Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: Gate against Phemex−0.010%7-day average −0.267% · you buy dearer than you sell
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)−0.142%−$14 · spread now −0.010%, 7d avg −0.267%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.257% dearer against Phemex than usual: you sell high and buy low, +$26 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 | Phemex XBRUSDT | 97.150 | 0 | get 0.0000% / 4h | 1h 00m | $1.2M | $85K | 100x |
| Short | Gate BZ_USDT | 97.140 | 0 | get 0.0000% / 8h | 5h 00m | $9.2M | $12.5M | 100x |
Phemex XBRUSDT
Gate BZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.010% → −0.267%
- $25.68
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1.32
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Gate: 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 | 1.54 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.03 bp | 12.9 bp −$13 | 18.5 bp −$185 | 32.0 bp −$3,200 | 47.7 bp −$23.9K |
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 | −1.039% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.990 | −0.165% | $234K | $433K | 15x | as long as short |
| BloFin BZ-USDT | −0.0028% | 4h | 97.160 | +0.010% | $1.5M | $91K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.188 | +0.040% | $337K | $969K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.220 | +0.072% | $147.1M | $372.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.190 | +0.041% | $10.3M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.210 | +0.062% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.180 | +0.030% | $2.3M | $1.3M | 20x | as long as short |
| Gate BZ_USDTshort | 0.0000% | 8h | 97.140 | −0.010% | $9.2M | $12.5M | 100x | |
| Bitget BZUSDT | 0.0000% | 4h | 97.200 | +0.051% | $27.5M | $16.4M | 100x | as long as short |
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
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.125 | −0.026% | $9.4M | $7.0M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.162 | +0.012% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.190 | +0.041% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.140 | −0.010% | $104K | $248K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.130 | −0.021% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.150 | long leg | $1.2M | $85K | 100x | |
| edgeX BZUSDC | +0.0002% | 4h | 97.092 | −0.060% | $223K | $228K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.684 | +0.550% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.190 | +0.041% | $3.3M | $4.8M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.196 | +0.047% | $675K | $4.6M | 10x | as long as short |
| Vest BZ-PERP | +0.0039% | 1h | 101.21 | +4.179% | — | $735K | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0040% | 1h | 97.200 | +0.051% | $33K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.175 | +0.026% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.207 | +0.059% | $152.4M | $125.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.218 | +0.070% | $1.5M | $444K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.060 | −0.093% | $3.1M | $1.0M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.210 | +0.062% | $3.8M | $870K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.130 | −0.021% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0119% | 1h | 97.145 | −0.005% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0187% / S +0.0020% | 1h | 97.145 | −0.005% | $126K | — | 111x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 97.166 | +0.017% | $84K | $218K | 20x | as long as short |
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
Hotstuff BRENTOIL-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