BZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	SoDEXBRENTOIL-USD	97.230	+0.0100	pay 0.0013% / 1h	45m 25s	$406K	$228K	20x	Long SoDEX
SHORT	DeribitBRENTOIL_USDC-PERPETUAL	97.200	−0.0367	pay 0.0046% / 1h	45m 25s	$581K	$9.7M	15x	Short Deribit

Price gap−0.031%

Funding gap−0.0467% /8h

Funding costs $14 a day on $10k at the current rate. Swap the legs.

If you open now and hold

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

Funding−$36−0.0467% /8h now · paid −0.361% over the last 7D

Price−$2spread −0.031% now, avg −0.012% → −0.018% if it goes back

Costs−$570.575% of $10k · taker + slippage, in and out

Result−$95−0.95%no points

Price and funding

1h · history

Entry / Exit

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−0.031%

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 36 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size27.7 / 4.9 bp
At $10k entering SoDEX costs 27.7 bp, fee and slippage, 5.7× Deribit’s.
Note: Margin at max leverage$500 + $667
SoDEX 20x, Deribit 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: −$14.01Long SoDEX: 24 payments, −$3.00; short Deribit: 24 payments, −$11.01.
Note: Gap at its usual level−0.031% vs −0.012%
The price leg adds little either way.
Watch: Long leg is thinner$406K vs $581K OI
SoDEX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCSoDEX No · Deribit Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0172%/8h × 21 periods−$36.12

Price spread−0.031% → −0.012% (7d avg)−$1.85

Slippage, 4 orderslive order books−$42.48

Fee SoDEX bp × 2 orders−$8.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k−$95.44

Costs to cover0.575%Break-evennever at this rate

Slippage: SoDEX: live order book, 36 min ago; Deribit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGSoDEX4.1127.7 bp−$28doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTDeribit0.514.9 bp−$56.9 bp−$69doesn’t fitdoesn’t fit

Closing costs about the same again.

BZ news

posts that mention BZ or Brent crude, from every exchange

11-05 06:14	SoDEX	Other	🇺🇸 US MIDTERMS: Democrats have flipped Congress. What does the political shake-up mean for your portfolio? 👀 🛢️ OIL — BEARISH 📉 Pressure to end the US-Iran war is mounting. Brent crude plunged 8.7% below $95 as ceasefire expectations rose. Further de-escalation could push oil prices lower. ₿ CRYPTO — REGULATORY HEADWINDS ⚠️ Democratic control of Congress could delay the CLARITY Act, reducing the likelihood of near-term passage and prolonging regulatory uncertainty for crypto markets. 🤖 AI & TECH — A DIVIDED OUTLOOK 🔴 Emerging Cloud Providers: Tighter data center oversight could delay construction, increase costs and slow AI infrastructure expansion. 🟢 Big Tech: Established hyperscalers like $MSFT, $GOOGLE and $AMZN may benefit from existing infrastructure, stronger financing capacity and regulatory advantages. ⚡ The Bigger Picture: Slower data center development could mean lower AI CapEx growth, putting pressure on chipmakers and newer cloud companies. 📊 OTHER SECTORS TO WATCH 🟢 Healthcare & clean energy — Potential policy tailwinds 🔴 $TSLA & $SPCX — Greater regulatory scrutiny 🔴 Defense — Potential pressure from de-escalation 🇨🇳 China assets — Reduced tariff uncertainty, but potentially tougher congressional scrutiny. 🔥 YOUR TRADE, YOUR CALL! 👇 Which sector are you most bullish or bearish on after the midterms? 📸 Share your positions or market predictions in the comments! @sodex_official on X ↗
11-02 13:24	Markets by Kinetiq	Other	Trade $WTIOIL and $BRENTOIL 24/7 @Markets_xyz on X ↗
11-02 13:24	Markets by Kinetiq	Other	JUST IN: Iran offers to reopen the Strait of Hormuz and resume nuclear talks within 48 hours if the U.S. meets its demands. $WTIOIL drops 3%, falling below $100/barrel, while $BRENTOIL also falls 3%. @Markets_xyz on X ↗
10-30 11:41	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 8 points are LIVE! 🚀 SoDEX Open Interest Hits $312M! Thank you to our growing trading community! 🧡 ⚡ Week 9 Bonus: Trade ZEC-USD, NEAR-USD, BRENTOIL-USD,KORU-USD,MCD-USD,NKE-USD,CRWV-USD,CRWD-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-29 19:15	QFEX	Other	Brent Crude Oil is now trading 24/7 @QFEX on X ↗
10-29 16:26	QFEX	Listing	new market BRENT-USD ($BZ) seen by our collector

BZ