Settings8H · net · $10k
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Funding arb · Price arb /

BZ

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Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.039%
Price spread now: Coinbase International against Extended−0.085%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Long on ExtendedShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.228%−$23 on $10k
Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.085%, 7d avg −0.123%
Together, before fees−0.394%+ Points / potential airdropExtended: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.038% dearer against Extended than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.123%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XBR-USD97.3230.0032pay 0.0004% / 1h41m 55s$678K$4.5M10x
ShortCoinbase International BRENTOIL-PERP-INTX97.240−0.0096pay 0.0012% / 1h41m 55s$234K$437K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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

Funding earned
−$26.88
Price spread: −0.085% → −0.123%
$3.78
Slippage, 4 orders
−$6.16
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$44.26
Costs to cover
0.212%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.98 bp4.2 bp −$412.3 bp −$123doesn't fitdoesn't fit
Sell Coinbase International live order book, 16 min ago1.03 bp6.0 bp −$68.1 bp −$81doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.376−0.973%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTXshort−0.0096%1h97.240−0.085%$234K$437K15x
Hotstuff BRENTOIL-PERP−0.0016%1h97.370+0.048%$34K—20xas long as short
BloFin BZ-USDT−0.0012%4h97.330+0.007%$1.5M$92K50xas long as short
Aster BZUSDT0.0000%4h97.314−0.010%$338K$954K50xas long as short
Binance BZUSDT0.0000%4h97.310−0.014%$147.1M$371.3M100xas long as short
Bybit BZUSDT0.0000%8h97.300−0.024%$10.4M$13.1M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.280−0.044%$16.1M$20.5M50xas long as short
RISEx BZ/USDC0.0000%1h97.316−0.007%$2.2M$1.4M20xas long as short
Gate BZ_USDT0.0000%8h97.260−0.065%$9.2M$12.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h97.320−0.003%$27.5M$16.3M100xas long as short
Variational Omni BZ0.0000%4h97.257−0.068%$9.4M$6.8M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.295−0.029%$28K$352K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.340+0.017%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.330+0.007%$104K$236K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.290−0.034%$279K$268K75xas long as short
Phemex XBRUSDT0.0000%4h97.330+0.007%$1.2M$85K100xas long as short
edgeX BZUSDC+0.0010%4h97.213−0.113%$223K$228K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.869+0.561%———as long as short
Lighter BRENTOIL+0.0032%1h97.340+0.017%$3.3M$4.7M20xas long as short
Extended XBR-USDlong+0.0032%1h97.323long leg$678K$4.5M10x
Vest BZ-PERP+0.0035%1h101.36+4.148%—$735K10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.326+0.003%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.351+0.029%$152.9M$124.9M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.377+0.055%$1.6M$494K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.260−0.065%$3.1M$1.1M15xas long as short
KuCoin BZUSDTM+0.0100%4h97.350+0.028%$3.8M$871K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.320−0.003%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0102%1h97.314−0.009%$7K$43K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0142%1h97.343+0.021%$84K$207K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0190% / S +0.0009%1h97.325+0.002%$126K—111xas long as short