Funding you earn now, next payment 07:00 UTC+0.2739%/8h= +300.0% APRnext payment +$3.42 per $10,000 · paid last 24h +0.021%
Price spread now: GMX against Extended+0.011%7-day average −0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.011%, 7d avg −0.014%
=Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and GMX is 0.025% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.121% in total (about 12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XBR-USD | 97.854 | 0.0032 | pay 0.0004% / 1h | 40m 04s | $682K | $3.4M | 10x |
| Short | GMX BRENTOIL/USD [ETH-USDC] | 97.865 | L +0.0329% / S −0.2771% | get 0.0346% / 1h | 40m 04s | $116K | — | 111x |
Extended XBR-USD
GMX BRENTOIL/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Extended. 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
- $575.28
- Price spread: +0.011% → −0.014%
- $2.5
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $560.78
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Extended: 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 Extended live order book, 4 min ago | 1.43 bp | 4.9 bp −$5 | 17.4 bp −$174 | 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 | 96.817 | −1.060% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.332% | $235K | $416K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0080% | 1h | 97.840 | −0.015% | $34K | — | 20x | as long as short |
| BloFin BZ-USDT | −0.0019% | 4h | 97.760 | −0.096% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.851 | −0.004% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.846 | −0.009% | $147.8M | $351.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.810 | −0.045% | $10.1M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.850 | −0.004% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.820 | −0.035% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.790 | −0.066% | $9.3M | $10.9M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.850 | −0.004% | $28.0M | $17.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.768 | −0.088% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.779 | −0.077% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.860 | +0.006% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.830 | −0.025% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.830 | −0.025% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.920 | +0.067% | $1.2M | $87K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 97.792 | −0.064% | $225K | $229K | 20x | as long as short |
| Vest BZ-PERP | +0.0011% | 1h | 101.95 | +4.185% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.419 | +0.577% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.850 | −0.004% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USDlong | +0.0032% | 1h | 97.854 | long leg | $682K | $3.4M | 10x | |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.815 | −0.040% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.860 | +0.006% | $155.2M | $119.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.903 | +0.050% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.760 | −0.096% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.792 | −0.064% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.870 | +0.016% | $3.9M | $823K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.840 | −0.015% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0157% | 1h | 97.853 | −0.001% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]short | L +0.0329% / S −0.2771% | 1h | 97.865 | +0.011% | $116K | — | 111x |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD