Funding you earn now, next payment 05:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h −0.029%
Price spread now: Deribit against tradeXYZ−0.022%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 4 days (all we have)−0.409%−$41 on $10k
+Price spread, last 4 days (all we have)−0.085%−$8 · spread now −0.022%, 7d avg −0.067%
=Together, before fees−0.494%+ Points / potential airdroptradeXYZ: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.046% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.067%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 4 days (−0.409% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BRENTOIL | 97.391 | 0.0050 | pay 0.0006% / 1h | 42m 41s | $153.6M | $126.3M | 20x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.370 | −0.0058 | pay 0.0007% / 1h | 42m 41s | $104K | $242K | 15x |
tradeXYZ xyz:BRENTOIL
Deribit BRENTOIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- −$22.68
- Price spread: −0.022% → −0.067%
- $4.56
- Slippage, 4 orders
- −$6.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$49.34
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Deribit: live order book, 11 min ago.
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 tradeXYZ live order book, 7 min ago | 0.10 bp | 9.5 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 0.51 bp | 4.0 bp −$4 | 5.1 bp −$51 | 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 | 96.333 | −1.086% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.270 | −0.124% | $233K | $439K | 15x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | −0.0058% | 1h | 97.370 | −0.022% | $104K | $242K | 15x | |
| BloFin BZ-USDT | −0.0051% | 4h | 97.370 | −0.022% | $1.5M | $92K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.360 | −0.032% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.340 | −0.052% | $147.4M | $368.2M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.360 | −0.032% | $10.4M | $12.7M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.390 | −0.001% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.355 | −0.037% | $2.4M | $1.7M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 97.390 | −0.001% | $34K | — | 20x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.350 | −0.042% | $9.2M | $12.1M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.360 | −0.032% | $27.9M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.348 | −0.044% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.370 | −0.022% | $29K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.420 | +0.030% | $4K | $2.5M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.320 | −0.073% | $279K | $267K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.390 | −0.001% | $1.2M | $84K | 100x | as long as short |
| edgeX BZUSDC | +0.0008% | 4h | 97.375 | −0.016% | $223K | $228K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.913 | +0.536% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0030% | 1h | 101.44 | +4.157% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.360 | −0.032% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.396 | +0.005% | $677K | $4.1M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.343 | −0.050% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOILlong | +0.0050% | 1h | 97.391 | long leg | $153.6M | $126.3M | 20x | |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.436 | +0.046% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.310 | −0.083% | $3.1M | $1.0M | 15x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.382 | −0.009% | $82K | $208K | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.420 | +0.030% | $3.8M | $868K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.360 | −0.032% | $26K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0104% | 1h | 97.343 | −0.050% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0236% / S −0.0309% | 1h | 97.355 | −0.037% | $126K | — | 111x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
GMX BRENTOIL/USD [ETH-USDC]