BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1037%/8h= −113.5% APRnext payment −$1.30 per $10,000 · paid last 24h −0.017%

Price spread now: GMX against Kraken Futures−0.054%7-day average −0.011% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.436%+$44 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.054%, 7d avg −0.011%

Together, before fees+0.577%+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and GMX is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.436%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	95.836	0.0556	pay 0.0070% / 1h	48m 13s	$81K	$244K	20x
Short	GMX BRENTOIL/USD [ETH-USDC]	95.785	L −0.0799% / S +0.0481%	pay 0.0060% / 1h	48m 13s	$114K	—	29x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$217.74
Price spread: −0.054% → −0.011%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$243.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 34 min ago; GMX: 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, 34 min ago	6.41 bp	16.9 bp −$17	27.1 bp −$271	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L −0.0799% / S +0.0481%	1h	95.785	−0.054%	$114K	—	29x
Ondo Perps BRENT-USD.P	−0.0593%	1h	95.750	−0.090%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.614%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0176%	1h	95.830	−0.007%	$3.3M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0172%	1h	95.800	−0.038%	$147.4M	$146.6M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0152%	1h	95.790	−0.048%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.779	−0.060%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.740	−0.101%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	−0.080%	$34K	$396K	25x	as long as short
Paradex BZ-USD-PERP	−0.0018%	8h	95.762	−0.077%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.223%	$232K	$679K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.833	−0.003%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.800	−0.038%	$145.4M	$482.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.810	−0.028%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.810	−0.028%	$15.8M	$28.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.760	−0.080%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.800	−0.038%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	−0.104%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.810	−0.028%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.810	−0.028%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.740	−0.101%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.880	+0.046%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	−0.105%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0015%	1h	95.802	−0.036%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.902	+0.068%	$675K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.630	+3.958%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.815	−0.022%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.820	−0.017%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.780	−0.059%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0556%	1h	95.836	long leg	$81K	$244K	20x