BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.026%

Price spread now: Extended against Deribit−0.016%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.324%+$32 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.016%, 7d avg +0.003%

Together, before fees+0.368%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	96.800	0	get 0.0000% / 1h	22m 19s	$103K	$271K	15x
Short	Extended XBR-USD	96.784	0.0032	get 0.0004% / 1h	22m 19s	$673K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.016%Rate

Funding earned: $6.72
Price spread: −0.016% → +0.003%: −$1.95
Slippage, 4 orders: −$8.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.77
Costs to cover: 0.205%
Break-even: 23.4 days

Slippage from Deribit: live order book, 46 min ago; Extended: live order book, 2 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 Deribit live order book, 46 min ago	0.52 bp	4.0 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.62 bp	4.8 bp −$5	14.8 bp −$148	doesn't fit	doesn't fit

BZ on 30 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	96.070	−0.754%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	+0.010%	$234K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.754	−0.047%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.776	−0.025%	$146.2M	$380.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.760	−0.041%	$10.3M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	−0.041%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.751	−0.050%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.710	−0.093%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.770	−0.031%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.749	−0.053%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.783	−0.017%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.770	−0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.800	long leg	$103K	$271K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.730	−0.072%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.760	−0.041%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.760	−0.041%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.305	+0.522%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.780	−0.021%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.780	−0.021%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.784	−0.016%	$673K	$5.1M	10x
Vest BZ-PERP	+0.0046%	1h	100.80	+4.132%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.752	−0.050%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.781	−0.020%	$151.5M	$127.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.821	+0.022%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.062%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.830	+0.031%	$3.8M	$891K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.760	−0.041%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0207% / S +0.0089%	1h	96.775	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0249%	1h	96.814	+0.014%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.776	−0.025%	$83K	$218K	20x	as long as short