Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.051%
Price spread now: Lighter against Phemex−0.062%7-day average −0.163% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.410%−$41 on $10k
+Price spread, last 3 days (all we have)−0.204%−$20 · spread now −0.062%, 7d avg −0.163%
=Together, before fees−0.615%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.100% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.163%. Mind the row above: over the last 7 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 96.100 | 0 | get 0.0000% / 4h | 1h 07m | $1.2M | $96K | 100x |
| Short | Lighter BRENTOIL | 96.040 | 0.0032 | get 0.0004% / 1h | 7m 10s | $3.3M | $4.3M | 20x |
Phemex XBRUSDT
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $6.72
- Price spread: −0.062% → −0.163%
- $10.05
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.77
- Costs to cover
- 0.120%
- Break-even
- 2.0 days
Slippage unknown: Phemex: live order book, 1 min ago; Lighter: live order book, 5 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 Phemex live order book, 1 min ago | 6.76 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.52 bp | 0.5 bp −$1 | 2.0 bp −$20 | 9.1 bp −$913 | 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 | 96.035 | −0.068% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.249 | −0.886% | $8K | $7K | 30x | as long as short |
| RISEx BZ/USDC | −0.0075% | 1h | 96.023 | −0.080% | $2.2M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0048% | 1h | 96.050 | −0.052% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0016% | 1h | 96.050 | −0.052% | $232K | $624K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.021 | −0.082% | $334K | $1.5M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.040 | −0.062% | $145.7M | $471.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.040 | −0.062% | $10.4M | $15.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.020 | −0.083% | $15.8M | $27.0M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.000 | −0.104% | $9.2M | $18.0M | 100x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.030 | −0.073% | $27.4M | $21.1M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.032 | −0.071% | $9.2M | $8.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.009 | −0.095% | $34K | $388K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.050 | −0.052% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.070 | −0.031% | $103K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.990 | −0.114% | $305K | $253K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 96.100 | long leg | $1.2M | $96K | 100x | |
| Aftermath Perps BRENTUSD | +0.0013% | 1h | 96.061 | −0.041% | $6K | $45K | 5x | as long as short |
| edgeX BZUSDC | +0.0013% | 4h | 96.028 | −0.075% | $220K | $233K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0022% | 8h | 96.029 | −0.073% | $3K | $521 | 5x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 96.040 | −0.062% | $3.3M | $4.3M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 95.960 | −0.145% | $670K | $5.2M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.840 | +3.892% | — | $735K | 10x | as long as short |
| BloFin BZ-USDT | +0.0048% | 4h | 96.040 | −0.062% | $1.5M | $95K | 50x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.050 | −0.052% | $147.8M | $145.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.091 | −0.009% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.000 | −0.104% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.050 | −0.052% | $3.7M | $996K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.050 | −0.052% | $25K | $270K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0555% | 1h | 96.074 | −0.027% | $81K | $235K | 20x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Aftermath Perps BRENTUSD
edgeX BZUSDC
Paradex BZ-USD-PERP
Extended XBR-USD
Vest BZ-PERP
BloFin BZ-USDT
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD