BP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateBP_USDT	1.0345	+0.0100	pay 0.0050% / 4h	51m 22s	$388K	$14K	10x	Long Gate
SHORT	PhoenixBP	0.9954	+0.0322	get 0.0040% / 1h	51m 22s	$159K	$6K	5x	Short Phoenix

Price gap−3.780%

Funding gap+0.0222% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 1.994% above its 7d average: +$199 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$5+0.0222% /8h now · paid +0.050% over the last 7D

Price+$199spread −3.780% now, avg −5.774% → +1.994% if it goes back

Costs−$3,48634.864% of $10k · taker + slippage, in and out

Result−$3,282−32.82%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.050% in total, about +0.0024%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−3.780%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BP on 7 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size2466.7 / 112.4 bp
At $10k entering Gate costs 2466.7 bp, fee and slippage, 22.0× Phoenix’s.
Note: Margin at max leverage$1,000 + $2,000
Gate 10x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$6.66Long Gate: 6 payments, −$3.00; short Phoenix: 24 payments, +$9.66.
OK: Entry gap works for you−3.780% vs −5.774%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$159K vs $388K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · Phoenix No
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0024%/8h × 21 periods+$4.98

Price spread−3.780% → −5.774% (7d avg)+$199.40

Slippage, 4 orderslive order books−$3,464.40

Fee Gate bp × 2 orders−$15.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$3,282.02

Costs to cover34.864%Break-even4621.2 days

Slippage: Gate: live order book, 14 min ago; Phoenix: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate40.662466.7 bp−$2,46724620.1 bp−$246.2Kdoesn’t fitdoesn’t fit

SELL · SHORTPhoenix27.68112.4 bp−$112doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

BP news

posts that mention BP, from every exchangeSearch all news →

10-20 02:33	Aftermath Perps	Listing	new market BPUSD ($BP) seen by our collector
09-29 19:03	Phoenix	Listing	Now live on Phoenix: $BP - 5x leverage $RAY - 5x leverage @PhoenixTrade on X ↗
09-29 18:36	Phoenix	Listing	new market BP ($BP) seen by our collector
09-28 07:49	edgeX	Listing	New Crypto Perp Listings on edgeX $QNT Enterprise blockchain interoperability platform. $BP Crypto exchange and self-custodial wallet platform. Trade on Arc. Unlock Triple Rewards. @edgeX_exchange on X ↗
09-28 07:18	edgeX	Listing	new market BPUSDC ($BP) seen by our collector
09-20 09:45	Backpack	Other	Learn more about $BP ↓ @Backpack on X ↗

BP