BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1046%/8h= +114.6% APRnext payment +$1.31 per $10,000 · paid last 24h −0.012%

Price spread now: GMX against RISEx+0.015%7-day average −0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.015%, 7d avg −0.031%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and GMX is 0.046% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 3 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.160% in total (about -17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.481	0	get 0.0000% / 1h	38m 56s	$2.4M	$1.7M	20x
Short	GMX BRENTOIL/USD [ETH-USDC]	97.495	L +0.0240% / S −0.1046%	get 0.0131% / 1h	38m 56s	$115K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee GMXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $219.73
Price spread: +0.015% → −0.031%: $4.61
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $206.34
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: RISEx: live order book, 5 min ago; GMX: no order-book sample. 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 RISEx live order book, 5 min ago	1.23 bp	4.2 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	96.333	−1.177%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.216%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	97.460	−0.021%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.477	−0.003%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.421	−0.061%	$147.6M	$367.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.420	−0.062%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.420	−0.062%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.481	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.400	−0.083%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.420	−0.062%	$28.0M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.458	−0.023%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.462	−0.019%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.510	+0.030%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	+0.020%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.165%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.460	−0.021%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	−0.055%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.048	+0.582%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.55	+4.175%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.450	−0.031%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.433	−0.049%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.497	+0.017%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.455	−0.026%	$153.9M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.531	+0.052%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.031%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.506	+0.026%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.530	+0.051%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.490	+0.010%	$3.8M	$860K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−0.113%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.413	−0.069%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0240% / S −0.1046%	1h	97.495	+0.015%	$115K	—	111x