BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h 0.000%

Price spread now: GMX against Vest−3.974%7-day average −3.151% · you buy dearer than you sell

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

Long on Vest Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −3.974%, 7d avg −3.151%

Together, before fees+0.216%+ Points / potential airdropVest: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.823% cheaper against Vest than usual: you would sell low and buy high (spread −3.974% now, against its 7-day average of −3.151%). If the spread goes back, that is −$82 on $10k: about 9.3 days of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.075% in total) that is about 37 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.53	0.0029	pay 0.0004% / 1h	40m 04s	—	$735K	10x
Short	GMX BRENTOIL/USD [ETH-USDC]	97.495	L +0.0239% / S −0.0325%	get 0.0041% / 1h	40m 04s	$127K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee GMXbpOrdersPrice spread, now −3.974%Rate

Funding earned: $62.1
Price spread: −3.974% → −3.151%: −$82.28
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GMX: 6 bp × 2 orders: −$12
Net: −$34.19
Costs to cover: 0.140%
Break-even: 10.9 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Vest and 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	96.333	−5.119%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−4.196%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.488	−3.982%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	−3.969%	$147.7M	$367.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.490	−3.979%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.500	−3.969%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.480	−3.989%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.470	−3.999%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	−3.979%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.458	−4.011%	$9.3M	$6.9M	—	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	97.370	−4.097%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	−3.950%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	−3.959%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−4.147%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.510	−3.959%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.440	−4.028%	$1.5M	$92K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.053	−3.425%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.366	−4.101%	$223K	$226K	20x	as long as short
Vest BZ-PERPlong	+0.0029%	1h	101.53	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.500	−3.969%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.514	−3.955%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.489	−3.981%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.530	−3.940%	$153.9M	$126.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.529	−3.941%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−4.028%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.502	−3.968%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.510	−3.959%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	−3.920%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−4.097%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.393	−4.075%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]short	L +0.0239% / S −0.0325%	1h	97.495	−3.974%	$127K	—	111x