BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against Vest−3.763%46s7-day average −3.278% · you buy dearer than you sell

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

Long on Vest Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now −3.763%, 7d avg −3.278%

Together, before fees−0.086%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.485% cheaper against Vest than usual: you would sell low and buy high (spread −3.763% now, against its 7-day average of −3.278%). If the spread goes back, that is −$48 on $10k: about 4 months of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.059% in total) that is about 30 days. The two prices were read 46 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	Vest BZ-PERP	98.060	0.0017	pay 0.0002% / 1h	53m 40s	—	$736K	10x
Short	Lighter BRENTOIL	94.370	0.0032	get 0.0004% / 1h	53m 40s	$3.4M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Vest. 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 VestbpFee LighterbpOrdersPrice spread, now −3.763%Rate

Funding earned: $3.09
Price spread: −3.763% → −3.278%: −$48.48
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.39
Costs to cover: 0.020%
Break-even: 114.3 days

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 8 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	0.53 bp	0.8 bp −$1	2.3 bp −$23	11.1 bp −$1,110	doesn't fit

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 exchanges

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
RISEx BZ/USDC	−0.0384%	1h	94.333	−3.801%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.384	−3.749%	$107K	$274K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0280%	1h	94.370	−3.763%	$29K	$385K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−3.987%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0058%	8h	94.380	−3.753%	$10.4M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0022%	4h	94.360	−3.773%	$145.6M	$465.8M	100x	as long as short
edgeX BZUSDC	−0.0015%	4h	94.347	−3.787%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.243	−3.893%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAP	−0.0002%	4h	94.370	−3.763%	$15.8M	$28.6M	50x	as long as short
BloFin BZ-USDT	−0.0001%	4h	94.400	−3.732%	$1.5M	$123K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.450	−3.681%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.320	−3.814%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.390	−3.743%	$27.4M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	−3.855%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.430	−3.702%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.340	−3.794%	$242K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.400	−3.732%	$1.2M	$93K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	94.222	−3.913%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.899	−3.223%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0017%	1h	98.060	long leg	—	$736K	10x
Lighter BRENTOILshort	+0.0032%	1h	94.370	−3.763%	$3.4M	$5.6M	20x
Extended XBR-USD	+0.0032%	1h	94.385	−3.747%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−3.288%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	94.378	−3.755%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.430	−3.702%	$139.8M	$183.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.381	−3.752%	$1.5M	$505K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.400	−3.732%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.360	−3.773%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.290	−3.845%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0166% / S −0.0429%	1h	94.385	−3.748%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0200%	1h	94.470	−3.661%	$33K	—	20x	as long as short