BZ

Alert

Funding spread now, next payment 17:00 UTC+0.0008%/8h

next payment, per $10,000+$0.01paid, last 24h−0.005%paid, last 7 days+0.052%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	95.310	0.0032	pay 0.0004% / 1h	11m 33s	$3.2M	$4.1M	20x
Short	Ondo Perps BRENT-USD.P	95.280	0.0040	get 0.0005% / 1h	11m 33s	$3.0M	$1.0M	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Ondo PerpsbpOrdersRate

Funding earned: $1.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.32
Break-even: 20.8 days

Slippage unknown: Lighter: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.031%
Avg gap 7d: −0.091%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 2 min ago	0.52 bp	0.5 bp −$1	0.7 bp −$7	14.2 bp −$1,422	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	$9K	$4K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0216%	1h	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0215%	1h	$80K	$339K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0065%	1h	$102K	$275K	15x	as long as short
Aftermath Perps BRENTUSD	−0.0056%	1h	$6K	$49K	5x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0048%	1h	$266K	$713K	15x	as long as short
RISEx BZ/USDC	−0.0024%	1h	$2.1M	$1.0M	20x	as long as short
edgeX BZUSDC	−0.0001%	4h	$218K	$234K	20x	as long as short
Aster BZUSDT	0.0000%	4h	$340K	$1.6M	50x	as long as short
Binance BZUSDT	0.0000%	4h	$145.0M	$449.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	$10.4M	$16.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	$15.8M	$31.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.2M	$18.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$27.6M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.5M	$12.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$281K	$140K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	$1.2M	$92K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0021% / S +0.0062%	1h	$40K	—	111x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	$3.2M	$4.1M	20x
Extended XBR-USD	+0.0032%	1h	$667K	$5.2M	10x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0040%	1h	$3.0M	$1.0M	15x
Paradex BZ-USD-PERP	+0.0041%	8h	$3K	$282	5x	as long as short
BloFin BZ-USDT	+0.0045%	4h	$1.5M	$79K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	—	$593K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$134.5M	$135.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.5M	$548K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$927K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short