Funding you earn now, next payment 03:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex+0.001%7-day average — · you sell dearer than you buy
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 airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | Paradex BZ-USD-PERP | 96.949 | 0.0049 | pay 0.0049% / 8h | 5h 48m | $3K | $336 | 5x |
| Short | Lighter BRENTOIL | 96.950 | 0.0032 | get 0.0004% / 1h | 48m 36s | $3.3M | $4.5M | 20x |
Paradex BZ-USD-PERP
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$3.63
- Price spread: +0.001% → 0.000%
- $0.09
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.54
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 9 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 9 min ago | 0.52 bp | 0.5 bp −$1 | 0.5 bp −$5 | 5.9 bp −$591 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.207 | −0.765% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | −0.144% | $234K | $425K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0040% | 1h | 96.970 | +0.022% | $33K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.947 | −0.003% | $337K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.950 | +0.001% | $146.5M | $375.2M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.950 | +0.001% | $10.3M | $13.4M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.960 | +0.011% | $15.9M | $20.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 96.949 | 0.000% | $2.3M | $1.3M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.910 | −0.040% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.950 | +0.001% | $27.4M | $16.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.006 | +0.059% | $9.4M | $7.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.011 | +0.064% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.970 | +0.022% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.960 | +0.011% | $103K | $239K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.990 | +0.042% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.950 | +0.001% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.492 | +0.560% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 96.887 | −0.064% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 96.950 | +0.001% | $3.3M | $4.5M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 96.963 | +0.015% | $676K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 101.00 | +4.178% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERPlong | +0.0049% | 8h | 96.949 | long leg | $3K | $336 | 5x | |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.973 | +0.025% | $151.9M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.015 | +0.068% | $1.5M | $446K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.870 | −0.082% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.010 | +0.063% | $3.8M | $875K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.970 | +0.022% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0181% / S +0.0061% | 1h | 96.945 | −0.004% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0197% | 1h | 97.000 | +0.052% | $7K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 96.977 | +0.029% | $84K | $218K | 20x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Extended XBR-USD
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD