Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Phemex against Gate+0.061%7-day average +0.258% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.554%+$55 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now +0.061%, 7d avg +0.258%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.197% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.258%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BZ_USDT | 97.730 | 0 | get 0.0000% / 8h | 1h 31m | $9.3M | $11.0M | 100x |
| Short | Phemex XBRUSDT | 97.790 | 0 | get 0.0000% / 4h | 1h 31m | $1.2M | $86K | 100x |
Gate BZ_USDT
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.061% → +0.258%
- −$19.67
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.67
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 2 min ago; Phemex: live order book, 1 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 Gate live order book, 2 min ago | 1.02 bp | 11.2 bp −$11 | 21.1 bp −$211 | 28.0 bp −$2,799 | 40.1 bp −$20.0K |
| Sell Phemex live order book, 1 min ago | 14.81 bp | doesn't fit | doesn't fit | 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 | 97.018 | −0.729% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | +0.082% | $236K | $417K | 15x | as long as short |
| BloFin BZ-USDT | −0.0018% | 4h | 97.810 | +0.082% | $1.5M | $97K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.795 | +0.067% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.794 | +0.066% | $147.8M | $349.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.760 | +0.031% | $10.5M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.770 | +0.041% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.761 | +0.032% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDTlong | 0.0000% | 8h | 97.730 | long leg | $9.3M | $11.0M | 100x | |
| Bitget BZUSDT | 0.0000% | 4h | 97.780 | +0.051% | $28.0M | $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
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 | 97.798 | +0.069% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.840 | +0.113% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.820 | +0.092% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.780 | +0.051% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.750 | +0.020% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 97.790 | +0.061% | $1.2M | $86K | 100x | |
| Vest BZ-PERP | +0.0010% | 1h | 101.92 | +4.287% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.338 | +0.622% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0016% | 4h | 97.812 | +0.084% | $225K | $228K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.770 | +0.041% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.789 | +0.061% | $682K | $3.3M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.774 | +0.045% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.787 | +0.058% | $155.2M | $116.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.824 | +0.096% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.740 | +0.010% | $3.1M | $994K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0080% | 1h | 97.780 | +0.051% | $34K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0081% | 1h | 97.808 | +0.080% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.800 | +0.072% | $3.8M | $809K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.830 | +0.102% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.773 | +0.044% | $82K | $206K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.775 | +0.046% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Hotstuff BRENTOIL-PERP
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]