BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter against tradeXYZ−0.019%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.019%, 7d avg −0.017%

Together, before fees−0.060%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	96.238	0.0050	pay 0.0006% / 1h	13m 47s	$151.0M	$144.1M	20x
Short	Lighter BRENTOIL	96.220	0.0280	get 0.0035% / 1h	13m 47s	$3.3M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $48.3
Price spread: −0.019% → −0.017%: −$0.2
Slippage, 4 orders: −$3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: $27.1
Costs to cover: 0.210%
Break-even: 3.1 days

Slippage from tradeXYZ: live order book, 6 min ago; Lighter: live order book, 4 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, 6 min ago	0.05 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.04 bp	1.0 bp −$1	1.2 bp −$12	7.0 bp −$705	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.175	−0.065%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.783%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	96.250	+0.012%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.220	−0.019%	$103K	$275K	15x	as long as short
BloFin BZ-USDT	−0.0050%	4h	96.190	−0.050%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.175%	$232K	$551K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.195	−0.045%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.029%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.196	−0.043%	$145.8M	$452.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	−0.029%	$10.5M	$16.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.050%	$15.8M	$26.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.150	−0.091%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.180	−0.060%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.059%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.206	−0.033%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.200	−0.039%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.120	−0.123%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	−0.050%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.183	−0.058%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0029%	8h	96.199	−0.040%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.830	+3.732%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.238	long leg	$151.0M	$144.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.261	+0.024%	$1.5M	$525K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0081%	1h	96.270	+0.033%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.143%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.210	−0.029%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.236	−0.002%	$83K	$234K	20x	as long as short
Lighter BRENTOILshort	+0.0280%	1h	96.220	−0.019%	$3.3M	$4.3M	20x
Ondo Perps BRENT-USD.P	+0.0405%	1h	96.180	−0.060%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0568%	1h	96.131	−0.112%	$675K	$5.2M	10x	as long as short