BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0329%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h +0.003%

Price spread now: RISEx against GMX−0.033%7-day average +0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.247%+$25 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.033%, 7d avg +0.030%

Together, before fees+0.411%+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and RISEx is 0.063% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.247%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRENTOIL/USD [ETH-USDC]	97.845	L +0.0329% / S −0.2771%	pay 0.0041% / 1h	57m 01s	$116K	—	111x
Short	RISEx BZ/USDC	97.813	0	get 0.0000% / 1h	57m 01s	$2.4M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee RISExbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$69.11
Price spread: −0.033% → +0.030%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$93.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell RISEx live order book, 2 min ago	1.64 bp	4.6 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

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	97.155	−0.705%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.148%	$237K	$415K	15x	as long as short
BloFin BZ-USDT	−0.0018%	4h	97.830	−0.015%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.816	−0.029%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.820	−0.026%	$148.7M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.830	−0.015%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.810	−0.036%	$16.1M	$19.8M	50x	as long as short
RISEx BZ/USDCshort	0.0000%	1h	97.813	−0.033%	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.790	−0.056%	$9.3M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.810	−0.036%	$28.0M	$18.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.538	−0.314%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.523	−0.329%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.830	−0.015%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.800	−0.046%	$100K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.580	−0.271%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.820	−0.026%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	102.01	+4.257%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.388	+0.555%	—	—	—	as long as short
edgeX BZUSDC	+0.0011%	4h	97.780	−0.067%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.810	−0.036%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.799	−0.047%	$722K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.840	−0.005%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.812	−0.034%	$3K	$355	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.829	−0.016%	$155.7M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.919	+0.076%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.097%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.790	−0.056%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.291%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.666	−0.183%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0112%	1h	97.861	+0.016%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0329% / S −0.2771%	1h	97.845	long leg	$116K	—	111x