BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter against RISEx+0.014%54s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$80.079% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.186%−$19 on $10k

Price spread, last 7 days−0.179%−$18 · spread now +0.014%, 7d avg −0.056%

Together, before fees−0.366%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.070% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 4 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.026	0	get 0.0000% / 1h	10m 46s	$2.2M	$1.4M	20x
Short	Lighter BRENTOIL	97.040	0.0032	get 0.0004% / 1h	10m 46s	$3.2M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $6.72
Price spread: +0.014% → −0.056%: $6.98
Slippage, 4 orders: −$1.86
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.84
Costs to cover: 0.079%
Break-even: 0.9 days

Slippage from RISEx: live order book, 3 min ago; Lighter: live order book, 7 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 RISEx live order book, 3 min ago	0.41 bp	3.4 bp −$3	5.3 bp −$53	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.51 bp	0.5 bp −$1	0.6 bp −$6	7.3 bp −$728	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	96.433	−0.611%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.220%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−0.017%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.063	+0.038%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.025	−0.002%	$147.0M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−0.017%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.020	−0.007%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.026	long leg	$2.2M	$1.4M	20x
Gate BZ_USDT	0.0000%	8h	96.980	−0.048%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.007%	$27.7M	$16.5M	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	97.017	−0.010%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.117%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	+0.035%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−0.007%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.017%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.272%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.115%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	+0.567%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.178%	—	$735K	10x	as long as short
Lighter BRENTOILshort	+0.0032%	1h	97.040	+0.014%	$3.2M	$4.8M	20x
Extended XBR-USD	+0.0032%	1h	97.032	+0.006%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.049	+0.023%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.054	+0.029%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	+0.065%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.048%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	+0.066%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	+0.045%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.148%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	+0.096%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	+0.035%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	−0.001%	$126K	—	111x	as long as short