BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter−0.042%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.294% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 7 days−0.035%−$4 · spread now −0.042%, 7d avg −0.060%

Together, before fees−0.360%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, 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	Lighter BRENTOIL	95.940	0.0032	pay 0.0004% / 1h	29m 09s	$3.3M	$4.2M	20x
Short	Gate BZ_USDT	95.900	0	get 0.0000% / 8h	1h 29m	$9.2M	$18.0M	100x

Funding history

latest

Range statsloading…

Gate against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee GatebpOrdersPrice spread, now −0.042%Rate

Slippage from Lighter: live order book, 3 min ago; Gate: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 3 min ago	0.52 bp	0.5 bp −$1	0.8 bp −$8	9.1 bp −$913	doesn't fit
Sell Gate live order book, 5 min ago	1.57 bp	15.3 bp −$15	23.3 bp −$233	31.6 bp −$3,165	44.4 bp −$22.2K

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	95.945	+0.005%	$120K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0228%	1h	95.930	−0.010%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.890%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.938	−0.002%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0022%	4h	95.930	−0.010%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.115%	$232K	$647K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.939	−0.001%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.947	+0.007%	$145.6M	$479.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.930	−0.010%	$10.2M	$16.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.940	0.000%	$15.8M	$27.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDTshort	0.0000%	8h	95.900	−0.042%	$9.2M	$18.0M	100x
Bitget BZUSDT	0.0000%	4h	95.940	0.000%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.028%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.925	−0.015%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.960	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.950	+0.010%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.860	−0.083%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.031%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	95.924	−0.017%	$220K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0003%	1h	95.923	−0.017%	$5K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0006%	8h	95.951	+0.011%	$3K	$521	5x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	95.940	long leg	$3.3M	$4.2M	20x
Extended XBR-USD	+0.0032%	1h	95.905	−0.037%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.34	+4.586%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.975	+0.036%	$147.6M	$146.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.998	+0.060%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.970	+0.031%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.920	−0.021%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	95.980	+0.042%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	95.970	+0.032%	$81K	$240K	20x	as long as short