BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0111%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.010%

Price spread now: Coinbase International against Vest−4.018%7-day average −3.263% · you buy dearer than you sell

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

Long on Vest Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −4.018%, 7d avg −3.263%

Together, before fees+0.002%+ Points / potential airdropVest: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.756% cheaper against Vest than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of −3.263%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.54	0.0023	pay 0.0003% / 1h	3m 25s	—	$735K	10x
Short	Coinbase International BRENTOIL-PERP-INTX	97.460	−0.0088	pay 0.0011% / 1h	3m 25s	$237K	$443K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Vest. 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 VestbpFee Coinbase InternationalbpOrdersPrice spread, now −4.018%Rate

Funding earned: −$23.25
Price spread: −4.018% → −3.263%: −$75.55
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$110.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 50 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 50 min ago	1.54 bp	6.5 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit

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	96.536	−4.928%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0088%	1h	97.460	−4.018%	$237K	$443K	15x
Aster BZUSDT	0.0000%	4h	97.491	−3.988%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	−3.979%	$147.5M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.500	−3.979%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	−3.979%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.478	−4.000%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−4.018%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.500	−3.979%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.468	−4.010%	$9.3M	$6.9M	—	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	97.481	−3.997%	$26K	$314K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	−3.959%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	−3.969%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.460	−4.018%	$280K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	−3.939%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.047	−3.440%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.472	−4.007%	$224K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.490	−3.989%	$1.5M	$97K	50x	as long as short
Vest BZ-PERPlong	+0.0023%	1h	101.54	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.490	−3.989%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.505	−3.974%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.492	−3.986%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.515	−3.964%	$153.8M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.526	−3.953%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−4.028%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.480	−3.998%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.510	−3.969%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.472	−4.006%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	−3.929%	$3.8M	$848K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.480	−3.998%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0278% / S −0.1844%	1h	97.495	−3.984%	$115K	—	111x	as long as short