Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | Paradex BZ-USD-PERP | 97.103 | 0.0050 | pay 0.0050% / 8h | 16m 07s | $2K | $1K | 5x |
| Short | Lighter BRENTOIL | 97.120 | 0.0032 | get 0.0004% / 1h | 16m 07s | $3.3M | $4.0M | 20x |
Paradex BZ-USD-PERP
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$3.74
- Price spread: +0.018% → 0.000%
- $1.79
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.96
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 6 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.51 bp | 0.5 bp −$1 | 0.9 bp −$9 | 5.9 bp −$591 | doesn't fit |
Paradex: 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 | 96.342 | −0.783% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0162% | 1h | 97.110 | +0.008% | $100K | $256K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.110 | +0.008% | $236K | $416K | 15x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0003% | 1h | 97.030 | −0.075% | $3.1M | $995K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.157 | +0.056% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.114 | +0.012% | $148.2M | $351.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.120 | +0.018% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.130 | +0.028% | $16.0M | $19.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.091 | −0.012% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.110 | +0.008% | $9.2M | $11.1M | 100x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
Ondo Perps BRENT-USD.P
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.140 | +0.038% | $27.8M | $18.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.058 | −0.046% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.088 | −0.015% | $18K | $331K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.140 | +0.038% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.000 | −0.106% | $278K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.560 | +0.471% | $1.2M | $86K | 100x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.15 | +4.168% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.683 | +0.598% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0016% | 4h | 97.047 | −0.057% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 97.120 | +0.018% | $3.3M | $4.0M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.133 | +0.031% | $735K | $3.0M | 10x | as long as short |
| BloFin BZ-USDT | +0.0042% | 4h | 96.990 | −0.116% | $1.5M | $98K | 50x | as long as short |
| Paradex BZ-USD-PERPlong | +0.0050% | 8h | 97.103 | long leg | $2K | $1K | 5x | |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.146 | +0.045% | $155.1M | $115.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.146 | +0.045% | $1.6M | $405K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0092% | 1h | 97.099 | −0.004% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.110 | +0.008% | $3.8M | $803K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.090 | −0.013% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.135 | +0.033% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0224% | 1h | 97.140 | +0.038% | $33K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.115 | +0.013% | $115K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Extended XBR-USD
BloFin BZ-USDT
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]