BZ

Alert

Funding spread now, next payment 16:00 UTC+0.0059%/8h

next payment, per $10,000+$0.07paid, last 24h+0.028%paid, last 17 hours+0.481%to open and closeno order book

Long on Coinbase International Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	95.480	−0.0048	get 0.0006% / 1h	11m 50s	$266K	$713K	15x
Short	gTrade (Gains Network) BRENT/USD	96.025	L +0.0011% / S −0.0011%	get 0.0001% / 1h	11m 50s	—	—	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $12.42
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$7.58
Break-even: 11.3 days

Slippage unknown: Coinbase International: live order book, 33 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.571%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 33 min ago	4.20 bp	9.2 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	$9K	$4K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0216%	1h	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0215%	1h	$80K	$339K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0065%	1h	$102K	$275K	15x	as long as short
Aftermath Perps BRENTUSD	−0.0056%	1h	$6K	$49K	5x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0048%	1h	$266K	$713K	15x
RISEx BZ/USDC	−0.0024%	1h	$2.1M	$1.0M	20x	as long as short
Aster BZUSDT	0.0000%	4h	$340K	$1.6M	50x	as long as short
Binance BZUSDT	0.0000%	4h	$144.9M	$449.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.4M	$16.3M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	$15.8M	$31.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.1M	$18.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$27.6M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.5M	$12.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$281K	$140K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	$218K	$237K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	—	—	—
GMX BRENTOIL/USD [ETH-USDC]	L +0.0021% / S +0.0062%	1h	$40K	—	111x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$667K	$5.2M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0040%	1h	$3.0M	$1.0M	15x	as long as short
Paradex BZ-USD-PERP	+0.0041%	8h	$3K	$282	5x	as long as short
BloFin BZ-USDT	+0.0045%	4h	$1.5M	$79K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	—	$593K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$134.5M	$135.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.5M	$573K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$927K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short