Funding you earn now, next payment 12:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.015%
Price spread now: edgeX against Phemex−0.302%78s7-day average −0.229% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.302%, 7d avg −0.229%
=Together, before fees−0.356%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.073% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.229%. The two prices were read 78 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 | Phemex XBRUSDT | 94.320 | 0 | get 0.0000% / 4h | 55m 58s | $1.2M | $91K | 100x |
| Short | edgeX BZUSDC | 94.035 | −0.0007 | pay 0.0003% / 4h | 55m 58s | $216K | $230K | 20x |
Phemex XBRUSDT
edgeX BZUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$1.42
- Price spread: −0.302% → −0.229%
- −$7.3
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$29.72
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; edgeX: live order book, 49 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, 5 min ago | 4.78 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 49 min ago | 10.62 bp | 15.2 bp −$15 | 16.5 bp −$165 | 66.5 bp −$6,653 | doesn't fit |
BZ on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx BZ/USDC | −0.0384% | 1h | 94.234 | −0.091% | $2.2M | $2.6M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0337% | 1h | 94.251 | −0.073% | $106K | $276K | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0280% | 1h | 94.290 | −0.032% | $29K | $386K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0080% | 1h | 94.150 | −0.180% | $246K | $1.0M | 15x | as long as short |
| Bybit BZUSDT | −0.0060% | 8h | 94.400 | +0.085% | $10.5M | $17.4M | 100x | as long as short |
| Binance BZUSDT | −0.0021% | 4h | 94.442 | +0.130% | $145.7M | $465.9M | 100x | as long as short |
| BloFin BZ-USDT | −0.0011% | 4h | 94.250 | −0.074% | $1.5M | $123K | 50x | as long as short |
| GRVT BZ_USDT_Perp | −0.0010% | 4h | 93.888 | −0.458% | $15K | $307K | 25x | as long as short |
| edgeX BZUSDCshort | −0.0007% | 4h | 94.035 | −0.302% | $216K | $230K | 20x | |
| OKX BZ-USDT-SWAP | −0.0003% | 4h | 94.380 | +0.064% | $15.8M | $28.6M | 50x | as long as short |
RISEx BZ/USDC
Kraken Futures PF_BRENTOILUSD
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
Bybit BZUSDT
Binance BZUSDT
BloFin BZ-USDT
GRVT BZ_USDT_Perp
OKX BZ-USDT-SWAPShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BZUSDT | 0.0000% | 4h | 94.450 | +0.138% | $324K | $634K | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 94.390 | +0.074% | $8.8M | $12.9M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 94.470 | +0.159% | $27.4M | $30.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 93.850 | −0.498% | $8.9M | $6.7M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 94.300 | −0.021% | $4K | $1.6M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 94.120 | −0.212% | $241K | $312K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 94.320 | long leg | $1.2M | $91K | 100x | |
| Aftermath Perps BRENTUSD | +0.0008% | 1h | 94.076 | −0.259% | $7K | $37K | 5x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 94.801 | +0.510% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0018% | 1h | 97.910 | +3.806% | — | $736K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 94.330 | +0.011% | $3.4M | $5.6M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 94.445 | +0.133% | $753K | $3.9M | 10x | as long as short |
| Injective BRENT/USDC PERP | +0.0033% | 1h | 94.836 | +0.547% | $8K | $7K | 30x | as long as short |
| Paradex BZ-USD-PERP | +0.0037% | 8h | 94.270 | −0.053% | $2K | $2K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 94.423 | +0.109% | $139.3M | $184.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 94.276 | −0.047% | $1.5M | $495K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 94.220 | −0.106% | $3.0M | $1.2M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 94.380 | +0.064% | $3.4M | $1.1M | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 93.870 | −0.477% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0165% / S −0.0429% | 1h | 94.265 | −0.058% | $22K | — | 111x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0504% | 1h | 94.280 | −0.042% | $32K | — | 20x | as long as short |
Aster BZUSDT
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Aftermath Perps BRENTUSD
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Injective BRENT/USDC PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Hotstuff BRENTOIL-PERP