Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Phemex against Gate+0.062%7-day average +0.267% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.554%+$55 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.062%, 7d avg +0.267%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.205% cheaper against Gate than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.267%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BZ_USDT | 97.100 | 0 | get 0.0000% / 8h | 5h 02m | $9.2M | $12.4M | 100x |
| Short | Phemex XBRUSDT | 97.160 | 0 | get 0.0000% / 4h | 1h 02m | $1.2M | $86K | 100x |
Gate BZ_USDT
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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: +0.062% → +0.267%
- −$20.53
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$47.53
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 min ago; Phemex: live order book, 5 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 Gate live order book, 1 min ago | 1.03 bp | 12.2 bp −$12 | 20.4 bp −$204 | 35.2 bp −$3,519 | 48.6 bp −$24.3K |
| Sell Phemex live order book, 5 min ago | 4.12 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 | 96.141 | −0.988% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.990 | −0.113% | $234K | $433K | 15x | as long as short |
| BloFin BZ-USDT | −0.0002% | 4h | 97.140 | +0.041% | $1.5M | $91K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.161 | +0.063% | $337K | $969K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.150 | +0.051% | $147.0M | $372.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.160 | +0.062% | $10.3M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.140 | +0.041% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.207 | +0.110% | $2.3M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 97.230 | +0.134% | $33K | — | 20x | as long as short |
| Gate BZ_USDTlong | 0.0000% | 8h | 97.100 | long leg | $9.2M | $12.4M | 100x |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.170 | +0.072% | $27.4M | $16.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.086 | −0.014% | $9.4M | $7.0M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.075 | −0.025% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.240 | +0.144% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.170 | +0.072% | $104K | $248K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.000 | −0.103% | $278K | $268K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 97.160 | +0.062% | $1.2M | $86K | 100x | |
| edgeX BZUSDC | +0.0002% | 4h | 97.092 | −0.008% | $223K | $228K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.726 | +0.645% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.170 | +0.072% | $3.3M | $4.8M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.158 | +0.060% | $675K | $4.6M | 10x | as long as short |
| Vest BZ-PERP | +0.0039% | 1h | 101.24 | +4.264% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.225 | +0.129% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.162 | +0.064% | $152.3M | $125.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.254 | +0.159% | $1.6M | $444K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.180 | +0.082% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.160 | +0.062% | $3.8M | $871K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.130 | +0.031% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0116% | 1h | 97.102 | +0.002% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0187% / S +0.0022% | 1h | 97.185 | +0.088% | $126K | — | 111x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 97.208 | +0.111% | $84K | $218K | 20x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
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
GMX BRENTOIL/USD [ETH-USDC]
Kraken Futures PF_BRENTOILUSD