BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h +0.047%

Price spread now: RISEx against Lighter−0.013%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$90.091% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.190%+$19 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.013%, 7d avg +0.059%

Together, before fees+0.359%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.072% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.190%, 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	Lighter BRENTOIL	96.070	0.0032	pay 0.0004% / 1h	42m 14s	$3.3M	$4.3M	20x
Short	RISEx BZ/USDC	96.058	−0.0020	pay 0.0003% / 1h	42m 14s	$2.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Lighter. 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 LighterbpFee RISExbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$10.96
Price spread: −0.013% → +0.059%: −$7.16
Slippage, 4 orders: −$3.12
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$27.24
Costs to cover: 0.091%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; RISEx: 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 Lighter live order book, 5 min ago	0.52 bp	0.5 bp −$1	0.7 bp −$7	7.7 bp −$774	doesn't fit
Sell RISEx live order book, 2 min ago	1.04 bp	4.0 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit

BZ on 30 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	96.075	+0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.730%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0154%	1h	96.115	+0.047%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	−0.010%	$232K	$577K	15x	as long as short
RISEx BZ/USDCshort	−0.0020%	1h	96.058	−0.013%	$2.2M	$1.3M	20x
Binance BZUSDT	−0.0013%	4h	96.080	+0.010%	$145.8M	$468.6M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	96.000	−0.073%	$34K	$375K	25x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.052%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.070	0.000%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	−0.021%	$15.9M	$26.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.120	+0.052%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.030	−0.042%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.080	+0.010%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.111%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.090	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.100	+0.031%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.042%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.080	+0.010%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.086%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0010%	8h	96.072	+0.002%	$3K	$521	5x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	96.070	long leg	$3.3M	$4.3M	20x
Aftermath Perps BRENTUSD	+0.0032%	1h	96.102	+0.033%	$6K	$45K	5x	as long as short
BloFin BZ-USDT	+0.0037%	4h	96.040	−0.031%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.780	+3.862%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.130	+0.062%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.070	0.000%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.070	0.000%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.062%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.111	+0.043%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.010	−0.062%	$671K	$5.2M	10x	as long as short