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.052% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.530	−0.0096	get 0.0012% / 1h	13m 09s	$235K	$430K	15x
Short	Extended XBR-USD	97.699	0.0032	get 0.0004% / 1h	13m 09s	$680K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.174%Rate

Funding earned: $26.88
Price spread: +0.174% → +0.121%: $5.23
Slippage, 4 orders: −$6.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $11.01
Costs to cover: 0.211%
Break-even: 4.1 days

Slippage from Coinbase International: live order book, 35 min ago; Extended: live order book, 6 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 Coinbase International live order book, 35 min ago	1.03 bp	6.5 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.46 bp	4.8 bp −$5	13.1 bp −$131	doesn't fit	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	96.939	−0.606%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0096%	1h	97.530	long leg	$235K	$430K	15x
BloFin BZ-USDT	−0.0030%	4h	97.690	+0.164%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.709	+0.183%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.704	+0.178%	$147.8M	$360.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	+0.164%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.710	+0.185%	$16.1M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.681	+0.154%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.670	+0.144%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.710	+0.185%	$28.0M	$17.0M	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	97.609	+0.081%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	+0.129%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.195%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.710	+0.185%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	+0.062%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	+0.154%	$1.2M	$81K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.707	+0.181%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.241	+0.729%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.617	+0.089%	$225K	$229K	20x	as long as short
Vest BZ-PERP	+0.0015%	1h	101.73	+4.306%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.710	+0.185%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	+0.174%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.699	+0.174%	$680K	$3.6M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.699	+0.173%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.723	+0.198%	$154.5M	$124.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.719	+0.194%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	+0.113%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0069%	1h	97.638	+0.111%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.710	+0.185%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.660	+0.133%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.695	+0.169%	$116K	—	111x	as long as short