BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.040%

Price spread now: Coinbase International against tradeXYZ−0.227%50s7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.311% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.341%−$34 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.227%, 7d avg −0.187%

Together, before fees−0.207%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.040% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.187%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.030	0.0050	pay 0.0006% / 1h	52m 21s	$152.0M	$125.6M	20x
Short	Coinbase International BRENTOIL-PERP-INTX	96.810	−0.0104	pay 0.0013% / 1h	52m 21s	$234K	$425K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee Coinbase InternationalbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$32.34
Price spread: −0.227% → −0.187%: −$3.96
Slippage, 4 orders: −$3.06
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.36
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Coinbase International: live order book, 11 min ago.

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 tradeXYZ live order book, 8 min ago	0.05 bp	9.1 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Coinbase International live order book, 11 min ago	0.52 bp	5.5 bp −$6	8.1 bp −$81	doesn't fit	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.848%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0104%	1h	96.810	−0.227%	$234K	$425K	15x
Aster BZUSDT	0.0000%	4h	96.966	−0.066%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.010%	$146.6M	$375.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	−0.010%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.030	0.000%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.963	−0.069%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.920	−0.113%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.052%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.050	+0.021%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.939	−0.094%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.949	−0.084%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.880	−0.155%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	−0.062%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.930	−0.103%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.950	−0.082%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.547	+0.533%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.922	−0.111%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	−0.062%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.973	−0.059%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.05	+4.143%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.970	−0.062%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.030	long leg	$152.0M	$125.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.084	+0.056%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.134%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.010%	$3.8M	$877K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	−0.082%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0064%	1h	96.955	−0.077%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0203%	1h	96.932	−0.101%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.989	−0.042%	$84K	$218K	20x	as long as short