Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bitget against Phemex−0.318%7-day average −0.195% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.470%−$47 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.318%, 7d avg −0.195%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.122% cheaper against Phemex than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.195%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 97.560 | 0 | get 0.0000% / 4h | 10m 51s | $1.2M | $86K | 100x |
| Short | Bitget BZUSDT | 97.250 | 0 | get 0.0000% / 4h | 10m 51s | $27.9M | $18.4M | 100x |
Phemex XBRUSDT
Bitget BZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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: −0.318% → −0.195%
- −$12.25
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$36.25
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Bitget: live order book, 3 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 Phemex live order book, 2 min ago | 2.05 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.51 bp | 7.0 bp −$7 | 9.5 bp −$95 | 25.9 bp −$2,594 | 63.4 bp −$31.7K |
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 | 96.342 | −1.248% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0059% | 1h | 97.200 | −0.369% | $100K | $256K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.110 | −0.461% | $236K | $401K | 15x | as long as short |
| BloFin BZ-USDT | −0.0047% | 4h | 97.180 | −0.390% | $1.5M | $98K | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0007% | 1h | 97.120 | −0.451% | $3.1M | $998K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.290 | −0.277% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.239 | −0.329% | $148.3M | $351.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.230 | −0.338% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.200 | −0.369% | $16.1M | $19.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.178 | −0.392% | $2.4M | $1.7M | 20x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Ondo Perps BRENT-USD.P
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.190 | −0.379% | $9.2M | $11.2M | 100x | as long as short |
| Bitget BZUSDTshort | 0.0000% | 4h | 97.250 | −0.318% | $27.9M | $18.4M | 100x | |
| Variational Omni BZ | 0.0000% | 4h | 97.183 | −0.387% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.070 | −0.502% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.220 | −0.349% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.070 | −0.502% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.560 | long leg | $1.2M | $86K | 100x | |
| edgeX BZUSDC | +0.0006% | 4h | 97.124 | −0.447% | $223K | $230K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.22 | +3.752% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.766 | +0.212% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.210 | −0.359% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.271 | −0.296% | $728K | $2.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.194 | −0.375% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.241 | −0.327% | $155.4M | $115.5M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.241 | −0.327% | $1.6M | $405K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0072% | 1h | 97.240 | −0.328% | $34K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.137 | −0.433% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.220 | −0.349% | $3.8M | $802K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.070 | −0.502% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.215 | −0.353% | $82K | $200K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.195 | −0.374% | $115K | — | 111x | as long as short |
Gate BZ_USDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Hotstuff BRENTOIL-PERP
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]