Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.061%
Price spread now: Phemex against Bybit−0.010%53s7-day average +0.216% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.740%+$74 on $10k
+Price spread, last 3 days (all we have)+0.314%+$31 · spread now −0.010%, 7d avg +0.216%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.226% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.216%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 96.210 | 0 | get 0.0000% / 8h | 14m 21s | $10.5M | $16.1M | 100x |
| Short | Phemex XBRUSDT | 96.200 | 0 | get 0.0000% / 4h | 14m 21s | $1.2M | $94K | 100x |
Bybit BZUSDT
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: −0.010% → +0.216%
- −$22.59
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$45.59
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: 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 Bybit live order book, 4 min ago | 0.52 bp | 9.8 bp −$10 | 17.4 bp −$174 | 113.6 bp −$11.4K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 15.05 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | L −0.0848% / S +0.0467% | 1h | 96.175 | −0.036% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.484 | −0.755% | $8K | $7K | 30x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0072% | 1h | 96.250 | +0.042% | $33K | — | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0062% | 1h | 96.220 | +0.010% | $103K | $275K | 15x | as long as short |
| BloFin BZ-USDT | −0.0050% | 4h | 96.190 | −0.021% | $1.5M | $96K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.070 | −0.146% | $232K | $551K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.195 | −0.016% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.210 | 0.000% | $334K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.197 | −0.013% | $145.8M | $452.8M | 100x | as long as short |
| Bybit BZUSDTlong | 0.0000% | 8h | 96.210 | long leg | $10.5M | $16.1M | 100x |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
Hotstuff BRENTOIL-PERP
Deribit BRENTOIL_USDC-PERPETUAL
BloFin BZ-USDT
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.190 | −0.021% | $15.8M | $26.5M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.150 | −0.062% | $9.2M | $16.4M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.200 | −0.010% | $27.6M | $20.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.181 | −0.030% | $9.3M | $7.7M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.206 | −0.004% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.200 | −0.010% | $4K | $2.7M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.140 | −0.073% | $306K | $249K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 96.200 | −0.010% | $1.2M | $94K | 100x | |
| edgeX BZUSDC | +0.0010% | 4h | 96.183 | −0.029% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0029% | 8h | 96.199 | −0.011% | $3K | $521 | 5x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.830 | +3.763% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.230 | +0.021% | $151.1M | $144.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.261 | +0.053% | $1.5M | $525K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0081% | 1h | 96.270 | +0.062% | $6K | $44K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.110 | −0.104% | $3.8M | $988K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.210 | 0.000% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.236 | +0.027% | $83K | $234K | 20x | as long as short |
| Lighter BRENTOIL | +0.0288% | 1h | 96.230 | +0.021% | $3.3M | $4.3M | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0405% | 1h | 96.180 | −0.031% | $3.1M | $1.1M | 15x | as long as short |
| Extended XBR-USD | +0.0568% | 1h | 96.130 | −0.083% | $675K | $5.2M | 10x | as long as short |
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
edgeX BZUSDC
Paradex BZ-USD-PERP
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Lighter BRENTOIL
Ondo Perps BRENT-USD.P
Extended XBR-USD