Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.014%
Price spread now: Phemex against edgeX+0.284%78s7-day average +0.233% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.284%, 7d avg +0.233%
=Together, before fees+0.422%+ Points / potential airdropedgeX: Active · farm board+$42 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: Phemex is 0.051% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.233%. 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 | edgeX BZUSDC | 97.124 | 0.0006 | pay 0.0003% / 4h | 10m 07s | $223K | $230K | 20x |
| Short | Phemex XBRUSDT | 97.400 | 0 | get 0.0000% / 4h | 10m 07s | $1.2M | $86K | 100x |
edgeX BZUSDC
Phemex XBRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$1.29
- Price spread: +0.284% → +0.233%
- $5.14
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$17.16
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 27 min ago; Phemex: 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 edgeX live order book, 27 min ago | 10.27 bp | 14.8 bp −$15 | 15.6 bp −$156 | 59.8 bp −$5,978 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.05 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 | 96.342 | −0.805% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0161% | 1h | 97.210 | +0.088% | $100K | $256K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.110 | −0.014% | $236K | $401K | 15x | as long as short |
| BloFin BZ-USDT | −0.0047% | 4h | 97.180 | +0.058% | $1.5M | $98K | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0009% | 1h | 97.130 | +0.006% | $3.1M | $999K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.251 | +0.131% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.201 | +0.080% | $148.3M | $350.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.190 | +0.068% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.200 | +0.078% | $16.1M | $19.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.187 | +0.065% | $2.4M | $1.7M | 20x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Ondo Perps BRENT-USD.P
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.210 | +0.088% | $9.2M | $11.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.250 | +0.130% | $27.9M | $18.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.183 | +0.061% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.070 | −0.056% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.210 | +0.088% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.070 | −0.056% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDTshort | 0.0000% | 4h | 97.400 | +0.284% | $1.2M | $86K | 100x | |
| edgeX BZUSDClong | +0.0006% | 4h | 97.124 | long leg | $223K | $230K | 20x | |
| Vest BZ-PERP | +0.0010% | 1h | 101.26 | +4.258% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.778 | +0.673% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.220 | +0.099% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.242 | +0.122% | $730K | $2.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.219 | +0.097% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.282 | +0.163% | $155.5M | $115.5M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.266 | +0.146% | $1.6M | $405K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0082% | 1h | 97.162 | +0.039% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.200 | +0.078% | $3.8M | $802K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.070 | −0.056% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.208 | +0.086% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0200% | 1h | 97.260 | +0.140% | $34K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.205 | +0.083% | $115K | — | 111x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]