BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Vest against Lighter+4.133%7-day average +3.217% · you sell dearer than you buy

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +4.133%, 7d avg +3.217%

Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.917% dearer against Lighter than usual: you sell high and buy low, +$92 on $10k if it goes back to its 7-day average of +3.217%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	97.500	0.0032	pay 0.0004% / 1h	40m 05s	$3.2M	$4.7M	20x
Short	Vest BZ-PERP	101.53	0.0029	get 0.0004% / 1h	40m 05s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee VestbpOrdersPrice spread, now +4.133%Rate

Funding earned: −$0.59
Price spread: +4.133% → +3.217%: $91.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $89.09
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter: live order book, 8 min ago; Vest: 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, 8 min ago	1.03 bp	1.0 bp −$1	1.0 bp −$10	7.4 bp −$745	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	96.333	−1.197%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.236%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.488	−0.013%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	0.000%	$147.7M	$367.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.490	−0.010%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	0.000%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.480	−0.021%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.470	−0.031%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	−0.010%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.458	−0.043%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.370	−0.133%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.010%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.185%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	+0.010%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.440	−0.062%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.053	+0.567%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.366	−0.137%	$223K	$226K	20x	as long as short
Vest BZ-PERPshort	+0.0029%	1h	101.53	+4.133%	—	$735K	10x
Lighter BRENTOILlong	+0.0032%	1h	97.500	long leg	$3.2M	$4.7M	20x
Extended XBR-USD	+0.0032%	1h	97.514	+0.015%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.489	−0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.530	+0.031%	$153.9M	$126.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.529	+0.030%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−0.062%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.502	+0.002%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.510	+0.010%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	+0.051%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.133%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.393	−0.110%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0239% / S −0.0325%	1h	97.495	−0.005%	$127K	—	111x	as long as short