Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Extended−0.101%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.101%, 7d avg −0.121%
=Together, before fees−0.342%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.021% dearer against Extended than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −0.121%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XBR-USD | 97.628 | 0.0032 | pay 0.0004% / 1h | 24m 29s | $680K | $3.7M | 10x |
| Short | Coinbase International BRENTOIL-PERP-INTX | 97.530 | −0.0096 | pay 0.0012% / 1h | 24m 29s | $235K | $434K | 15x |
Extended XBR-USD
Coinbase International BRENTOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.88
- Price spread: −0.101% → −0.121%
- $2.07
- Slippage, 4 orders
- −$6.97
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$46.79
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 24 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 Extended live order book, 4 min ago | 1.69 bp | 5.3 bp −$5 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 24 min ago | 1.03 bp | 6.0 bp −$6 | 8.2 bp −$82 | 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 | 96.783 | −0.866% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTXshort | −0.0096% | 1h | 97.530 | −0.101% | $235K | $434K | 15x | |
| Aster BZUSDT | 0.0000% | 4h | 97.655 | +0.027% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.641 | +0.012% | $147.8M | $361.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.630 | +0.002% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.640 | +0.012% | $16.1M | $20.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.621 | −0.008% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.610 | −0.019% | $9.3M | $11.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.640 | +0.012% | $28.0M | $16.5M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.619 | −0.010% | $9.4M | $7.0M | — | as long as short |
Injective BRENT/USDC PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.601 | −0.028% | $34K | $309K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.700 | +0.073% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.680 | +0.053% | $101K | $250K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.590 | −0.039% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.680 | +0.053% | $1.2M | $83K | 100x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.704 | +0.078% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.231 | +0.618% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0012% | 4h | 97.644 | +0.016% | $225K | $227K | 20x | as long as short |
| BloFin BZ-USDT | +0.0012% | 4h | 97.660 | +0.032% | $1.5M | $97K | 50x | as long as short |
| Vest BZ-PERP | +0.0017% | 1h | 101.70 | +4.171% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.640 | +0.012% | $3.2M | $4.6M | 20x | as long as short |
| Extended XBR-USDlong | +0.0032% | 1h | 97.628 | long leg | $680K | $3.7M | 10x | |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.627 | −0.002% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.673 | +0.046% | $154.3M | $123.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.672 | +0.045% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | +0.012% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0060% | 1h | 97.611 | −0.018% | $7K | $42K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0072% | 1h | 97.650 | +0.022% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.690 | +0.063% | $3.8M | $834K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.620 | −0.009% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0319% / S −0.2554% | 1h | 97.685 | +0.058% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
BloFin BZ-USDT
Vest BZ-PERP
Lighter BRENTOIL
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]