Funding you earn now, next payment 06:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.034%
Price spread now: KuCoin against GMX+0.087%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.087%, 7d avg +0.020%
=The price spread pays, funding is against you. KuCoin is 0.067% dearer against GMX than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.020%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 3 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BRENTOIL/USD [ETH-USDC] | 97.635 | L +0.0328% / S −0.2771% | pay 0.0041% / 1h | 10m 23s | $116K | — | 111x |
| Short | KuCoin BZUSDTM | 97.720 | 0.0100 | get 0.0050% / 4h | 2h 10m | $3.8M | $832K | 50x |
GMX BRENTOIL/USD [ETH-USDC]
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against GMX. 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
- −$47.92
- Price spread: +0.087% → +0.020%
- $6.68
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$65.24
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: 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 GMX no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 2 min ago | 0.51 bp | 15.4 bp −$15 | 41.3 bp −$413 | doesn't fit | doesn't fit |
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 | 96.939 | −0.713% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.530 | −0.108% | $235K | $430K | 15x | as long as short |
| BloFin BZ-USDT | −0.0041% | 4h | 97.680 | +0.046% | $1.5M | $95K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0024% | 1h | 97.720 | +0.087% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.666 | +0.032% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.650 | +0.016% | $147.7M | $359.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.630 | −0.005% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.640 | +0.005% | $16.1M | $20.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.661 | +0.027% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.620 | −0.015% | $9.3M | $11.7M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.690 | +0.056% | $27.7M | $17.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.668 | +0.034% | $9.4M | $7.0M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.656 | +0.021% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.700 | +0.067% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.690 | +0.056% | $100K | $250K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.660 | +0.026% | $280K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.640 | +0.005% | $1.2M | $80K | 100x | as long as short |
| edgeX BZUSDC | +0.0004% | 4h | 97.667 | +0.032% | $225K | $227K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.687 | +0.054% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.171 | +0.549% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0015% | 1h | 101.73 | +4.194% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.710 | +0.077% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.697 | +0.064% | $680K | $3.6M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.702 | +0.069% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.655 | +0.020% | $154.4M | $124.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.710 | +0.077% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | +0.005% | $3.1M | $999K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0073% | 1h | 97.679 | +0.045% | $7K | $42K | 5x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 97.720 | +0.087% | $3.8M | $832K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.710 | +0.077% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | L +0.0328% / S −0.2771% | 1h | 97.635 | long leg | $116K | — | 111x |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
ApeX Omni BZUSDT