BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Kraken Futures against gTrade (Gains Network)−0.549%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.549% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$55 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	98.169	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	7m 40s	—	—	—
Short	Kraken Futures PF_BRENTOILUSD	97.630	0.0009	get 0.0001% / 1h	7m 40s	$82K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now −0.549%Rate

Funding earned: −$0.44
Price spread: −0.549% → 0.000%: −$54.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$75.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 40 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 40 min ago	5.43 bp	22.3 bp −$22	38.0 bp −$380	doesn't fit	doesn't fit

gTrade (Gains Network): 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	96.939	−1.253%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.651%	$235K	$426K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.640	−0.539%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.579	−0.601%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.566	−0.614%	$147.6M	$358.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.550	−0.630%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.550	−0.630%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.526	−0.655%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.520	−0.661%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.540	−0.641%	$27.7M	$17.3M	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	97.668	−0.510%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	−0.491%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	−0.528%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	−0.559%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	−0.549%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	−0.569%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0009%	1h	97.630	−0.549%	$82K	$208K	20x
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	98.169	long leg	—	—	—
Vest BZ-PERP	+0.0015%	1h	101.65	+3.546%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	−0.512%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	−0.559%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.641%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.563	−0.617%	$681K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.546	−0.634%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.577	−0.603%	$154.3M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.641	−0.538%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.540	−0.641%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.632	−0.547%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.620	−0.559%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	−0.488%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	−0.554%	$116K	—	111x	as long as short