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: Deribit against Extended+0.016%7-day average −0.003% · 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−$19as in the Price arb table

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

Long on Extended Short on Deribit

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	Extended XBR-USD	96.784	0.0032	pay 0.0004% / 1h	22m 05s	$673K	$5.1M	10x
Short	Deribit BRENTOIL_USDC-PERPETUAL	96.800	0	get 0.0000% / 1h	22m 05s	$103K	$271K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee ExtendedbpFee DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$6.72
Price spread: +0.016% → −0.003%: $1.95
Slippage, 4 orders: −$8.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.31
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Deribit: live order book, 46 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 Extended live order book, 2 min ago	0.62 bp	3.7 bp −$4	12.4 bp −$124	doesn't fit	doesn't fit
Sell Deribit live order book, 46 min ago	0.52 bp	8.1 bp −$8	8.6 bp −$86	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	−0.738%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	+0.027%	$234K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.778	−0.007%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.763	−0.022%	$146.3M	$380.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.750	−0.035%	$10.3M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	−0.025%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.751	−0.034%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.720	−0.066%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.770	−0.015%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.749	−0.036%	$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	−0.001%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.770	−0.015%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	96.800	+0.016%	$103K	$271K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.730	−0.056%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.760	−0.025%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.760	−0.025%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.305	+0.538%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.780	−0.004%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.780	−0.004%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	96.784	long leg	$673K	$5.1M	10x
Vest BZ-PERP	+0.0046%	1h	100.80	+4.149%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.752	−0.033%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.787	+0.003%	$151.5M	$127.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.821	+0.038%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.740	−0.046%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.840	+0.058%	$3.8M	$891K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.760	−0.025%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0207% / S +0.0089%	1h	96.775	−0.009%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0249%	1h	96.814	+0.031%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.776	−0.008%	$83K	$218K	20x	as long as short