Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Phemex against Bybit+0.093%7-day average +0.208% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.539%+$54 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.093%, 7d avg +0.208%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.116% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.208%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 97.230 | 0 | get 0.0000% / 8h | 4h 35m | $10.4M | $13.1M | 100x |
| Short | Phemex XBRUSDT | 97.320 | 0 | get 0.0000% / 4h | 35m 39s | $1.2M | $84K | 100x |
Bybit BZUSDT
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: +0.093% → +0.208%
- −$11.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$34.58
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Phemex: live order book, 2 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 Bybit live order book, 3 min ago | 0.51 bp | 7.7 bp −$8 | 10.4 bp −$104 | 104.0 bp −$10.4K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 10.78 bp | doesn't fit | doesn't fit | doesn't fit | 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 | 96.571 | −0.678% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.240 | +0.010% | $234K | $437K | 15x | as long as short |
| BloFin BZ-USDT | −0.0009% | 4h | 97.220 | −0.010% | $1.5M | $92K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.225 | −0.005% | $338K | $954K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.240 | +0.010% | $147.1M | $371.4M | 100x | as long as short |
| Bybit BZUSDTlong | 0.0000% | 8h | 97.230 | long leg | $10.4M | $13.1M | 100x | |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.240 | +0.010% | $16.0M | $20.4M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.231 | +0.001% | $2.2M | $1.4M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.200 | −0.031% | $9.2M | $12.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.230 | 0.000% | $27.5M | $16.3M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
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 | 97.238 | +0.008% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.319 | +0.092% | $28K | $352K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.280 | +0.051% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.270 | +0.041% | $104K | $237K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.190 | −0.041% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 97.320 | +0.093% | $1.2M | $84K | 100x | |
| edgeX BZUSDC | +0.0009% | 4h | 97.250 | +0.021% | $223K | $227K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.809 | +0.595% | — | — | — | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0016% | 1h | 97.300 | +0.072% | $34K | — | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.250 | +0.021% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.247 | +0.017% | $680K | $4.5M | 10x | as long as short |
| Vest BZ-PERP | +0.0034% | 1h | 101.28 | +4.165% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.237 | +0.007% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.277 | +0.048% | $153.0M | $124.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.308 | +0.080% | $1.6M | $491K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.180 | −0.051% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.270 | +0.041% | $3.8M | $871K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.180 | −0.051% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0101% | 1h | 97.279 | +0.050% | $7K | $43K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0142% | 1h | 97.262 | +0.033% | $84K | $207K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0200% / S −0.0061% | 1h | 97.255 | +0.026% | $126K | — | 111x | 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
Hotstuff BRENTOIL-PERP
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-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
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]