BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.053%

Price spread now: Injective against Deribit−0.789%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 −$7 a day on $10k at the current rate, and Injective is 0.789% cheaper against Deribit than usual: you would sell low and buy high (−$79 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	Deribit BRENTOIL_USDC-PERPETUAL	97.710	0	get 0.0000% / 1h	12m 26s	$100K	$250K	15x
Short	Injective BRENT/USDC PERP	96.939	−0.0220	pay 0.0028% / 1h	12m 26s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now −0.789%Rate

Funding earned: −$46.2
Price spread: −0.789% → 0.000%: −$78.91
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$132.13
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 36 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 Deribit live order book, 36 min ago	0.51 bp	9.1 bp −$9	9.9 bp −$99	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 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 PERPshort	−0.0220%	1h	96.939	−0.789%	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.184%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0030%	4h	97.690	−0.020%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.692	−0.018%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.684	−0.026%	$147.7M	$360.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	−0.020%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.680	−0.031%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	−0.042%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.650	−0.061%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.690	−0.020%	$27.7M	$17.0M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.609	−0.103%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	−0.055%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.010%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	97.710	long leg	$100K	$250K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.123%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	−0.031%	$1.2M	$81K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.707	−0.004%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.219	+0.521%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.617	−0.095%	$225K	$229K	20x	as long as short
Vest BZ-PERP	+0.0015%	1h	101.73	+4.114%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.710	0.000%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	−0.010%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.696	−0.014%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.699	−0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.703	−0.007%	$154.5M	$124.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.725	+0.015%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.670	−0.041%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0070%	1h	97.678	−0.033%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.730	+0.020%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.660	−0.051%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.675	−0.036%	$116K	—	111x	as long as short