BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.010%

Price spread now: Vest against Deribit+4.167%7-day average +3.114% · you sell dearer than you buy

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

Long on Deribit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.308%+$31 on $10k

Price spread, last 3 days (all we have)−0.621%−$62 · spread now +4.167%, 7d avg +3.114%

Together, before fees−0.313%+ Points / potential airdropVest: Active · farm board−$31 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 Vest is 1.054% dearer against Deribit than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of +3.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	96.950	0	get 0.0000% / 1h	54m 59s	$103K	$237K	15x
Short	Vest BZ-PERP	100.99	0.0046	get 0.0006% / 1h	54m 59s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +4.167%Rate

Funding earned: $9.59
Price spread: +4.167% → +3.114%: $105.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: $105.95
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Deribit: live order book, 9 min ago; Vest: no order-book sample. 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 Deribit live order book, 9 min ago	0.52 bp	5.9 bp −$6	6.2 bp −$62	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	96.207	−0.766%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.144%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.912	−0.040%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.912	−0.039%	$146.5M	$376.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	−0.052%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.930	−0.021%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.920	−0.031%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.870	−0.083%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−0.021%	$27.4M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.939	−0.011%	$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	96.949	−0.001%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.950	long leg	$103K	$237K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.930	−0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	−0.010%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.941	−0.009%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.477	+0.543%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.930	−0.021%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.924	−0.027%	$677K	$4.9M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.99	+4.167%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.924	−0.027%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.929	−0.022%	$151.8M	$127.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.975	+0.026%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.890	−0.062%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.990	+0.041%	$3.8M	$877K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	0.000%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.980	+0.031%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0066%	1h	96.935	−0.015%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0209%	1h	96.949	−0.001%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.967	+0.017%	$84K	$218K	20x	as long as short