Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%
Price spread now: Deribit against Phemex−0.031%7-day average −0.203% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.721%−$72 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now −0.031%, 7d avg −0.203%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.172% dearer against Phemex than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.203%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 97.250 | 0 | get 0.0000% / 4h | 37m 45s | $1.2M | $85K | 100x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.220 | 0 | get 0.0000% / 1h | 37m 45s | $104K | $237K | 15x |
Phemex XBRUSDT
Deribit BRENTOIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phemex. 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: −0.031% → −0.203%
- $17.21
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1.79
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Deribit: live order book, 21 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 Phemex live order book, 5 min ago | 14.88 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 0.51 bp | 4.0 bp −$4 | 5.6 bp −$56 | 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 | 96.376 | −0.899% | $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 | −0.0051% | 4h | 97.180 | −0.072% | $1.5M | $92K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0040% | 1h | 97.270 | +0.021% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.220 | −0.031% | $338K | $954K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.220 | −0.031% | $147.0M | $371.5M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.200 | −0.051% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.210 | −0.041% | $16.0M | $20.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.241 | −0.009% | $2.2M | $1.4M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.160 | −0.093% | $9.2M | $12.2M | 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 | 97.210 | −0.041% | $27.5M | $16.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.307 | +0.059% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.319 | +0.071% | $28K | $352K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.230 | −0.021% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.220 | −0.031% | $104K | $237K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.190 | −0.062% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.250 | long leg | $1.2M | $85K | 100x | |
| edgeX BZUSDC | +0.0001% | 4h | 97.311 | +0.063% | $223K | $226K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.763 | +0.528% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.220 | −0.031% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.235 | −0.015% | $678K | $4.5M | 10x | as long as short |
| Vest BZ-PERP | +0.0034% | 1h | 101.25 | +4.113% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.244 | −0.006% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.261 | +0.011% | $153.0M | $124.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.278 | +0.029% | $1.6M | $491K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.170 | −0.082% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.240 | −0.010% | $3.8M | $871K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.330 | +0.082% | $26K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0101% | 1h | 97.292 | +0.043% | $7K | $43K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0142% | 1h | 97.242 | −0.008% | $84K | $207K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0189% / S +0.0009% | 1h | 97.215 | −0.036% | $126K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
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]