BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Deribit against Vest−3.720%48s7-day average −3.192% · you buy dearer than you sell

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

Long on Vest Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −3.720%, 7d avg −3.192%

Together, before fees−0.427%+ Points / potential airdropVest: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.528% cheaper against Vest than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of −3.192%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	98.660	0.0018	pay 0.0002% / 1h	4m 31s	—	$735K	10x
Short	Deribit BRENTOIL_USDC-PERPETUAL	94.990	−0.0381	pay 0.0048% / 1h	4m 31s	$46K	$375K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −3.720%Rate

Funding earned: −$83.88
Price spread: −3.720% → −3.192%: −$52.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$145.66
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 47 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 Deribit live order book, 47 min ago	1.04 bp	4.5 bp −$5	5.8 bp −$58	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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.770	−3.943%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0381%	1h	94.990	−3.720%	$46K	$375K	15x
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.860	−3.852%	$93K	$249K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	94.924	−3.787%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.930	−3.781%	$291K	$720K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0058%	4h	95.080	−3.629%	$13K	$312K	25x	as long as short
Bybit BZUSDT	−0.0048%	8h	94.980	−3.730%	$10.3M	$15.3M	100x	as long as short
BloFin BZ-USDT	−0.0008%	4h	94.980	−3.730%	$1.5M	$110K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.019	−3.690%	$371K	$793K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.019	−3.690%	$147.3M	$445.7M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.000	−3.710%	$16.1M	$26.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.870	−3.841%	$9.1M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.010	−3.700%	$28.3M	$27.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.653	−4.062%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.830	−3.882%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.980	−3.730%	$272K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.060	−3.649%	$1.2M	$81K	100x	as long as short
Ondo Perps BRENT-USD.P	+0.0004%	1h	94.930	−3.781%	$3.0M	$1.1M	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.185	−3.522%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0018%	1h	98.660	long leg	—	$735K	10x
edgeX BZUSDC	+0.0018%	4h	95.059	−3.650%	$218K	$231K	20x	as long as short
Paradex BZ-USD-PERP	+0.0031%	8h	94.892	−3.819%	$1K	$2K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.890	−3.821%	$3.5M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.963	−3.748%	$669K	$3.5M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0033%	1h	95.099	−3.609%	$7K	$38K	5x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−3.876%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.821	−3.891%	$130.8M	$164.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.938	−3.773%	$1.6M	$394K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.890	−3.821%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.810	−3.902%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.055	−3.654%	$33K	—	111x	as long as short