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: OKX against Phemex−0.051%7-day average −0.215% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.456%−$46 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now −0.051%, 7d avg −0.215%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.163% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.215%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 97.530 | 0 | get 0.0000% / 4h | 3h 04m | $1.2M | $82K | 100x |
| Short | OKX BZ-USDT-SWAP | 97.480 | 0 | get 0.0000% / 4h | 3h 04m | $16.1M | $20.5M | 50x |
Phemex XBRUSDT
OKX BZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.051% → −0.215%
- $16.33
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$5.67
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 1.03 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.51 bp | 5.8 bp −$6 | 9.6 bp −$96 | 28.3 bp −$2,833 | doesn't fit |
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 | 96.536 | −1.019% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.460 | −0.072% | $237K | $443K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.488 | −0.043% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.491 | −0.040% | $147.4M | $366.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.500 | −0.031% | $10.4M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAPshort | 0.0000% | 4h | 97.480 | −0.051% | $16.1M | $20.5M | 50x | |
| RISEx BZ/USDC | 0.0000% | 1h | 97.471 | −0.060% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.460 | −0.072% | $9.2M | $12.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.490 | −0.041% | $28.0M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.468 | −0.064% | $9.3M | $6.9M | — | as long as short |
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 BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.490 | −0.041% | $26K | $314K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.510 | −0.021% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.500 | −0.031% | $101K | $249K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.460 | −0.072% | $280K | $267K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.530 | long leg | $1.2M | $82K | 100x | |
| edgeX BZUSDC | +0.0010% | 4h | 97.467 | −0.065% | $224K | $227K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.042 | +0.525% | — | — | — | as long as short |
| BloFin BZ-USDT | +0.0022% | 4h | 97.490 | −0.041% | $1.5M | $97K | 50x | as long as short |
| Vest BZ-PERP | +0.0023% | 1h | 101.55 | +4.122% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.500 | −0.031% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.509 | −0.021% | $680K | $3.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.494 | −0.037% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.503 | −0.028% | $153.8M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.517 | −0.013% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.450 | −0.082% | $3.1M | $1.0M | 15x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.480 | −0.051% | $82K | $208K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0077% | 1h | 97.461 | −0.071% | $7K | $42K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.570 | +0.041% | $3.8M | $849K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.480 | −0.051% | $26K | $274K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0104% | 1h | 97.500 | −0.031% | $34K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0276% / S −0.1799% | 1h | 97.485 | −0.046% | $115K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
BloFin BZ-USDT
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]