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: tradeXYZ against Vest−3.947%7-day average −3.170% · you buy dearer than you sell

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

Long on Vest Short on tradeXYZ

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)+0.112%+$11 · spread now −3.947%, 7d avg −3.170%

Together, before fees+0.206%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.776% cheaper against Vest than usual: you would sell low and buy high (spread −3.947% now, against its 7-day average of −3.170%). If the spread goes back, that is −$78 on $10k: about 7 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.094% in total) that is about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.25	0.0038	pay 0.0005% / 1h	59m 48s	—	$735K	10x
Short	tradeXYZ xyz:BRENTOIL	97.254	0.0050	get 0.0006% / 1h	59m 48s	$152.4M	$125.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 tradeXYZbpOrdersPrice spread, now −3.947%Rate

Funding earned: $2.44
Price spread: −3.947% → −3.170%: −$77.64
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$95.2
Costs to cover: 0.200%
Break-even: 280.6 days

Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.21 bp	9.6 bp −$10	10.2 bp −$102	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	96.141	−5.046%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−4.207%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	97.160	−4.040%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.233	−3.968%	$338K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.246	−3.955%	$147.1M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.220	−3.980%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.240	−3.960%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.180	−4.020%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.180	−4.020%	$9.2M	$12.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.240	−3.960%	$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	−4.074%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.162	−4.038%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.250	−3.951%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.240	−3.960%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.130	−4.069%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.240	−3.960%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−4.107%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.767	−3.440%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.240	−3.960%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.240	−3.960%	$675K	$4.6M	10x	as long as short
Vest BZ-PERPlong	+0.0038%	1h	101.25	long leg	—	$735K	10x
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.200	−4.000%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.175	−4.024%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	97.254	−3.947%	$152.4M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.280	−3.921%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.060	−4.138%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	−3.941%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−4.069%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0113%	1h	97.125	−4.074%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0019%	1h	97.225	−3.975%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.229	−3.971%	$84K	$218K	20x	as long as short