BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against gTrade (Gains Network)−0.568%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.568% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.568% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$57 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.463	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	30m 04s	—	—	—
Short	Lighter BRENTOIL	96.910	0.0032	get 0.0004% / 1h	30m 04s	$3.3M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now −0.568%Rate

Funding earned: $4.32
Price spread: −0.568% → 0.000%: −$56.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.47
Costs to cover: 0.100%
Break-even: 108.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	1.03 bp	1.0 bp −$1	1.7 bp −$17	7.4 bp −$740	doesn't fit

gTrade (Gains Network): 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 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	96.164	−1.333%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.578%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.918	−0.559%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.900	−0.578%	$146.7M	$374.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.880	−0.599%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.880	−0.599%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.916	−0.561%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.850	−0.629%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.890	−0.588%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.885	−0.593%	$9.3M	$7.1M	—	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	96.909	−0.569%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	−0.527%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.910	−0.568%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.609%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.920	−0.558%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.616%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.463	long leg	—	—	—
BloFin BZ-USDT	+0.0025%	4h	96.900	−0.578%	$1.5M	$86K	50x	as long as short
Lighter BRENTOILshort	+0.0032%	1h	96.910	−0.568%	$3.3M	$4.7M	20x
Extended XBR-USD	+0.0032%	1h	96.919	−0.559%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.99	+3.618%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.927	−0.551%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.918	−0.560%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.987	−0.489%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.890	−0.588%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.920	−0.558%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.970	−0.506%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	−0.609%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0169%	1h	96.899	−0.579%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0045%	1h	96.915	−0.563%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.920	−0.558%	$83K	$218K	20x	as long as short