BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h +0.071%

Price spread now: GMX against Extended−0.068%7-day average −0.020% · you buy dearer than you sell

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

Long on Extended Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.068%, 7d avg −0.020%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 0.048% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	95.970	0.0032	pay 0.0004% / 1h	7m 00s	$669K	$5.2M	10x
Short	GMX BRENTOIL/USD [ETH-USDC]	95.905	L −0.0755% / S +0.0473%	pay 0.0059% / 1h	7m 00s	$114K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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 ExtendedbpFee GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$106.07
Price spread: −0.068% → −0.020%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$127.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; GMX: no order-book sample. 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 Extended live order book, 2 min ago	1.04 bp	4.4 bp −$4	22.6 bp −$226	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
GMX BRENTOIL/USD [ETH-USDC]short	L −0.0755% / S +0.0473%	1h	95.905	−0.068%	$114K	—	29x
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.049%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.083%	$232K	$859K	15x	as long as short
Paradex BZ-USD-PERP	−0.0006%	8h	95.919	−0.053%	$3K	$521	5x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.890	−0.083%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.948	−0.023%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.960	−0.010%	$145.7M	$491.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.970	0.000%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	−0.052%	$15.8M	$29.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.897	−0.076%	$2.2M	$1.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.910	−0.063%	$9.2M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.950	−0.021%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.060%	$9.5M	$10.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	−0.079%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.930	−0.042%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.980	+0.010%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.104%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.950	−0.021%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.895	−0.078%	$219K	$233K	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	95.970	long leg	$669K	$5.2M	10x
Lighter BRENTOIL	+0.0040%	1h	95.960	−0.010%	$3.3M	$4.5M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.251%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.979	+0.009%	$147.9M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.976	+0.006%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.880	−0.094%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.094%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.890	−0.083%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.947	−0.024%	$81K	$258K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	95.922	−0.050%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0312%	1h	95.930	−0.042%	$33K	—	20x	as long as short