BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h −0.047%

Price spread now: Vest against Kraken Futures+4.228%47s7-day average +3.102% · you sell dearer than you buy

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

Long on Kraken Futures Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.345%+$34 on $10k

Price spread, last 3 days (all we have)−0.504%−$50 · spread now +4.228%, 7d avg +3.102%

Together, before fees−0.160%+ Points / potential airdropVest: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 1.125% dearer against Kraken Futures than usual: you sell high and buy low: +$113 more if the spread goes back to its 7-day average of +3.102%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	96.750	0.0020	pay 0.0002% / 1h	59m 35s	$83K	$220K	20x
Short	Vest BZ-PERP	100.84	0.0046	get 0.0006% / 1h	59m 35s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Kraken Futures. 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 Kraken FuturesbpFee VestbpOrdersPrice spread, now +4.228%Rate

Funding earned: $5.46
Price spread: +4.228% → +3.102%: $112.54
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $105.99
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 8 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 Kraken Futures live order book, 8 min ago	3.72 bp	12.3 bp −$12	20.8 bp −$208	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	95.731	−1.053%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.103%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	−0.082%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.719	−0.032%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.805	+0.057%	$146.0M	$401.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.790	+0.042%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.810	+0.062%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	+0.007%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.720	−0.031%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.840	+0.093%	$27.7M	$17.1M	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	96.668	−0.084%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.660	−0.093%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	−0.020%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.051%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	−0.031%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+0.529%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.053%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0020%	1h	96.750	long leg	$83K	$220K	20x
Lighter BRENTOIL	+0.0032%	1h	96.740	−0.010%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.754	+0.004%	$718K	$5.3M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.84	+4.228%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.047%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.859	+0.113%	$151.9M	$138.1M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.062%	$3.1M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0066%	1h	96.885	+0.140%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.750	0.000%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.010%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.730	−0.020%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	−0.014%	$7K	$44K	5x	as long as short