BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.012%

Price spread now: Kraken Futures against Extended+0.020%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.930%−$93 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.020%, 7d avg −0.003%

Together, before fees−1.043%+ Points / potential airdropExtended: Active · farm board−$104 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.930%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.028	0.0032	pay 0.0004% / 1h	51m 03s	$677K	$4.9M	10x
Short	Kraken Futures PF_BRENTOILUSD	97.048	0.0298	get 0.0037% / 1h	51m 03s	$84K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: $55.88
Price spread: +0.020% → −0.003%: $2.34
Slippage, 4 orders: −$26.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $16.63
Costs to cover: 0.416%
Break-even: 4.9 days

Slippage from Extended: live order book, 3 min ago; Kraken Futures: live order book, 11 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, 3 min ago	1.19 bp	4.8 bp −$5	15.0 bp −$150	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 11 min ago	3.20 bp	16.1 bp −$16	34.1 bp −$341	doesn't fit	doesn't fit

BZ on 30 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	96.207	−0.846%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.225%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.035	+0.008%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.030	+0.002%	$146.7M	$375.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.000	−0.029%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−0.018%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.041	+0.014%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.049%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.008%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	−0.022%	$9.4M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.921	−0.110%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.033%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.040	+0.012%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	−0.039%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.030	+0.002%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.569	+0.558%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.887	−0.145%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.020	−0.008%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.028	long leg	$677K	$4.9M	10x
Vest BZ-PERP	+0.0046%	1h	101.09	+4.187%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.030	+0.002%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.046	+0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.040	+0.012%	$152.0M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.104	+0.078%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.049%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.090	+0.064%	$3.8M	$876K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.970	−0.060%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0062%	1h	97.025	−0.003%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0198%	1h	96.948	−0.083%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0298%	1h	97.048	+0.020%	$84K	$218K	20x