BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%

Price spread now: Lighter against Vest−3.739%7-day average −3.278% · you buy dearer than you sell

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

Long on Vest Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now −3.739%, 7d avg −3.278%

Together, before fees−0.111%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.461% cheaper against Vest than usual: you would sell low and buy high (spread −3.739% now, against its 7-day average of −3.278%). If the spread goes back, that is −$46 on $10k: about 4 months of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.059% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	97.360	0.0018	pay 0.0002% / 1h	5m 44s	—	$736K	10x
Short	Lighter BRENTOIL	93.720	0.0032	get 0.0004% / 1h	5m 44s	$3.4M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −3.739%Rate

Funding earned: $2.97
Price spread: −3.739% → −3.278%: −$46.05
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.08
Costs to cover: 0.020%
Break-even: 113.1 days

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 5 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 Lighter live order book, 5 min ago	0.53 bp	2.5 bp −$2	2.8 bp −$28	11.6 bp −$1,155	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 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	93.830	−3.626%	$32K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0344%	1h	93.713	−3.746%	$105K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.720	−3.739%	$2.2M	$2.6M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	−2.592%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0177%	1h	93.710	−3.749%	$29K	$389K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−3.297%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−3.687%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0049%	8h	93.760	−3.698%	$10.6M	$16.9M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	−3.390%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0017%	4h	93.773	−3.684%	$144.0M	$466.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	−3.472%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.780	−3.677%	$321K	$636K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.750	−3.708%	$15.7M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.720	−3.739%	$8.7M	$13.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.770	−3.687%	$27.2M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.191	−3.255%	$8.9M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.780	−3.677%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.700	−3.759%	$240K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.080	−3.369%	$1.2M	$91K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.238	−3.207%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0013%	1h	93.967	−3.485%	$7K	$37K	5x	as long as short
Vest BZ-PERPlong	+0.0018%	1h	97.360	long leg	—	$736K	10x
Lighter BRENTOILshort	+0.0032%	1h	93.720	−3.739%	$3.4M	$5.7M	20x
Extended XBR-USD	+0.0032%	1h	93.748	−3.709%	$751K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.765	−3.692%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.780	−3.677%	$137.8M	$183.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.740	−3.718%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.720	−3.739%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.730	−3.728%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.910	−3.544%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	93.705	−3.754%	$22K	—	111x	as long as short