Funding you earn now, next payment 00:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h +0.005%
Price spread now: Paradex against Lighter−0.032%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Paradex is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 96.220 | 0.0272 | pay 0.0034% / 1h | 13m 19s | $3.3M | $4.3M | 20x |
| Short | Paradex BZ-USD-PERP | 96.189 | 0.0029 | get 0.0029% / 8h | 13m 19s | $3K | $521 | 5x |
Lighter BRENTOIL
Paradex BZ-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. 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
- −$50.94
- Price spread: −0.032% → 0.000%
- −$3.23
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$58.17
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Paradex: no order-book sample. 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 Lighter live order book, 4 min ago | 1.04 bp | 1.0 bp −$1 | 1.7 bp −$17 | 7.7 bp −$775 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 30 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | L −0.0848% / S +0.0467% | 1h | 96.195 | −0.026% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.484 | −0.765% | $8K | $7K | 30x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0072% | 1h | 96.240 | +0.021% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.070 | −0.156% | $232K | $534K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.189 | −0.033% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.206 | −0.015% | $334K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.200 | −0.021% | $145.8M | $452.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.210 | −0.010% | $10.5M | $16.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.190 | −0.031% | $15.8M | $26.5M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.150 | −0.073% | $9.2M | $16.4M | 100x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.180 | −0.042% | $27.6M | $20.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.181 | −0.040% | $9.3M | $7.7M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.206 | −0.014% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.220 | 0.000% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.230 | +0.010% | $103K | $275K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.120 | −0.104% | $306K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.200 | −0.021% | $1.2M | $94K | 100x | as long as short |
| edgeX BZUSDC | +0.0012% | 4h | 96.186 | −0.035% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERPshort | +0.0029% | 8h | 96.189 | −0.032% | $3K | $521 | 5x | |
| BloFin BZ-USDT | +0.0039% | 4h | 96.160 | −0.062% | $1.5M | $96K | 50x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.880 | +3.804% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.241 | +0.022% | $151.1M | $144.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.262 | +0.044% | $1.5M | $525K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 96.270 | +0.052% | $6K | $44K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.100 | −0.125% | $3.8M | $988K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.210 | −0.010% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.246 | +0.027% | $83K | $234K | 20x | as long as short |
| Lighter BRENTOILlong | +0.0272% | 1h | 96.220 | long leg | $3.3M | $4.3M | 20x | |
| Ondo Perps BRENT-USD.P | +0.0405% | 1h | 96.160 | −0.062% | $3.1M | $1.1M | 15x | as long as short |
| Extended XBR-USD | +0.0560% | 1h | 96.132 | −0.091% | $675K | $5.2M | 10x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
BloFin BZ-USDT
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Ondo Perps BRENT-USD.P
Extended XBR-USD