BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: tradeXYZ against Lighter+0.012%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.012%, 7d avg +0.016%

Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	97.030	0.0032	pay 0.0004% / 1h	23m 33s	$3.3M	$4.7M	20x
Short	tradeXYZ xyz:BRENTOIL	97.042	0.0050	get 0.0006% / 1h	23m 33s	$152.0M	$125.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter. 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 LighterbpFee tradeXYZbpOrdersPrice spread, now +0.012%Rate

Funding earned: $3.78
Price spread: +0.012% → +0.016%: −$0.38
Slippage, 4 orders: −$3.31
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.9
Costs to cover: 0.213%
Break-even: 40.2 days

Slippage from Lighter: live order book, 4 min ago; tradeXYZ: live order book, 5 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 Lighter live order book, 4 min ago	1.03 bp	1.0 bp −$1	1.8 bp −$18	5.7 bp −$571	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.21 bp	9.6 bp −$10	10.1 bp −$101	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	96.164	−0.893%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.134%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.022	−0.008%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.010%	$146.9M	$373.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.041%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.031%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.001	−0.029%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.960	−0.072%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.010%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.955	−0.077%	$9.3M	$7.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.959	−0.073%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.103%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.082%	$103K	$244K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.165%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.103%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.479	+0.463%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.958	−0.075%	$222K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0024%	4h	96.980	−0.052%	$1.5M	$86K	50x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	97.030	long leg	$3.3M	$4.7M	20x
Extended XBR-USD	+0.0032%	1h	97.028	−0.002%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0042%	1h	101.05	+4.143%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.013	−0.018%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.042	+0.012%	$152.0M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.067	+0.038%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.103%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.010%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.980	−0.052%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.040	+0.010%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0162%	1h	96.951	−0.081%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0040%	1h	96.935	−0.098%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.940	−0.093%	$83K	$218K	20x	as long as short