BZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexBZUSDT	98.305	−0.0088	get 0.0011% / 1h	27m 45s	$466K	$442K	20x	Long Popdex
SHORT	Kraken FuturesPF_BRENTOILUSD	98.282	−0.0072	pay 0.0009% / 1h	27m 45s	$199K	$68K	20x	Short Kraken Futures

Price gap−0.023%

Funding gap+0.0016% /8h

Funding pays $0 a day on $10k, but the gap is 0.028% under its 7d average: −$3 if it goes back, about 5.8 days of funding.

Funding on this pair cost 0.585% 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−$58+0.0016% /8h now · paid −0.585% over the last 7D

Price−$3spread −0.023% now, avg +0.005% → −0.028% if it goes back

Costs−$300.304% of $10k · taker + slippage, in and out

Result−$92−0.92%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest · Kraken Futures: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.023%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BZ on 31 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

OK: Fits both order books4.8 / 11.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
Popdex 20x, Kraken Futures 20x. 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: +$0.48Long Popdex: 24 payments, +$2.64; short Kraken Futures: 24 payments, −$2.16.
Watch: Gap narrower than usual−0.023% vs +0.005%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$199K vs $466K OI
Kraken Futures sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0305%/8h × 21 periods−$63.96

Price spread−0.023% → +0.005% (7d avg)−$2.79

Slippage, 4 orderslive order books−$14.01

Fee Popdex bp × 2 orders−$6.40

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$97.16

Costs to cover0.304%Break-evennever at this rate

Slippage: Popdex: live order book, 65 min ago; Kraken Futures: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.224.8 bp−$58.0 bp−$80doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures4.1211.6 bp−$1265.8 bp−$658doesn’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 ↗
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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