BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: tradeXYZ against Extended−0.027%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.027%, 7d avg +0.037%

Together, before fees+0.146%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.064% cheaper against Extended than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.037%). If the spread goes back, that is −$6 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.112% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.699	0.0032	pay 0.0004% / 1h	24m 43s	$680K	$3.7M	10x
Short	tradeXYZ xyz:BRENTOIL	97.673	0.0050	get 0.0006% / 1h	24m 43s	$154.3M	$123.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.027%Rate

Funding earned: $3.78
Price spread: −0.027% → +0.037%: −$6.41
Slippage, 4 orders: −$6.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.18
Costs to cover: 0.296%
Break-even: 66.6 days

Slippage from Extended: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago	1.69 bp	5.3 bp −$5	21.0 bp −$210	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.51 bp	9.5 bp −$10	10.2 bp −$102	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	96.783	−0.938%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.173%	$235K	$434K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.655	−0.046%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.640	−0.061%	$147.8M	$361.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.630	−0.071%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.640	−0.061%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	−0.032%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.650	−0.050%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.660	−0.040%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.619	−0.082%	$9.4M	$7.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.601	−0.101%	$34K	$309K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	+0.001%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.680	−0.020%	$101K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.112%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	−0.020%	$1.2M	$83K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.704	+0.005%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.231	+0.545%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.644	−0.057%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0012%	4h	97.660	−0.040%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0017%	1h	101.75	+4.146%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.640	−0.061%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.699	long leg	$680K	$3.7M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.627	−0.074%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.673	−0.027%	$154.3M	$123.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.720	+0.021%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	−0.061%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0060%	1h	97.611	−0.090%	$7K	$42K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.630	−0.071%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.690	−0.009%	$3.8M	$834K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.620	−0.081%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0319% / S −0.2554%	1h	97.685	−0.015%	$116K	—	111x	as long as short