BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%

Price spread now: Extended against Kraken Futures+0.012%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.909%+$91 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now +0.012%, 7d avg +0.002%

Together, before fees+1.209%+ Points / potential airdropExtended: Active · farm board+$121 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.909%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	97.404	0.0063	pay 0.0008% / 1h	47m 06s	$82K	$208K	20x
Short	Extended XBR-USD	97.416	0.0032	get 0.0004% / 1h	47m 06s	$679K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Kraken Futures. 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 Kraken FuturesbpFee ExtendedbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$6.57
Price spread: +0.012% → +0.002%: $1.06
Slippage, 4 orders: −$24.9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$45.42
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 2 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 Kraken Futures live order book, 5 min ago	4.42 bp	15.4 bp −$15	26.2 bp −$262	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.41 bp	2.9 bp −$3	12.2 bp −$122	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	96.333	−1.099%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.137%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0050%	4h	97.420	+0.017%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.390	−0.014%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.390	−0.014%	$147.6M	$368.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	−0.014%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.390	−0.014%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.380	−0.024%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.045%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.430	+0.027%	$27.9M	$16.7M	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	97.258	−0.150%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.054%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.400	−0.004%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.400	−0.004%	$104K	$240K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.250%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	−0.014%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.313	−0.093%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.953	+0.563%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.44	+4.144%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.400	−0.004%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.416	+0.012%	$679K	$4.2M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.394	−0.010%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.426	+0.023%	$153.6M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.430	+0.027%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	−0.045%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0063%	1h	97.404	long leg	$82K	$208K	20x
KuCoin BZUSDTM	+0.0100%	4h	97.450	+0.047%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.350	−0.055%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0107%	1h	97.309	−0.097%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0224%	1h	97.470	+0.068%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0233% / S −0.0286%	1h	97.395	−0.009%	$126K	—	111x	as long as short