BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.032%

Price spread now: GMX against tradeXYZ−0.110%7-day average −0.081% · you buy dearer than you sell

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

Long on tradeXYZ Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.110%, 7d avg −0.081%

Together, before fees−0.160%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.029% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.042	0.0050	pay 0.0006% / 1h	23m 35s	$152.0M	$125.1M	20x
Short	GMX BRENTOIL/USD [ETH-USDC]	96.935	L +0.0183% / S +0.0040%	pay 0.0005% / 1h	23m 35s	$126K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against tradeXYZ. 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 tradeXYZbpFee GMXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$18.83
Price spread: −0.110% → −0.081%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GMX: 6 bp × 2 orders: −$12
Net: −$51.76
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; GMX: no order-book sample. 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 tradeXYZ live order book, 5 min ago	0.21 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.905%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.146%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.022	−0.020%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.020	−0.023%	$146.9M	$373.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.054%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.000	−0.043%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.001	−0.042%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.960	−0.084%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−0.023%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.955	−0.090%	$9.3M	$7.1M	—	as long as short

Show 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	−0.086%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.115%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.095%	$103K	$244K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.177%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.115%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.479	+0.450%	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	96.958	−0.087%	$222K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0024%	4h	96.980	−0.064%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.030	−0.012%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.028	−0.014%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0042%	1h	101.05	+4.130%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.013	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.042	long leg	$152.0M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.067	+0.026%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.115%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	−0.002%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.980	−0.064%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.040	−0.002%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0162%	1h	96.951	−0.093%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0183% / S +0.0040%	1h	96.935	−0.110%	$126K	—	111x
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.940	−0.106%	$83K	$218K	20x	as long as short