BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.022%

Price spread now: Coinbase International against Bybit−0.125%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.321% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.125%, 7d avg −0.111%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.190	0	get 0.0000% / 8h	38m 15s	$10.4M	$16.0M	100x
Short	Coinbase International BRENTOIL-PERP-INTX	96.070	−0.0040	pay 0.0005% / 1h	38m 15s	$232K	$578K	15x

Funding history

latest

Range statsloading…

Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.125%Rate

Slippage from Bybit: live order book, just now; Coinbase International: live order book, 40 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, just now	0.52 bp	9.3 bp −$9	17.4 bp −$174	105.9 bp −$10.6K	doesn't fit
Sell Coinbase International live order book, 40 min ago	1.56 bp	6.6 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.175	−0.016%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0400%	1h	96.180	−0.010%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0269%	1h	96.230	+0.042%	$103K	$278K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.854%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0058%	1h	96.243	+0.055%	$150.2M	$143.8M	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.130	−0.062%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0040%	1h	96.070	−0.125%	$232K	$578K	15x
RISEx BZ/USDC	−0.0020%	1h	96.154	−0.037%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−0.116%	$34K	$375K	25x	as long as short
Binance BZUSDT	−0.0011%	4h	96.205	+0.015%	$146.0M	$466.8M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0010%	4h	96.063	−0.132%	$220K	$232K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	−0.072%	$334K	$1.4M	50x	as long as short
Bybit BZUSDTlong	0.0000%	8h	96.190	long leg	$10.4M	$16.0M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	96.180	−0.010%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.150	−0.042%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.180	−0.010%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−0.132%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	+0.021%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.160	−0.031%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	0.000%	$1.2M	$96K	100x	as long as short
Paradex BZ-USD-PERP	+0.0013%	8h	96.141	−0.051%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0037%	1h	96.168	−0.022%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0040%	1h	96.150	−0.042%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.127%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.207	+0.018%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0055%	1h	96.130	−0.062%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.120	−0.073%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.150	−0.042%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.227	+0.039%	$81K	$234K	20x	as long as short
Extended XBR-USD	+0.0168%	1h	96.023	−0.174%	$671K	$5.2M	10x	as long as short