Funding you earn now, next payment 05:00 UTC+0.1329%/8h= +145.5% APRnext payment +$1.66 per $10,000 · paid last 24h −0.032%
Price spread now: GMX against Ondo Perps+0.067%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.067%, 7d avg +0.046%
=Together, before fees−0.206%+ Points / potential airdropOndo Perps: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and GMX is 0.021% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 3 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.067% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 97.250 | 0.0050 | pay 0.0006% / 1h | 24m 24s | $3.1M | $1.0M | 15x |
| Short | GMX BRENTOIL/USD [ETH-USDC] | 97.315 | L +0.0256% / S −0.1380% | get 0.0172% / 1h | 24m 24s | $115K | — | 111x |
Ondo Perps BRENT-USD.P
GMX BRENTOIL/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Ondo Perps. 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
- $279.12
- Price spread: +0.067% → +0.046%
- $2.08
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $264.2
- Costs to cover
- 0.170%
- Break-even
- 0.4 days
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Ondo Perps and 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 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 | 96.628 | −0.640% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.270 | +0.021% | $233K | $439K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.342 | +0.094% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.320 | +0.072% | $147.2M | $367.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.310 | +0.062% | $10.4M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.320 | +0.072% | $16.1M | $20.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.307 | +0.058% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.290 | +0.041% | $9.2M | $12.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.310 | +0.062% | $27.9M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.297 | +0.048% | $9.3M | $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 | 97.368 | +0.122% | $29K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.330 | +0.082% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.320 | +0.072% | $104K | $246K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.240 | −0.010% | $279K | $267K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.440 | +0.195% | $1.2M | $82K | 100x | as long as short |
| edgeX BZUSDC | +0.0003% | 4h | 97.338 | +0.090% | $223K | $226K | 20x | as long as short |
| BloFin BZ-USDT | +0.0008% | 4h | 97.300 | +0.051% | $1.5M | $91K | 50x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.871 | +0.638% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0027% | 1h | 101.37 | +4.237% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.330 | +0.082% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.332 | +0.084% | $680K | $4.1M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.318 | +0.070% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.337 | +0.089% | $153.7M | $125.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.358 | +0.111% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.Plong | +0.0050% | 1h | 97.250 | long leg | $3.1M | $1.0M | 15x | |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.320 | +0.072% | $82K | $208K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0080% | 1h | 97.330 | +0.082% | $34K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0099% | 1h | 97.351 | +0.104% | $7K | $43K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.380 | +0.134% | $3.8M | $853K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.370 | +0.123% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]short | L +0.0256% / S −0.1380% | 1h | 97.315 | +0.067% | $115K | — | 111x |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
BloFin BZ-USDT
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT