Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.019%
Price spread now: Lighter against Vest−3.996%7-day average −3.252% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −3.996%, 7d avg −3.252%
=Together, before fees+0.111%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.744% cheaper against Vest than usual: you would sell low and buy high (spread −3.996% now, against its 7-day average of −3.252%). If the spread goes back, that is −$74 on $10k: about 4 months of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.059% in total) that is about 45 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BZ-PERP | 101.34 | 0.0008 | pay 0.0001% / 1h | 33m 06s | — | $735K | 10x |
| Short | Lighter BRENTOIL | 97.290 | 0.0032 | get 0.0004% / 1h | 33m 06s | $3.3M | $4.0M | 20x |
Vest BZ-PERP
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.96
- Price spread: −3.996% → −3.252%
- −$74.4
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.44
- Costs to cover
- 0.020%
- Break-even
- 107.9 days
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 4 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 Lighter live order book, 4 min ago | 1.03 bp | 2.0 bp −$2 | 2.2 bp −$22 | 11.9 bp −$1,185 | 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 | 96.605 | −4.672% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.160 | −4.125% | $236K | $412K | 15x | as long as short |
| BloFin BZ-USDT | −0.0005% | 4h | 97.280 | −4.006% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.314 | −3.973% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.318 | −3.969% | $149.3M | $352.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.290 | −3.996% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.310 | −3.977% | $16.1M | $19.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.207 | −4.078% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.270 | −4.016% | $9.2M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.320 | −3.967% | $27.8M | $18.3M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.286 | −4.000% | $9.5M | $6.5M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.219 | −4.067% | $18K | $330K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.280 | −4.006% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.280 | −4.006% | $100K | $254K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.140 | −4.144% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.570 | −3.720% | $1.2M | $86K | 100x | as long as short |
| Vest BZ-PERPlong | +0.0008% | 1h | 101.34 | long leg | — | $735K | 10x | |
| edgeX BZUSDC | +0.0011% | 4h | 97.311 | −3.975% | $224K | $228K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.823 | −3.470% | — | — | — | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0016% | 1h | 97.250 | −4.036% | $34K | — | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0028% | 1h | 97.130 | −4.154% | $3.1M | $996K | 15x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 97.290 | −3.996% | $3.3M | $4.0M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.278 | −4.009% | $738K | $3.1M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.207 | −4.079% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.298 | −3.989% | $155.2M | $114.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.310 | −3.977% | $1.6M | $405K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0091% | 1h | 97.308 | −3.979% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.280 | −4.006% | $3.8M | $801K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.160 | −4.125% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.289 | −3.998% | $82K | $200K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.275 | −4.011% | $115K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Hotstuff BRENTOIL-PERP
Ondo Perps BRENT-USD.P
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]