BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%

Price spread now: tradeXYZ against Coinbase International+0.167%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.167%, 7d avg +0.187%

Together, before fees+0.323%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.167% now, against its 7-day average of +0.187%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.270	−0.0088	get 0.0011% / 1h	36m 47s	$233K	$439K	15x
Short	tradeXYZ xyz:BRENTOIL	97.432	0.0050	get 0.0006% / 1h	36m 47s	$153.8M	$126.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Coinbase InternationalbpFee tradeXYZbpOrdersPrice spread, now +0.167%Rate

Funding earned: $28.98
Price spread: +0.167% → +0.187%: −$2.07
Slippage, 4 orders: −$5.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.45
Costs to cover: 0.334%
Break-even: 8.6 days

Slippage from Coinbase International: live order book, 16 min ago; tradeXYZ: live order book, 3 min ago.

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, 16 min ago	1.54 bp	6.9 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.62 bp	10.2 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.628	−0.660%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0088%	1h	97.270	long leg	$233K	$439K	15x
BloFin BZ-USDT	−0.0002%	4h	97.400	+0.134%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.382	+0.115%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.390	+0.123%	$147.4M	$367.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	+0.123%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	+0.103%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.365	+0.098%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.350	+0.082%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.390	+0.123%	$28.0M	$16.6M	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	97.458	+0.193%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.490	+0.226%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.410	+0.144%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.390	+0.123%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.350	+0.082%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.430	+0.164%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.478	+0.214%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.948	+0.697%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.45	+4.297%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.390	+0.123%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.407	+0.141%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.382	+0.115%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.432	+0.167%	$153.8M	$126.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.425	+0.159%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	+0.093%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.412	+0.146%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.450	+0.185%	$3.8M	$860K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.440	+0.175%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.431	+0.166%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0242% / S −0.1092%	1h	97.395	+0.129%	$115K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	97.420	+0.154%	$34K	—	20x	as long as short