BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.041%

Price spread now: tradeXYZ against Vest−4.046%7-day average −3.144% · you buy dearer than you sell

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

Long on Vest Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.306%+$31 · spread now −4.046%, 7d avg −3.144%

Together, before fees+0.399%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.903% cheaper against Vest than usual: you would sell low and buy high, −$90 on $10k if it goes back to its 7-day average of −3.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	100.36	0.0046	pay 0.0006% / 1h	46m 10s	—	$735K	10x
Short	tradeXYZ xyz:BRENTOIL	96.299	0.0050	get 0.0006% / 1h	46m 10s	$151.1M	$143.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −4.046%Rate

Funding earned: $0.91
Price spread: −4.046% → −3.144%: −$90.27
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$109.37
Costs to cover: 0.200%
Break-even: 850.9 days

Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 13 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 tradeXYZ live order book, 13 min ago	0.05 bp	9.9 bp −$10	10.6 bp −$106	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 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.265	−4.080%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−4.833%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−4.275%	$232K	$483K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.252	−4.094%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.270	−4.075%	$145.6M	$435.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.270	−4.075%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.270	−4.075%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.260	−4.085%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.230	−4.115%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.270	−4.075%	$27.6M	$20.1M	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	96.240	−4.105%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.251	−4.094%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.280	−4.065%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.290	−4.055%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.210	−4.135%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	−3.986%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.205	−4.140%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.812	−3.535%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.289	−4.057%	$83K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.300	−4.045%	$33K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0029%	1h	96.210	−4.135%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.280	−4.065%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.288	−4.058%	$744K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	96.270	−4.075%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0044%	4h	96.280	−4.065%	$1.5M	$95K	50x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	100.36	long leg	—	$735K	10x
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.299	−4.046%	$151.1M	$143.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.326	−4.020%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.320	−4.026%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.270	−4.075%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0546%	1h	96.226	−4.119%	$6K	$44K	5x	as long as short