BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0131%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.024%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.554%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 Kraken Futures

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. Kraken Futures is 0.554% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.554% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 14 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.571	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	13m 02s	—	—	—
Short	Kraken Futures PF_BRENTOILUSD	97.031	0.0143	get 0.0018% / 1h	13m 02s	$84K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.554%Rate

Funding earned: $27.53
Price spread: −0.554% → 0.000%: −$55.4
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.87
Costs to cover: 0.200%
Break-even: 19.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 44 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 Kraken Futures live order book, 44 min ago	2.31 bp	18.2 bp −$18	35.8 bp −$358	doesn't fit	doesn't fit

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.433	−1.167%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.339%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0029%	4h	97.030	−0.555%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.065	−0.518%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.047	−0.537%	$147.0M	$369.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.040	−0.544%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.040	−0.544%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.032	−0.553%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−0.606%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.030	−0.555%	$27.6M	$16.5M	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	97.168	−0.413%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	−0.442%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.030	−0.555%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.030	−0.555%	$103K	$234K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.575%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.260	−0.319%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	−0.444%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.571	long leg	—	—	—
Vest BZ-PERP	+0.0031%	1h	101.08	+3.596%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	−0.544%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.029	−0.556%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.041	−0.544%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.057	−0.527%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.080	−0.503%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.010	−0.575%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	−0.514%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	−0.411%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0127%	1h	97.157	−0.425%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.100	−0.483%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0143%	1h	97.031	−0.554%	$84K	$206K	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0211% / S −0.0138%	1h	97.020	−0.565%	$126K	—	111x	as long as short