Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.016%
Price spread now: Deribit against gTrade (Gains Network)−0.554%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 0.554% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$55 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BRENT/USD | 98.053 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 40m 11s | — | — | — |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.510 | 0 | get 0.0000% / 1h | 40m 11s | $104K | $242K | 15x |
gTrade (Gains Network) BRENT/USD
Deribit BRENTOIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- −$2.4
- Price spread: −0.554% → 0.000%
- −$55.37
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$74.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 13 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 13 min ago | 0.51 bp | 4.0 bp −$4 | 5.1 bp −$51 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | 96.333 | −1.754% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.270 | −0.798% | $233K | $439K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.488 | −0.577% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.500 | −0.564% | $147.7M | $367.5M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.490 | −0.574% | $10.4M | $12.7M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.500 | −0.564% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.480 | −0.585% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.470 | −0.594% | $9.2M | $12.1M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.490 | −0.574% | $27.9M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.458 | −0.607% | $9.3M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.370 | −0.696% | $29K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.520 | −0.543% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.510 | −0.554% | $104K | $242K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.320 | −0.747% | $279K | $267K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.510 | −0.554% | $1.2M | $84K | 100x | as long as short |
| BloFin BZ-USDT | +0.0004% | 4h | 97.440 | −0.625% | $1.5M | $92K | 50x | as long as short |
| gTrade (Gains Network) BRENT/USDlong | L +0.0011% / S −0.0011% | 1h | 98.053 | long leg | — | — | — | |
| edgeX BZUSDC | +0.0012% | 4h | 97.366 | −0.700% | $223K | $226K | 20x | as long as short |
| Vest BZ-PERP | +0.0029% | 1h | 101.53 | +3.546% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.500 | −0.564% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.514 | −0.549% | $675K | $4.1M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.489 | −0.576% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.530 | −0.533% | $153.9M | $126.4M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.529 | −0.534% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.440 | −0.625% | $3.1M | $1.0M | 15x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.502 | −0.562% | $82K | $208K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0080% | 1h | 97.510 | −0.554% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.550 | −0.513% | $3.8M | $868K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.370 | −0.696% | $26K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0103% | 1h | 97.393 | −0.673% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0239% / S −0.0325% | 1h | 97.495 | −0.569% | $127K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
BloFin BZ-USDT
edgeX BZUSDC
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
GMX BRENTOIL/USD [ETH-USDC]