BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Extended against tradeXYZ−0.008%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.008%, 7d avg −0.037%

Together, before fees−0.102%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.029% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.112% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.789	0.0050	pay 0.0006% / 1h	24m 19s	$155.2M	$115.6M	20x
Short	Extended XBR-USD	97.781	0.0032	get 0.0004% / 1h	24m 19s	$682K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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 tradeXYZbpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$3.78
Price spread: −0.008% → −0.037%: $2.87
Slippage, 4 orders: −$5.55
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.46
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Extended: live order book, 4 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 tradeXYZ live order book, 6 min ago	0.05 bp	10.3 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.23 bp	4.6 bp −$5	14.8 bp −$148	doesn't fit	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	97.018	−0.788%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	+0.021%	$236K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.783	−0.006%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.780	−0.009%	$147.9M	$349.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.750	−0.040%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.770	−0.019%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.748	−0.042%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.730	−0.060%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.760	−0.030%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.748	−0.042%	$9.4M	$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	97.798	+0.009%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.790	+0.001%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.770	−0.019%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.730	−0.060%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	98.010	+0.226%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.760	−0.030%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.780	−0.009%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.90	+4.204%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.315	+0.537%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.780	−0.009%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	97.781	−0.008%	$682K	$3.3M	10x
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.790	+0.001%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.771	−0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.789	long leg	$155.2M	$115.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.808	+0.019%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.710	−0.081%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0086%	1h	97.776	−0.013%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.780	−0.009%	$3.8M	$808K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.790	+0.001%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.793	+0.004%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.765	−0.025%	$116K	—	111x	as long as short