BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Coinbase International+0.073%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.073%, 7d avg +0.121%

Together, before fees+0.440%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.121%). If the spread goes back, that is −$5 on $10k: about 28 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	96.900	−0.0104	get 0.0013% / 1h	28m 28s	$233K	$431K	15x
Short	Extended XBR-USD	96.971	0.0032	get 0.0004% / 1h	28m 28s	$676K	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now +0.073%Rate

Funding earned: $28.56
Price spread: +0.073% → +0.121%: −$4.83
Slippage, 4 orders: −$5.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $3.53
Costs to cover: 0.202%
Break-even: 6.1 days

Slippage from Coinbase International: live order book, 35 min ago; Extended: live order book, 5 min ago.

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 Coinbase International live order book, 35 min ago	0.52 bp	6.6 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.98 bp	4.0 bp −$4	16.3 bp −$163	doesn't fit	doesn't fit

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	96.164	−0.760%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0104%	1h	96.900	long leg	$233K	$431K	15x
BloFin BZ-USDT	−0.0004%	4h	96.900	0.000%	$1.5M	$86K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.957	+0.058%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.960	+0.062%	$146.8M	$373.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	+0.031%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.940	+0.041%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.959	+0.061%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.920	+0.021%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.950	+0.052%	$27.4M	$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	96.885	−0.015%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.880	−0.021%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.920	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	+0.031%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.031%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	+0.031%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.038%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.473	+0.592%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.072%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	96.971	+0.073%	$676K	$4.8M	10x
Vest BZ-PERP	+0.0043%	1h	101.02	+4.252%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.965	+0.067%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.983	+0.086%	$152.0M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.014	+0.118%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	0.000%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.000	+0.103%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	0.000%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	97.000	+0.103%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0166%	1h	96.911	+0.011%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0044%	1h	96.935	+0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.958	+0.060%	$84K	$218K	20x	as long as short