BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0827%/8h= +90.6% APRnext payment +$1.03 per $10,000 · paid last 24h +0.048%

Price spread now: RISEx against GMX−0.005%46s7-day average +0.035% · you buy dearer than you sell

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.254%+$25 on $10k

Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.005%, 7d avg +0.035%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.041% cheaper against GMX than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day). At the pace of the last 3 days (+0.254% in total) that is about 12 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.254% in total (about 29.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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	GMX BRENTOIL/USD [ETH-USDC]	96.195	L −0.0848% / S +0.0467%	get 0.0106% / 1h	15m 31s	$120K	—	111x
Short	RISEx BZ/USDC	96.190	−0.0020	pay 0.0003% / 1h	15m 31s	$2.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GMX. 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 GMXbpFee RISExbpOrdersPrice spread, now −0.005%Rate

Funding earned: $173.76
Price spread: −0.005% → +0.035%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $151.69
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell RISEx live order book, 3 min ago	1.04 bp	4.0 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

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]long	L −0.0848% / S +0.0467%	1h	96.195	long leg	$120K	—	111x
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.739%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	96.250	+0.057%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.130%	$232K	$551K	15x	as long as short
BloFin BZ-USDT	−0.0037%	4h	96.190	−0.005%	$1.5M	$96K	50x	as long as short
RISEx BZ/USDCshort	−0.0020%	1h	96.190	−0.005%	$2.2M	$1.3M	20x
Aster BZUSDT	0.0000%	4h	96.204	+0.009%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	+0.005%	$145.8M	$452.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	+0.016%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.005%	$15.8M	$26.5M	50x	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	96.160	−0.036%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.210	+0.016%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.014%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.206	+0.012%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	+0.016%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.230	+0.036%	$103K	$275K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.057%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	−0.005%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.183	−0.013%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0028%	8h	96.187	−0.008%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.880	+3.831%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.250	+0.057%	$151.1M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.269	+0.077%	$1.5M	$527K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	96.270	+0.078%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.110	−0.088%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.210	+0.016%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.244	+0.051%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0288%	1h	96.230	+0.036%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0404%	1h	96.180	−0.016%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0576%	1h	96.126	−0.071%	$675K	$5.2M	10x	as long as short