BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2760%/8h= +302.2% APRnext payment +$3.45 per $10,000 · paid last 24h +0.003%

Price spread now: GMX against gTrade (Gains Network)−0.563%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.563% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.563% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 16 hours of funding at the current rate (+$83 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	98.228	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	54m 34s	—	—	—
Short	GMX BRENTOIL/USD [ETH-USDC]	97.675	L +0.0329% / S −0.2771%	get 0.0346% / 1h	54m 34s	$116K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now −0.563%Rate

Funding earned: $579.6
Price spread: −0.563% → 0.000%: −$56.32
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $501.29
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 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	96.817	−1.437%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.711%	$235K	$417K	15x	as long as short
BloFin BZ-USDT	−0.0008%	4h	97.640	−0.599%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.798	−0.438%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.793	−0.443%	$147.8M	$354.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.780	−0.456%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	−0.446%	$16.2M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.743	−0.494%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.710	−0.528%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.800	−0.436%	$27.9M	$17.4M	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	97.658	−0.581%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.750	−0.487%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	−0.538%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.660	−0.578%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.650	−0.589%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.660	−0.578%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.657	−0.582%	$225K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	98.228	long leg	—	—	—
Vest BZ-PERP	+0.0013%	1h	101.87	+3.707%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	−0.538%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.763	−0.474%	$678K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.690	−0.548%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.694	−0.544%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.714	−0.523%	$154.7M	$118.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.828	−0.407%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.710	−0.528%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0077%	1h	97.706	−0.532%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.720	−0.517%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	−0.497%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.674	−0.564%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0329% / S −0.2771%	1h	97.675	−0.563%	$116K	—	111x