Funding you earn now, next payment 03:00 UTC−0.0134%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.022%
Price spread now: tradeXYZ against GMX+0.026%7-day average +0.081% · 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)+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now +0.026%, 7d avg +0.081%
=Together, before fees+0.341%+ Points / potential airdroptradeXYZ: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.055% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.081%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.114%, 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] | 97.005 | L +0.0184% / S +0.0038% | pay 0.0023% / 1h | 21m 39s | $126K | — | 111x |
| Short | tradeXYZ xyz:BRENTOIL | 97.030 | 0.0050 | get 0.0006% / 1h | 21m 39s | $152.0M | $125.2M | 20x |
GMX BRENTOIL/USD [ETH-USDC]
tradeXYZ xyz:BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$28.05
- Price spread: +0.026% → +0.081%
- −$5.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$63.57
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago | 0.21 bp | 9.6 bp −$10 | 10.1 bp −$101 | 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 | 96.164 | −0.867% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.900 | −0.108% | $233K | $431K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.011 | +0.007% | $337K | $984K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.023 | +0.019% | $146.9M | $373.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.990 | −0.015% | $10.3M | $13.2M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.000 | −0.005% | $16.0M | $20.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.010 | +0.005% | $2.3M | $1.3M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.960 | −0.046% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.020 | +0.015% | $27.5M | $16.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.955 | −0.051% | $9.3M | $7.1M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.959 | −0.048% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.020 | +0.015% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.000 | −0.005% | $104K | $244K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.870 | −0.139% | $278K | $268K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.070 | +0.067% | $1.2M | $85K | 100x | as long as short |
| BloFin BZ-USDT | +0.0009% | 4h | 97.020 | +0.015% | $1.5M | $92K | 50x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.552 | +0.564% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0019% | 4h | 96.958 | −0.049% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.030 | +0.026% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.033 | +0.029% | $676K | $4.7M | 10x | as long as short |
| Vest BZ-PERP | +0.0042% | 1h | 101.06 | +4.180% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.022 | +0.018% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOILshort | +0.0050% | 1h | 97.030 | +0.026% | $152.0M | $125.2M | 20x | |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.064 | +0.061% | $1.5M | $444K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.960 | −0.046% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.040 | +0.036% | $3.8M | $873K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.980 | −0.026% | $25K | $274K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0144% | 1h | 97.020 | +0.015% | $33K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0157% | 1h | 96.973 | −0.033% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | L +0.0184% / S +0.0038% | 1h | 97.005 | long leg | $126K | — | 111x | |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 97.023 | +0.018% | $84K | $218K | 20x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
BloFin BZ-USDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Hotstuff BRENTOIL-PERP
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD