BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.035%

Price spread now: Vest against tradeXYZ+4.113%7-day average +3.170% · you sell dearer than you buy

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

Long on tradeXYZ Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +4.113%, 7d avg +3.170%

Together, before fees−0.372%+ Points / potential airdroptradeXYZ: Active · Vest: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.943% dearer against tradeXYZ than usual: you sell high and buy low (spread +4.113% now, against its 7-day average of +3.170%): +$94 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 3 days (−0.094% in total) that is about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.250	0.0050	pay 0.0006% / 1h	59m 40s	$152.4M	$125.1M	20x
Short	Vest BZ-PERP	101.25	0.0038	get 0.0005% / 1h	59m 40s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against tradeXYZ. 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 tradeXYZbpFee VestbpOrdersPrice spread, now +4.113%Rate

Funding earned: −$2.44
Price spread: +4.113% → +3.170%: $94.28
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Vest: 1 bp × 2 orders: −$2
Net: $71.85
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.21 bp	9.3 bp −$9	11.2 bp −$112	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	96.141	−1.140%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.267%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	97.160	−0.093%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.233	−0.017%	$338K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.253	+0.003%	$147.1M	$372.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.230	−0.021%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−0.010%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.236	−0.014%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.180	−0.072%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.240	−0.010%	$27.5M	$16.4M	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	97.125	−0.128%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.162	−0.091%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.240	−0.010%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.130	−0.123%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.240	−0.010%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.163%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	+0.532%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.240	−0.010%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.247	−0.003%	$675K	$4.6M	10x	as long as short
Vest BZ-PERPshort	+0.0038%	1h	101.25	+4.113%	—	$735K	10x
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.200	−0.051%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.238	−0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.250	long leg	$152.4M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.280	+0.031%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.190	−0.062%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	+0.010%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.123%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0113%	1h	97.125	−0.129%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0019%	1h	97.225	−0.026%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.229	−0.022%	$84K	$218K	20x	as long as short