Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.021%
Price spread now: Vest against Lighter+4.191%7-day average +3.239% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.426%−$43 · spread now +4.191%, 7d avg +3.239%
=Together, before fees−0.485%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.952% dearer against Lighter than usual: you sell high and buy low (spread +4.191% now, against its 7-day average of +3.239%): +$95 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 3 days (−0.058% in total) that is about 57 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 97.820 | 0.0032 | pay 0.0004% / 1h | 45m 32s | $3.3M | $4.0M | 20x |
| Short | Vest BZ-PERP | 101.92 | 0.0012 | get 0.0001% / 1h | 45m 32s | — | $735K | 10x |
Lighter BRENTOIL
Vest BZ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.25
- Price spread: +4.191% → +3.239%
- $95.22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $88.97
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 7 min ago; Vest: no order-book sample. 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 Lighter live order book, 7 min ago | 0.51 bp | 0.5 bp −$1 | 0.6 bp −$6 | 6.8 bp −$685 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.817 | −1.025% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.296% | $235K | $416K | 15x | as long as short |
| BloFin BZ-USDT | −0.0055% | 4h | 97.780 | −0.041% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.850 | +0.031% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.845 | +0.025% | $147.8M | $353.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.800 | −0.020% | $10.1M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.820 | 0.000% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.791 | −0.029% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.770 | −0.051% | $9.3M | $10.9M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.850 | +0.031% | $28.1M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.738 | −0.084% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.800 | −0.020% | $27K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.770 | −0.051% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.750 | −0.072% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.800 | −0.020% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.750 | −0.072% | $1.2M | $80K | 100x | as long as short |
| edgeX BZUSDC | +0.0010% | 4h | 97.792 | −0.029% | $225K | $229K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.387 | +0.580% | — | — | — | as long as short |
| Vest BZ-PERPshort | +0.0012% | 1h | 101.92 | +4.191% | — | $735K | 10x | |
| Lighter BRENTOILlong | +0.0032% | 1h | 97.820 | long leg | $3.3M | $4.0M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.834 | +0.015% | $678K | $3.4M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.819 | −0.001% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.856 | +0.037% | $155.0M | $119.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.874 | +0.055% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.760 | −0.061% | $3.1M | $999K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0082% | 1h | 97.798 | −0.023% | $7K | $41K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0096% | 1h | 97.790 | −0.031% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.850 | +0.031% | $3.9M | $827K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.780 | −0.041% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.765 | −0.057% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.835 | +0.015% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]