BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.009%

Price spread now: RISEx against Vest−4.057%52s7-day average −3.253% · you buy dearer than you sell

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

Long on Vest Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −4.057%, 7d avg −3.253%

Together, before fees+0.475%+ Points / potential airdropVest: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and RISEx is 0.804% cheaper against Vest than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of −3.253%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.237%, so the current rate has only just turned against you. The two prices were read 52 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	101.65	0.0015	pay 0.0002% / 1h	7m 34s	—	$735K	10x
Short	RISEx BZ/USDC	97.526	0	get 0.0000% / 1h	7m 34s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 RISExbpOrdersPrice spread, now −4.057%Rate

Funding earned: −$3.07
Price spread: −4.057% → −3.253%: −$80.36
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$91.43
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	1.13 bp	4.1 bp −$4	5.5 bp −$55	doesn't fit	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 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	96.939	−4.635%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−4.053%	$235K	$426K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.640	−3.945%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.579	−4.005%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.566	−4.018%	$147.6M	$358.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.550	−4.033%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.550	−4.033%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.526	−4.057%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.520	−4.063%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.540	−4.043%	$27.7M	$17.3M	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	97.668	−3.917%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	−3.898%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	−3.935%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−3.965%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	−3.955%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−3.974%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.630	−3.954%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	−3.425%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0015%	1h	101.65	long leg	—	$735K	10x
edgeX BZUSDC	+0.0018%	4h	97.666	−3.919%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	−3.965%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−4.043%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.563	−4.021%	$681K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.546	−4.037%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.577	−4.007%	$154.3M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.641	−3.944%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.540	−4.043%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.632	−3.953%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.620	−3.965%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	−3.896%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	−3.960%	$116K	—	111x	as long as short