BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against Lighter+0.009%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.009%, 7d avg +0.016%

Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, 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	97.860	0.0032	pay 0.0004% / 1h	37m 51s	$3.3M	$4.0M	20x
Short	tradeXYZ xyz:BRENTOIL	97.869	0.0050	get 0.0006% / 1h	37m 51s	$155.2M	$115.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.009%Rate

Funding earned: $3.78
Price spread: +0.009% → +0.016%: −$0.65
Slippage, 4 orders: −$3.35
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.22
Costs to cover: 0.213%
Break-even: 40.7 days

Slippage from Lighter: live order book, 5 min ago; tradeXYZ: live order book, 12 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	0.51 bp	1.5 bp −$2	1.7 bp −$17	11.4 bp −$1,140	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.41 bp	9.7 bp −$10	10.7 bp −$107	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	96.817	−1.066%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.337%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0056%	1h	97.840	−0.020%	$100K	$251K	15x	as long as short
BloFin BZ-USDT	−0.0018%	4h	97.820	−0.041%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.889	+0.030%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.884	+0.025%	$147.9M	$351.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.850	−0.010%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.860	0.000%	$16.1M	$19.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.817	−0.044%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.870	+0.010%	$34K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.840	−0.020%	$9.3M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.880	+0.020%	$28.0M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.768	−0.094%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.774	−0.088%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.870	+0.010%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.830	−0.031%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.990	+0.133%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0011%	1h	101.99	+4.220%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.424	+0.576%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	97.734	−0.128%	$225K	$227K	20x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	97.860	long leg	$3.3M	$4.0M	20x
Extended XBR-USD	+0.0032%	1h	97.882	+0.022%	$682K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.845	−0.016%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.869	+0.009%	$155.2M	$115.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.893	+0.034%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.800	−0.061%	$3.1M	$997K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.814	−0.047%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.880	+0.020%	$3.9M	$823K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.810	−0.051%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.873	+0.013%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.845	−0.015%	$116K	—	111x	as long as short