BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: tradeXYZ against gTrade (Gains Network)−0.539%58s7-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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.539% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.539% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 47 days of funding at the current rate (+$1 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	96.812	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	45m 32s	—	—	—
Short	tradeXYZ xyz:BRENTOIL	96.290	0.0050	get 0.0006% / 1h	45m 32s	$151.1M	$143.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.539%Rate

Funding earned: $8.1
Price spread: −0.539% → 0.000%: −$53.93
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$73.83
Costs to cover: 0.280%
Break-even: 70.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 3 min ago	0.16 bp	10.1 bp −$10	11.1 bp −$111	doesn't fit	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.265	−0.565%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−1.345%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.767%	$232K	$483K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.248	−0.583%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.261	−0.569%	$145.6M	$435.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.270	−0.560%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.260	−0.570%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.252	−0.579%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.220	−0.612%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.260	−0.570%	$27.6M	$20.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.240	−0.591%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.251	−0.580%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.280	−0.550%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.290	−0.539%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.210	−0.622%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	−0.467%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.205	−0.627%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	96.812	long leg	—	—	—
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.289	−0.541%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.180	−0.653%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.280	−0.550%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.278	−0.552%	$745K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	96.262	−0.569%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0044%	4h	96.280	−0.550%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.36	+3.665%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	96.290	−0.539%	$33K	—	20x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.290	−0.539%	$151.1M	$143.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.325	−0.503%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.310	−0.519%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.290	−0.539%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0546%	1h	96.226	−0.605%	$6K	$44K	5x	as long as short