BZ

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowBZ-USDC	109.48	−0.0112	get 0.0014% / 1h	55m 31s	$407K	$652K	20x	Long TxFlow5% off
SHORT	PhemexXBRUSDT	110.07	0	0.0000% / 4h	55m 31s	$2.1M	$41K	100x	Short Phemex

Price gap+0.539%

Funding gap+0.0112% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.420% above its 7d average: +$42 more if it goes back.

If you open now and hold

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

Funding+$23+0.0112% /8h now · paid +0.229% over the last 7D

Price+$42spread +0.539% now, avg +0.119% → +0.420% if it goes back

Costs−$1731.734% of $10k · taker + slippage, in and out

Result−$108−1.08%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.539%

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 35 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size5.0 / 105.6 bp
At $10k entering Phemex costs 105.6 bp, fee and slippage, 21.3× TxFlow’s.
Note: Margin at max leverage$500 + $100
TxFlow 20x, Phemex 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$3.37Long TxFlow: 24 payments, +$3.37; short Phemex: 6 payments, $0.00.
OK: Entry gap works for you+0.539% vs +0.119%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$407K vs $2.1M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCTxFlow No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0109%/8h × 21 periods+$22.93

Price spread+0.539% → +0.119% (7d avg)+$42.03

Slippage, 4 orderslive order books−$152.36

Fee TxFlow bp × 2 orders−$9.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$108.40

Costs to cover1.734%Break-even40.1 days

Slippage: TxFlow: live order book, 17 min ago; Phemex: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow0.465.0 bp−$59.4 bp−$94doesn’t fitdoesn’t fit

SELL · SHORTPhemex0.45105.6 bp−$106197.3 bp−$1,973doesn’t fitdoesn’t fit

Closing costs about the same again.

BZ news

posts that mention BZ or Brent crude, from every exchangeSearch all news →

10-22 15:08	BingX	Other	When commodities make headlines, depth matters 📊 Trade GOLD, WTI, BRENT, and SILVER perpetuals with deeper order books on #BingXTradFi. Up to 5.1x the depth vs No.2 (GOLD-USDT, 100 bps). See the breakdown 👇 @BingXOfficial on X ↗
10-19 17:22	Kalshi	Other	BREAKING: Brent crude surges above $110, its highest since May 19 @Kalshi on X ↗
10-17 09:31	Kalshi	Other	JUST IN: Brent crude hits $110 a barrel for the first time since May @Kalshi on X ↗
10-16 16:42	Bullet	Listing	By popular demand, BRENTOIL perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
10-16 10:58	Bullet	Listing	new market BRENTOIL-USD ($BZ) seen by our collector
10-12 17:13	Aster	Listing	new market BZUSD1 ($BZ) seen by our collector

BZ