BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.044%

Price spread now: Injective against Coinbase International−0.719%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.719% cheaper against Coinbase International than usual: you would sell low and buy high (−$72 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	96.060	−0.0040	get 0.0005% / 1h	47m 21s	$232K	$577K	15x
Short	Injective BRENT/USDC PERP	95.369	−0.0220	pay 0.0028% / 1h	47m 21s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. 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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now −0.719%Rate

Funding earned: −$37.8
Price spread: −0.719% → 0.000%: −$71.93
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$119.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 31 min ago; Injective: 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 Coinbase International live order book, 31 min ago	1.56 bp	6.7 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	95.975	−0.088%	$120K	—	111x	as long as short
Injective BRENT/USDC PERPshort	−0.0220%	1h	95.369	−0.719%	$8K	$7K	30x
tradeXYZ xyz:BRENTOIL	−0.0160%	1h	96.018	−0.044%	$147.7M	$143.8M	20x	as long as short
BloFin BZ-USDT	−0.0045%	4h	95.960	−0.104%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0040%	1h	96.060	long leg	$232K	$577K	15x
RISEx BZ/USDC	−0.0020%	1h	95.980	−0.083%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.097	+0.038%	$334K	$1.4M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.980	−0.083%	$145.7M	$469.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.980	−0.083%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.970	−0.094%	$15.8M	$26.9M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.030	−0.031%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.940	−0.125%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.980	−0.083%	$27.4M	$21.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.101%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	−0.094%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.000	−0.062%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.010	−0.052%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.125%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.980	−0.083%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.954	−0.110%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0012%	8h	95.955	−0.110%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	96.054	−0.006%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.000	−0.062%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.710	+3.800%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.056	−0.004%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.135%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.990	−0.073%	$3.7M	$991K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.970	−0.094%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.020	−0.042%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0192%	1h	96.006	−0.056%	$671K	$5.2M	10x	as long as short