Funding you earn now, next payment 07:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h +0.004%
Price spread now: Phemex against Kraken Futures+0.202%7-day average +0.195% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.327%+$133 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.202%, 7d avg +0.195%
=The price spread sits at its 7-day average of +0.195%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +1.327%, 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 | 97.813 | 0.0157 | pay 0.0020% / 1h | 27m 00s | $82K | $206K | 20x |
| Short | Phemex XBRUSDT | 98.010 | 0 | get 0.0000% / 4h | 1h 27m | $1.2M | $86K | 100x |
Kraken Futures PF_BRENTOILUSD
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$33.07
- Price spread: +0.202% → +0.195%
- $0.64
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$54.43
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 15 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 Kraken Futures live order book, 15 min ago | 4.66 bp | 15.1 bp −$15 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 17.38 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 | −0.813% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | −0.003% | $236K | $417K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.806 | −0.007% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.801 | −0.012% | $147.9M | $349.5M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.770 | −0.044% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.800 | −0.013% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.787 | −0.027% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.760 | −0.054% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.810 | −0.003% | $27.9M | $17.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.768 | −0.046% | $9.4M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.782 | −0.032% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.840 | +0.028% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.820 | +0.007% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.690 | −0.126% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 98.010 | +0.202% | $1.2M | $86K | 100x | |
| edgeX BZUSDC | +0.0008% | 4h | 97.739 | −0.076% | $225K | $227K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.91 | +4.189% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.300 | +0.498% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.800 | −0.013% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.790 | −0.024% | $682K | $3.3M | 10x | as long as short |
| BloFin BZ-USDT | +0.0050% | 4h | 97.710 | −0.105% | $1.5M | $97K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.770 | −0.044% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.816 | +0.003% | $155.2M | $116.3M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.828 | +0.015% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.710 | −0.105% | $3.1M | $1.0M | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0064% | 1h | 97.780 | −0.034% | $34K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.774 | −0.039% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.810 | −0.003% | $3.8M | $808K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.730 | −0.085% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSDlong | +0.0157% | 1h | 97.813 | long leg | $82K | $206K | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.825 | +0.012% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
BloFin BZ-USDT
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
GMX BRENTOIL/USD [ETH-USDC]