BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.028%

Price spread now: tradeXYZ against Deribit+0.028%7-day average +0.066% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.410%+$41 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.028%, 7d avg +0.066%

Together, before fees+0.459%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.066%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.410% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.780	0	get 0.0000% / 1h	52m 07s	$100K	$251K	15x
Short	tradeXYZ xyz:BRENTOIL	97.807	0.0050	get 0.0006% / 1h	52m 07s	$154.9M	$118.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.5
Price spread: +0.028% → +0.066%: −$3.88
Slippage, 4 orders: −$7.68
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$26.06
Costs to cover: 0.327%
Break-even: 24.4 days

Slippage from Deribit: live order book, 56 min ago; tradeXYZ: live order book, 7 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, 56 min ago	0.51 bp	9.1 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.41 bp	10.0 bp −$10	11.3 bp −$113	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	96.817	−0.985%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.256%	$235K	$416K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.810	+0.031%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.807	+0.028%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.802	+0.023%	$147.8M	$354.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.790	+0.010%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	+0.010%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.759	−0.021%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.750	−0.031%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.800	+0.020%	$27.9M	$17.4M	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	97.658	−0.125%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.670	−0.112%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	97.780	long leg	$100K	$251K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.770	−0.010%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.770	−0.010%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.338	+0.571%	—	—	—	as long as short
Vest BZ-PERP	+0.0013%	1h	101.88	+4.193%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0015%	4h	97.800	+0.020%	$1.5M	$98K	50x	as long as short
edgeX BZUSDC	+0.0020%	4h	97.655	−0.128%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.790	+0.010%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.792	+0.012%	$678K	$3.5M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.786	+0.006%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.807	+0.028%	$154.9M	$118.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.834	+0.055%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.730	−0.051%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0078%	1h	97.728	−0.053%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	+0.031%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	−0.041%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.795	+0.016%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.795	+0.015%	$116K	—	111x	as long as short