Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Phemex against OKX+0.021%7-day average +0.221% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 3 days (all we have)+0.264%+$26 · spread now +0.021%, 7d avg +0.221%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.200% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.221%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BZ-USDT-SWAP | 96.920 | 0 | get 0.0000% / 4h | 1h 54m | $15.9M | $20.8M | 50x |
| Short | Phemex XBRUSDT | 96.940 | 0 | get 0.0000% / 4h | 1h 54m | $1.2M | $84K | 100x |
OKX BZ-USDT-SWAP
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $0
- Price spread: +0.021% → +0.221%
- −$19.99
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.99
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 min ago; Phemex: 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 OKX live order book, 4 min ago | 0.52 bp | 6.2 bp −$6 | 9.4 bp −$94 | 28.1 bp −$2,812 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.55 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.207 | −0.736% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | −0.113% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.888 | −0.033% | $336K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.910 | −0.010% | $146.5M | $376.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.900 | −0.021% | $10.3M | $13.5M | 100x | as long as short |
| OKX BZ-USDT-SWAPlong | 0.0000% | 4h | 96.920 | long leg | $15.9M | $20.8M | 50x | |
| RISEx BZ/USDC | 0.0000% | 1h | 96.904 | −0.016% | $2.3M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 96.920 | 0.000% | $33K | — | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.860 | −0.062% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.900 | −0.021% | $27.4M | $16.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Gate BZ_USDT
Bitget BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 96.939 | +0.020% | $9.3M | $7.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.949 | +0.030% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.950 | +0.031% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.950 | +0.031% | $103K | $237K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.930 | +0.010% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 96.940 | +0.021% | $1.2M | $84K | 100x | |
| edgeX BZUSDC | +0.0002% | 4h | 96.941 | +0.022% | $222K | $227K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.477 | +0.575% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.920 | 0.000% | $3.3M | $4.5M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 96.910 | −0.010% | $677K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.96 | +4.168% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 96.908 | −0.012% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.921 | +0.001% | $151.8M | $125.5M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.966 | +0.047% | $1.5M | $470K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.870 | −0.052% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.980 | +0.062% | $3.8M | $877K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.950 | +0.031% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0180% / S +0.0066% | 1h | 96.935 | +0.015% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0209% | 1h | 96.949 | +0.030% | $8K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 96.967 | +0.048% | $84K | $218K | 20x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD