BZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexBZUSDT	95.281	−0.0472	get 0.0059% / 1h	46m 18s	$464K	$419K	20x	Long Popdex
SHORT	Coinbase InternationalBRENTOIL-PERP-INTX	95.620	+0.0072	get 0.0009% / 1h	46m 18s	$198K	$1.6M	15x	Short Coinbase International

Price gap+0.356%

Funding gap+0.0544% /8h

Both sides work: funding pays +$16 a day on $10k, and the gap is 0.361% above its 7d average: +$36 more if it goes back.

Funding on this pair cost 0.305% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$31+0.0544% /8h now · paid −0.305% over the last 6 days (all we have)

Price+$36spread +0.356% now, avg −0.005% → +0.361% if it goes back

Costs−$260.256% of $10k · taker + slippage, in and out

Result−$20−0.20%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Coinbase International price against Popdexnow

RANGE STATS · 7D

Now+0.356%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BZ on 30 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

OK: Fits both order books4.8 / 6.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $667
Popdex 20x, Coinbase International 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$16.32Long Popdex: 24 payments, +$14.16; short Coinbase International: 24 payments, +$2.16.
OK: Entry gap works for you+0.356% vs −0.005%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$198K vs $464K OI
Coinbase International sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Coinbase International Yes
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0183%/8h × 21 periods−$38.47

Price spread+0.356% → −0.005% (7d avg)+$36.06

Slippage, 4 orderslive order books−$9.15

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$10.00

Net · 7 days · $10k−$27.96

Costs to cover0.256%Break-evenfrom the start

Slippage: Popdex: live order book, 12 min ago; Coinbase International: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.204.8 bp−$57.2 bp−$72doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International1.586.9 bp−$79.6 bp−$96doesn’t fitdoesn’t fit

Closing costs about the same again.

BZ news

posts that mention BZ or Brent crude, from every exchangeSearch all news →

09-29 11:00	gTrade (Gains Network)	Listing	BRENT/USD no longer reported ($BZ) seen by our collector
09-23 02:03	SoDEX	Listing	📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗
09-17 10:29	Deribit	Listing	🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗
09-16 15:02	Deribit	Listing	🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗

BZ