BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against gTrade (Gains Network)−0.545%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.545% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.545% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.823	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	33m 04s	—	—	—
Short	Lighter BRENTOIL	97.290	0.0032	get 0.0004% / 1h	33m 04s	$3.3M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now −0.545%Rate

Funding earned: $4.32
Price spread: −0.545% → 0.000%: −$54.52
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$60.19
Costs to cover: 0.100%
Break-even: 104.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.03 bp	2.0 bp −$2	2.2 bp −$22	11.9 bp −$1,185	doesn't fit

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 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	96.605	−1.245%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.678%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	−0.555%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.285	−0.550%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.270	−0.565%	$149.2M	$353.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.280	−0.555%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.260	−0.576%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	−0.630%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.270	−0.566%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.260	−0.576%	$27.8M	$18.3M	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	97.286	−0.549%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	−0.618%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	−0.555%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	−0.555%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.699%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.570	−0.259%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+3.595%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	−0.523%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.823	long leg	—	—	—
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	−0.586%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	97.130	−0.709%	$3.1M	$996K	15x	as long as short
Lighter BRENTOILshort	+0.0032%	1h	97.290	−0.545%	$3.3M	$4.0M	20x
Extended XBR-USD	+0.0032%	1h	97.258	−0.578%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.207	−0.630%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.298	−0.537%	$155.2M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	−0.525%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	−0.527%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.280	−0.555%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.160	−0.678%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	−0.546%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	−0.561%	$115K	—	111x	as long as short