BZ

Alert

Funding spread now, next payment 16:00 UTC+0.0006%/8h

next payment, per $10,000+$0.01paid, last 24h+0.113%paid, last 3 days+0.413%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	96.150	−0.0062	get 0.0008% / 1h	26m 49s	$103K	$255K	15x
Short	GMX BRENTOIL/USD [ETH-USDC]	96.165	L +0.0038% / S +0.0056%	pay 0.0007% / 1h	26m 49s	$43K	—	111x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GMXbpOrdersRate

Funding earned: $1.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$17.75
Break-even: 106.2 days

Slippage unknown: Deribit: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit live order book, 4 min ago	3.64 bp	7.1 bp −$7	8.0 bp −$80	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 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	$13K	$97	30x	as long as short
Vest BZ-PERP	−0.0069%	1h	—	$476K	10x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	−0.0062%	1h	$103K	$255K	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0048%	1h	$259K	$668K	15x	as long as short
RISEx BZ/USDC	−0.0048%	1h	$2.2M	$577K	20x	as long as short
BloFin BZ-USDT	−0.0008%	4h	$1.6M	$73K	50x	as long as short
Aftermath Perps BRENTUSD	−0.0006%	1h	$7K	$50K	5x	as long as short
Binance BZUSDT	−0.0002%	4h	$146.8M	$420.2M	100x	as long as short
Aster BZUSDT	0.0000%	4h	$335K	$1.6M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.8M	$15.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	$16.2M	$30.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.2M	$17.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$28.4M	$20.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.6M	$12.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$286K	$123K	75x	as long as short
edgeX BZUSDC	+0.0009%	4h	$220K	$235K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Ondo Perps BRENT-USD.P	+0.0023%	1h	$3.0M	$908K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$3.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$682K	$5.0M	10x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0038% / S +0.0056%	1h	$43K	—	111x
Paradex BZ-USD-PERP	+0.0044%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$138.1M	$118.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.6M	$566K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0066%	1h	$81K	$364K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$890K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	$33K	—	20x	as long as short
Phemex XBRUSDT	+0.0698%	4h	$1.2M	$91K	100x	as long as short