BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against tradeXYZ−0.010%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.010%, 7d avg −0.016%

Together, before fees−0.064%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, 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	tradeXYZ xyz:BRENTOIL	96.940	0.0050	pay 0.0006% / 1h	13m 17s	$151.8M	$127.9M	20x
Short	Lighter BRENTOIL	96.930	0.0032	get 0.0004% / 1h	13m 17s	$3.3M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$3.78
Price spread: −0.010% → −0.016%: $0.59
Slippage, 4 orders: −$2.52
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.71
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Lighter: 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, 7 min ago	0.36 bp	9.8 bp −$10	10.6 bp −$106	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.52 bp	0.5 bp −$1	0.8 bp −$8	7.9 bp −$792	doesn't fit

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	95.978	−0.992%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.134%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.950	+0.010%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.921	−0.020%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	−0.010%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.920	−0.021%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.930	−0.010%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.916	−0.024%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−0.062%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−0.010%	$27.5M	$16.3M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.927	−0.013%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.956	+0.016%	$37K	$354K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.940	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	+0.031%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.010%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.945	+0.005%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.461	+0.538%	—	—	—	as long as short
Lighter BRENTOILshort	+0.0032%	1h	96.930	−0.010%	$3.3M	$4.5M	20x
Extended XBR-USD	+0.0032%	1h	96.933	−0.007%	$677K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.00	+4.188%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.920	−0.021%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.940	long leg	$151.8M	$127.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.979	+0.040%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.021%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.000	+0.062%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.000	+0.062%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0081%	1h	96.915	−0.026%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0228%	1h	96.960	+0.021%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.941	+0.001%	$83K	$218K	20x	as long as short