BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h −0.032%

Price spread now: GMX against tradeXYZ−0.049%7-day average −0.080% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.049%, 7d avg −0.080%

Together, before fees−0.128%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.030% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.023	0.0050	pay 0.0006% / 1h	5m 36s	$153.0M	$126.8M	20x
Short	GMX BRENTOIL/USD [ETH-USDC]	96.975	L +0.0216% / S −0.0177%	get 0.0022% / 1h	5m 36s	$126K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee GMXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $26.69
Price spread: −0.049% → −0.080%: $3.04
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.27
Costs to cover: 0.300%
Break-even: 7.1 days

Slippage unknown: tradeXYZ: live order book, 4 min ago; 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 tradeXYZ live order book, 4 min ago	0.16 bp	9.7 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	96.433	−0.608%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.224%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	0.0000%	4h	97.000	−0.024%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.989	−0.035%	$337K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.089	+0.068%	$146.9M	$370.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.080	+0.059%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.080	+0.059%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.008	−0.015%	$2.2M	$1.5M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.960	−0.065%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.000	−0.024%	$27.7M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.958	−0.067%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.981	−0.043%	$28K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.990	−0.034%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.034%	$103K	$236K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.940	−0.086%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.300	+0.285%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.968	−0.056%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.540	+0.533%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.02	+4.120%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	−0.013%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.013	−0.010%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.010	−0.014%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.023	long leg	$153.0M	$126.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.033	+0.010%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.940	−0.086%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.018%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.010	−0.013%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.053	+0.031%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.000	−0.024%	$84K	$206K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0208%	1h	97.040	+0.018%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0216% / S −0.0177%	1h	96.975	−0.049%	$126K	—	111x