Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Phemex against OKX+0.021%7-day average +0.221% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.456%+$46 on $10k
+Price spread, last 3 days (all we have)+0.264%+$26 · spread now +0.021%, 7d avg +0.221%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.200% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.221%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BZ-USDT-SWAP | 97.010 | 0 | get 0.0000% / 4h | 1h 51m | $15.9M | $20.8M | 50x |
| Short | Phemex XBRUSDT | 97.030 | 0 | get 0.0000% / 4h | 1h 51m | $1.2M | $84K | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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: +0.021% → +0.221%
- −$19.99
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.99
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Phemex: 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 OKX live order book, 2 min ago | 0.52 bp | 6.6 bp −$7 | 9.5 bp −$95 | 30.0 bp −$2,997 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.06 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BZ on 30 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 | 96.207 | −0.828% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | −0.206% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.035 | +0.026% | $337K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.030 | +0.021% | $146.7M | $375.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.000 | −0.010% | $10.3M | $13.4M | 100x | as long as short |
| OKX BZ-USDT-SWAPlong | 0.0000% | 4h | 97.010 | long leg | $15.9M | $20.8M | 50x | |
| RISEx BZ/USDC | 0.0000% | 1h | 97.041 | +0.032% | $2.3M | $1.3M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.980 | −0.031% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.020 | +0.010% | $27.4M | $16.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.006 | −0.004% | $9.4M | $7.1M | — | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.921 | −0.091% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.060 | +0.052% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.040 | +0.031% | $104K | $238K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.990 | −0.021% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 97.030 | +0.021% | $1.2M | $84K | 100x | |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.569 | +0.576% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 96.887 | −0.127% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.020 | +0.010% | $3.3M | $4.5M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.028 | +0.018% | $677K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 101.09 | +4.206% | — | $735K | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0048% | 1h | 97.030 | +0.021% | $33K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 97.046 | +0.037% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.040 | +0.031% | $152.0M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.104 | +0.097% | $1.5M | $446K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.980 | −0.031% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.090 | +0.082% | $3.8M | $876K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.970 | −0.041% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0180% / S +0.0062% | 1h | 97.025 | +0.015% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0198% | 1h | 96.948 | −0.064% | $7K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 97.048 | +0.039% | $84K | $218K | 20x | as long as short |
OKX BZ-USDT-SWAP
Phemex XBRUSDT
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD