Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.015%
Price spread now: Deribit against edgeX+0.114%75s7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.426% of the position
Funding, last 4 days (all we have)−0.425%−$43 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.114%, 7d avg +0.036%
=Together, before fees−0.607%+ Points / potential airdropedgeX: Active · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.079% dearer against edgeX than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.036%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 4 days (−0.425% in total) that is about 17 hours. The two prices were read 75 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 | edgeX BZUSDC | 97.628 | 0.0017 | pay 0.0009% / 4h | 1h 57m | $225K | $229K | 20x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.740 | 0 | get 0.0000% / 1h | 57m 40s | $100K | $249K | 15x |
edgeX BZUSDC
Deribit BRENTOIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.62
- Price spread: +0.114% → +0.036%
- $7.88
- Slippage, 4 orders
- −$26.61
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$38.35
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 49 min ago; Deribit: live order book, 51 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 edgeX live order book, 49 min ago | 10.26 bp | 14.8 bp −$15 | 15.4 bp −$154 | 57.9 bp −$5,790 | doesn't fit |
| Sell Deribit live order book, 51 min ago | 0.51 bp | 4.0 bp −$4 | 5.5 bp −$55 | 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 | 96.939 | −0.706% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.101% | $235K | $424K | 15x | as long as short |
| BloFin BZ-USDT | −0.0037% | 4h | 97.670 | +0.043% | $1.5M | $95K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.747 | +0.121% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.743 | +0.118% | $147.8M | $355.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.720 | +0.094% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.730 | +0.104% | $16.2M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.660 | +0.032% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.690 | +0.063% | $9.3M | $10.8M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.740 | +0.114% | $27.8M | $17.3M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.647 | +0.019% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.660 | +0.032% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.690 | +0.063% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.740 | +0.114% | $100K | $249K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.680 | +0.053% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.690 | +0.063% | $1.2M | $80K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.277 | +0.665% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0014% | 1h | 101.77 | +4.242% | — | $735K | 10x | as long as short |
| edgeX BZUSDClong | +0.0017% | 4h | 97.628 | long leg | $225K | $229K | 20x | |
| Lighter BRENTOIL | +0.0032% | 1h | 97.730 | +0.104% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.733 | +0.108% | $677K | $3.5M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0048% | 1h | 97.720 | +0.094% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.650 | +0.022% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.758 | +0.133% | $154.7M | $123.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.733 | +0.107% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | +0.012% | $3.1M | $995K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0075% | 1h | 97.638 | +0.010% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.750 | +0.125% | $3.8M | $830K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.670 | +0.043% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.717 | +0.091% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.735 | +0.109% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]