BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h +0.039%

Price spread now: tradeXYZ against Coinbase International+0.421%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.421%, 7d avg +0.178%

Together, before fees+0.067%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.243% dearer against Coinbase International than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	93.840	−0.0080	get 0.0010% / 1h	41m 50s	$245K	$1.0M	15x
Short	tradeXYZ xyz:BRENTOIL	94.235	0.0050	get 0.0006% / 1h	41m 50s	$134.9M	$189.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.421%Rate

Funding earned: $27.3
Price spread: +0.421% → +0.178%: $24.31
Slippage, 4 orders: −$11.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $12.43
Costs to cover: 0.392%
Break-even: 3.8 days

Slippage from Coinbase International: live order book, 5 min ago; tradeXYZ: live order book, 11 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, 5 min ago	4.78 bp	9.8 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.69 bp	9.7 bp −$10	10.4 bp −$104	doesn't fit	doesn't fit

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	94.060	+0.234%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0493%	1h	94.080	+0.256%	$34K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.089	+0.266%	$100K	$271K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.024	+0.196%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+1.061%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0088%	8h	94.260	+0.448%	$10.7M	$17.0M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0080%	1h	93.840	long leg	$245K	$1.0M	15x
GRVT BZ_USDT_Perp	−0.0078%	4h	93.835	−0.005%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0037%	4h	94.290	+0.480%	$145.3M	$470.2M	100x	as long as short
edgeX BZUSDC	−0.0028%	4h	94.137	+0.316%	$216K	$232K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.263	+0.451%	$324K	$804K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.290	+0.480%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.170	+0.352%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.230	+0.416%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.961	+0.129%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.060	+0.234%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.180	+0.362%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	+0.512%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.676	+0.891%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.770	+4.188%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0026%	1h	94.156	+0.336%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERP	+0.0028%	8h	94.029	+0.202%	$2K	$2K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.210	+0.394%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.217	+0.401%	$760K	$3.8M	10x	as long as short
BloFin BZ-USDT	+0.0047%	4h	94.050	+0.224%	$1.5M	$113K	50x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	94.235	+0.421%	$134.9M	$189.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.084	+0.260%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.050	+0.224%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.170	+0.352%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	+0.352%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.165	+0.346%	$32K	—	111x	as long as short