BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.005%

Price spread now: Vest against Deribit+4.124%7-day average +3.177% · you sell dearer than you buy

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

Long on Deribit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.312%+$31 on $10k

Price spread, last 4 days (all we have)−0.578%−$58 · spread now +4.124%, 7d avg +3.177%

Together, before fees−0.266%+ Points / potential airdropVest: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Vest is 0.947% dearer against Deribit than usual: you sell high and buy low: +$95 more if the spread goes back to its 7-day average of +3.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.470	−0.0160	get 0.0020% / 1h	6m 39s	$100K	$256K	15x
Short	Vest BZ-PERP	101.49	0.0010	get 0.0001% / 1h	6m 39s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Deribit. 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 DeribitbpFee VestbpOrdersPrice spread, now +4.124%Rate

Funding earned: $35.68
Price spread: +4.124% → +3.177%: $94.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: $121.37
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Deribit: live order book, 32 min ago; Vest: no order-book sample. 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 Deribit live order book, 32 min ago	0.51 bp	8.1 bp −$8	9.6 bp −$96	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.157%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0160%	1h	97.470	long leg	$100K	$256K	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.010%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0014%	1h	97.370	−0.103%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.467	−0.003%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.430	−0.041%	$148.4M	$351.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.420	−0.051%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.400	−0.072%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.411	−0.060%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.390	−0.082%	$9.2M	$11.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.450	−0.021%	$27.9M	$18.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.183	−0.295%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.290%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.450	−0.021%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	−0.041%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	0.000%	$1.2M	$86K	100x	as long as short
Vest BZ-PERPshort	+0.0010%	1h	101.49	+4.124%	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.017	+0.561%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.166	−0.312%	$223K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.440	−0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.470	0.000%	$738K	$2.9M	10x	as long as short
BloFin BZ-USDT	+0.0048%	4h	97.430	−0.041%	$1.5M	$99K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.447	−0.023%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.445	−0.026%	$155.6M	$115.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.480	+0.010%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0080%	1h	97.286	−0.189%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	−0.051%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.246%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.466	−0.004%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0176%	1h	97.480	+0.010%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.475	+0.005%	$116K	—	111x	as long as short