Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: RISEx against gTrade (Gains Network)−0.548%47s7-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 RISEx is 0.548% 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. The two prices were read 47 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 | gTrade (Gains Network) BRENT/USD | 97.776 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 32m 45s | — | — | — |
| Short | RISEx BZ/USDC | 97.240 | 0 | get 0.0000% / 1h | 32m 45s | $2.2M | $1.4M | 20x |
gTrade (Gains Network) BRENT/USD
RISEx BZ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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: −0.548% → 0.000%
- −$54.84
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$73.24
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago | 1.29 bp | 4.3 bp −$4 | 4.7 bp −$47 | 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 | 96.571 | −1.233% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.240 | −0.548% | $234K | $437K | 15x | as long as short |
| BloFin BZ-USDT | −0.0017% | 4h | 97.230 | −0.559% | $1.5M | $92K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0008% | 1h | 97.250 | −0.538% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.220 | −0.569% | $338K | $954K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.210 | −0.579% | $147.1M | $371.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.200 | −0.589% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.210 | −0.579% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDCshort | 0.0000% | 1h | 97.240 | −0.548% | $2.2M | $1.4M | 20x | |
| Gate BZ_USDT | 0.0000% | 8h | 97.170 | −0.620% | $9.2M | $12.2M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
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 | 97.210 | −0.579% | $27.5M | $16.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.238 | −0.550% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.226 | −0.563% | $28K | $352K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.240 | −0.548% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.230 | −0.559% | $104K | $237K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.170 | −0.620% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.340 | −0.446% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USDlong | L +0.0011% / S −0.0011% | 1h | 97.776 | long leg | — | — | — | |
| edgeX BZUSDC | +0.0017% | 4h | 97.224 | −0.565% | $223K | $228K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.240 | −0.548% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.261 | −0.527% | $680K | $4.5M | 10x | as long as short |
| Vest BZ-PERP | +0.0034% | 1h | 101.24 | +3.543% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.211 | −0.578% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.246 | −0.542% | $153.0M | $124.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.268 | −0.520% | $1.6M | $491K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.170 | −0.620% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.240 | −0.548% | $3.8M | $870K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.230 | −0.559% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0100% | 1h | 97.261 | −0.527% | $7K | $43K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0142% | 1h | 97.234 | −0.554% | $84K | $207K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0200% / S −0.0061% | 1h | 97.215 | −0.574% | $126K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]