BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Vest against Lighter+4.163%7-day average +3.205% · you sell dearer than you buy

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +4.163%, 7d avg +3.205%

Together, before fees−0.349%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.958% dearer against Lighter than usual: you sell high and buy low, +$96 on $10k if it goes back to its 7-day average of +3.205%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	97.040	0.0032	pay 0.0004% / 1h	11m 17s	$3.2M	$4.8M	20x
Short	Vest BZ-PERP	101.08	0.0031	get 0.0004% / 1h	11m 17s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Lighter. 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 LighterbpFee VestbpOrdersPrice spread, now +4.163%Rate

Funding earned: −$0.18
Price spread: +4.163% → +3.205%: $95.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $93.66
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.51 bp	0.5 bp −$1	1.9 bp −$19	7.5 bp −$751	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	96.433	−0.626%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.206%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.031%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.077	+0.038%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.027	−0.013%	$147.0M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.020	−0.021%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.020	−0.021%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.026	−0.014%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.062%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.021%	$27.7M	$16.5M	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	97.168	+0.132%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.103%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−0.021%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.031%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.258%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.101%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	+0.553%	—	—	—	as long as short
Vest BZ-PERPshort	+0.0031%	1h	101.08	+4.163%	—	$735K	10x
Lighter BRENTOILlong	+0.0032%	1h	97.040	long leg	$3.2M	$4.8M	20x
Extended XBR-USD	+0.0032%	1h	97.026	−0.014%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.049	+0.009%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.058	+0.019%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.050%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.062%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.052%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.080	+0.041%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.134%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.082%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	+0.021%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	−0.015%	$126K	—	111x	as long as short