Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.047%
Price spread now: Phemex against Paradex+0.015%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BZ-USD-PERP | 96.026 | 0.0022 | pay 0.0022% / 8h | 1h 05m | $3K | $521 | 5x |
| Short | Phemex XBRUSDT | 96.040 | 0 | get 0.0000% / 4h | 1h 05m | $1.2M | $96K | 100x |
Paradex BZ-USD-PERP
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$4.68
- Price spread: +0.015% → 0.000%
- $1.47
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$19.2
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 2 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 6.76 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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] | L −0.0848% / S +0.0467% | 1h | 96.045 | +0.020% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.249 | −0.809% | $8K | $7K | 30x | as long as short |
| RISEx BZ/USDC | −0.0075% | 1h | 96.023 | −0.003% | $2.2M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0048% | 1h | 96.050 | +0.025% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0016% | 1h | 96.050 | +0.025% | $232K | $624K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.033 | +0.007% | $334K | $1.5M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.045 | +0.020% | $145.7M | $471.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.050 | +0.025% | $10.4M | $15.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.020 | −0.006% | $15.8M | $27.0M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.000 | −0.027% | $9.2M | $18.0M | 100x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.030 | +0.004% | $27.4M | $21.1M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.032 | +0.006% | $9.2M | $8.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.009 | −0.018% | $34K | $388K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.070 | +0.046% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.060 | +0.036% | $103K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.990 | −0.037% | $305K | $253K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 96.040 | +0.015% | $1.2M | $96K | 100x | |
| edgeX BZUSDC | +0.0013% | 4h | 96.028 | +0.002% | $220K | $233K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0014% | 1h | 96.063 | +0.039% | $6K | $45K | 5x | as long as short |
| Paradex BZ-USD-PERPlong | +0.0022% | 8h | 96.026 | long leg | $3K | $521 | 5x | |
| Lighter BRENTOIL | +0.0032% | 1h | 96.050 | +0.025% | $3.3M | $4.3M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 95.964 | −0.065% | $670K | $5.2M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.760 | +3.889% | — | $735K | 10x | as long as short |
| BloFin BZ-USDT | +0.0048% | 4h | 96.040 | +0.015% | $1.5M | $95K | 50x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.063 | +0.039% | $147.8M | $145.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.105 | +0.082% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.000 | −0.027% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.060 | +0.036% | $3.8M | $996K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.050 | +0.025% | $25K | $270K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0555% | 1h | 96.074 | +0.050% | $81K | $235K | 20x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
Aftermath Perps BRENTUSD
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
BloFin BZ-USDT
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD