BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Extended against tradeXYZ−0.006%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.006%, 7d avg −0.037%

Together, before fees−0.118%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.031% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.112% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.394	0.0050	pay 0.0006% / 1h	43m 23s	$153.6M	$126.3M	20x
Short	Extended XBR-USD	97.388	0.0032	get 0.0004% / 1h	43m 23s	$677K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$3.78
Price spread: −0.006% → −0.037%: $3.12
Slippage, 4 orders: −$2.79
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.45
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Extended: live order book, 5 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, 7 min ago	0.10 bp	9.5 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.41 bp	2.9 bp −$3	12.2 bp −$122	doesn't fit	doesn't fit

BZ on 31 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	96.333	−1.089%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.127%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.387	−0.008%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.352	−0.043%	$147.5M	$368.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.360	−0.035%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.360	−0.035%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.388	−0.007%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.390	−0.004%	$34K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.330	−0.066%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.400	+0.006%	$27.9M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.348	−0.047%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.370	−0.025%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	−0.014%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	−0.025%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.076%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	−0.004%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	−0.019%	$223K	$228K	20x	as long as short
BloFin BZ-USDT	+0.0010%	4h	97.350	−0.045%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.913	+0.533%	—	—	—	as long as short
Vest BZ-PERP	+0.0030%	1h	101.44	+4.154%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.400	+0.006%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.388	−0.006%	$677K	$4.2M	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.392	−0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.394	long leg	$153.6M	$126.3M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.436	+0.043%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.350	−0.045%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.390	−0.004%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.460	+0.068%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−0.035%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.343	−0.053%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0236% / S −0.0309%	1h	97.355	−0.040%	$126K	—	111x	as long as short