Funding you earn now, next payment 07:00 UTC−0.0147%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against Kraken Futures+0.610%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.610% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.610% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BRENTOILUSD | 97.682 | 0.0158 | pay 0.0020% / 1h | 16m 16s | $82K | $206K | 20x |
| Short | gTrade (Gains Network) BRENT/USD | 98.278 | L +0.0011% / S −0.0011% | get 0.0001% / 1h | 16m 16s | — | — | — |
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Kraken Futures. 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
- −$30.77
- Price spread: +0.610% → 0.000%
- $60.98
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $10.2
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 26 min ago; gTrade (Gains Network): 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 Kraken Futures live order book, 26 min ago | 4.66 bp | 15.1 bp −$15 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 | 96.970 | −0.729% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.700 | +0.018% | $237K | $417K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0032% | 1h | 97.710 | +0.029% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.680 | −0.002% | $340K | $880K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.670 | −0.012% | $147.7M | $350.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.660 | −0.022% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.680 | −0.002% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.665 | −0.018% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.640 | −0.043% | $9.3M | $11.1M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.690 | +0.008% | $27.8M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
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 | 97.718 | +0.037% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.664 | −0.019% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.710 | +0.029% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.670 | −0.012% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.660 | −0.022% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.700 | +0.018% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | +0.0004% | 4h | 97.673 | −0.010% | $225K | $228K | 20x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.83 | +4.246% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USDshort | L +0.0011% / S −0.0011% | 1h | 98.278 | +0.610% | — | — | — | |
| Lighter BRENTOIL | +0.0032% | 1h | 97.670 | −0.012% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.679 | −0.003% | $682K | $3.2M | 10x | as long as short |
| BloFin BZ-USDT | +0.0048% | 4h | 97.760 | +0.080% | $1.5M | $97K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.701 | +0.019% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.692 | +0.010% | $155.1M | $115.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.718 | +0.037% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.660 | −0.022% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0090% | 1h | 97.725 | +0.044% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.670 | −0.012% | $3.8M | $814K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.740 | +0.059% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSDlong | +0.0158% | 1h | 97.682 | long leg | $82K | $206K | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.695 | +0.013% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
BloFin BZ-USDT
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]