BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h +0.010%

Price spread now: Deribit against Vest−4.000%7-day average −3.114% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 3 days (all we have)+0.453%+$45 · spread now −4.000%, 7d avg −3.114%

Together, before fees+0.145%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.886% cheaper against Vest than usual: you would sell low and buy high (−$89 if the spread goes back to its 7-day average of −3.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.01	0.0046	pay 0.0006% / 1h	56m 21s	—	$735K	10x
Short	Deribit BRENTOIL_USDC-PERPETUAL	96.970	0	get 0.0000% / 1h	56m 21s	$103K	$237K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee DeribitbpOrdersPrice spread, now −4.000%Rate

Funding earned: −$9.59
Price spread: −4.000% → −3.114%: −$88.61
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$107.2
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 7 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Deribit live order book, 7 min ago	0.52 bp	9.1 bp −$9	9.7 bp −$97	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−4.755%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−4.158%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.979	−3.991%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.967	−4.003%	$146.6M	$376.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−4.019%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−4.010%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.972	−3.998%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−4.039%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.960	−4.010%	$27.4M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.848	−4.120%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.008	−3.962%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.980	−3.990%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	96.970	−4.000%	$103K	$237K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.930	−4.039%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	−3.960%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.501	−3.473%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	96.842	−4.126%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	−4.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.974	−3.996%	$677K	$4.9M	10x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	101.01	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.962	−4.007%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.975	−3.995%	$151.9M	$127.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.015	−3.955%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−4.069%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	−3.950%	$3.8M	$878K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.980	−3.990%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.990	−3.980%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0211% / S +0.0067%	1h	96.965	−4.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	96.935	−4.035%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.004	−3.966%	$84K	$218K	20x	as long as short