Funding you earn now, next payment 09:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.005%
Price spread now: Binance against gTrade (Gains Network)−0.574%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.574% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$57 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BRENT/USD | 97.812 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 31m 55s | — | — | — |
| Short | Binance BZUSDT | 97.250 | 0 | get 0.0000% / 4h | 3h 31m | $148.6M | $354.4M | 100x |
gTrade (Gains Network) BRENT/USD
Binance BZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against gTrade (Gains Network). 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
- −$2.4
- Price spread: −0.574% → 0.000%
- −$57.44
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.83
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 12 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 0.51 bp | 5.5 bp −$6 | 6.8 bp −$68 | 13.6 bp −$1,362 | 51.3 bp −$25.7K |
gTrade (Gains Network): 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0264% | 1h | 97.230 | −0.595% | $100K | $263K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.342 | −1.503% | $8K | $7K | 30x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0078% | 1h | 97.190 | −0.636% | $3.1M | $1.0M | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.080 | −0.748% | $236K | $405K | 15x | as long as short |
| GRVT BZ_USDT_Perp | −0.0054% | 4h | 97.280 | −0.544% | $13K | $331K | 25x | as long as short |
| RISEx BZ/USDC | −0.0039% | 1h | 97.231 | −0.593% | $2.4M | $1.8M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.251 | −0.573% | $82K | $197K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.280 | −0.544% | $338K | $735K | 50x | as long as short |
| Binance BZUSDTshort | 0.0000% | 4h | 97.250 | −0.574% | $148.6M | $354.4M | 100x | |
| Bybit BZUSDT | 0.0000% | 8h | 97.250 | −0.574% | $10.3M | $13.3M | 100x | as long as short |
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Ondo Perps BRENT-USD.P
Coinbase International BRENTOIL-PERP-INTX
GRVT BZ_USDT_Perp
RISEx BZ/USDC
Kraken Futures PF_BRENTOILUSD
Aster BZUSDT
Bybit BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.230 | −0.595% | $16.2M | $19.9M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.200 | −0.625% | $9.2M | $10.5M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.270 | −0.554% | $27.9M | $18.9M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.329 | −0.494% | $9.4M | $6.1M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.250 | −0.574% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.270 | −0.554% | $279K | $251K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.300 | −0.523% | $1.2M | $83K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.20 | +3.464% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USDlong | L +0.0011% / S −0.0011% | 1h | 97.812 | long leg | — | — | — | |
| edgeX BZUSDC | +0.0020% | 4h | 97.275 | −0.549% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.250 | −0.574% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.264 | −0.560% | $750K | $2.7M | 10x | as long as short |
| BloFin BZ-USDT | +0.0044% | 4h | 97.270 | −0.554% | $1.5M | $100K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0047% | 8h | 97.259 | −0.565% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.296 | −0.527% | $155.4M | $115.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.250 | −0.574% | $1.6M | $344K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0071% | 1h | 97.350 | −0.473% | $7K | $39K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.260 | −0.564% | $3.8M | $791K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.380 | −0.441% | $26K | $273K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0192% | 1h | 97.290 | −0.533% | $34K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.235 | −0.590% | $115K | — | 111x | as long as short |
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
BloFin BZ-USDT
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]