BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h +0.017%

Price spread now: tradeXYZ against GMX−0.047%7-day average — · you buy dearer than you sell

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

Long on GMX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and tradeXYZ is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 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	GMX BRENTOIL/USD [ETH-USDC]	94.835	L +0.0166% / S −0.0429%	pay 0.0021% / 1h	44m 04s	$22K	—	111x
Short	tradeXYZ xyz:BRENTOIL	94.790	0.0050	get 0.0006% / 1h	44m 04s	$143.4M	$189.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$24.29
Price spread: −0.047% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$59.03
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.37 bp	9.8 bp −$10	11.1 bp −$111	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 31 exchanges

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	−0.0488%	1h	94.800	−0.037%	$29K	$383K	15x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.719	−0.122%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0335%	1h	94.764	−0.075%	$108K	$279K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.770	−0.069%	$252K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0066%	8h	94.770	−0.069%	$10.4M	$18.3M	100x	as long as short
Binance BZUSDT	−0.0023%	4h	94.820	−0.016%	$146.1M	$481.5M	100x	as long as short
BloFin BZ-USDT	−0.0023%	4h	94.970	+0.142%	$1.5M	$125K	50x	as long as short
edgeX BZUSDC	−0.0022%	4h	94.780	−0.058%	$218K	$231K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0004%	4h	94.711	−0.131%	$16K	$297K	25x	as long as short
Aster BZUSDT	0.0000%	4h	94.881	+0.048%	$328K	$684K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	94.810	−0.026%	$15.8M	$30.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.750	−0.090%	$8.9M	$13.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.810	−0.026%	$27.5M	$31.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.951	+0.122%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.770	−0.069%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.760	−0.079%	$243K	$313K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.930	+0.100%	$1.2M	$101K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0006%	1h	94.740	−0.101%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.364	+0.557%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	98.520	+3.886%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.820	−0.016%	$3.5M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.868	+0.035%	$754K	$4.0M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.001%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0036%	8h	94.762	−0.077%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	94.790	−0.047%	$143.4M	$189.7M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.772	−0.066%	$1.5M	$543K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.730	−0.111%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.780	−0.058%	$3.3M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.960	+0.132%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0166% / S −0.0429%	1h	94.835	long leg	$22K	—	111x
Hotstuff BRENTOIL-PERP	+0.0184%	1h	94.480	−0.374%	$33K	—	20x	as long as short