Funding you earn now, next payment 00:00 UTC−0.0412%/8h= −45.1% APRnext payment −$0.52 per $10,000 · paid last 24h −0.064%
Price spread now: Injective against Extended−0.664%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 0.664% cheaper against Extended than usual: you would sell low and buy high (−$66 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 | Extended XBR-USD | 96.006 | 0.0192 | pay 0.0024% / 1h | 46m 57s | $671K | $5.2M | 10x |
| Short | Injective BRENT/USDC PERP | 95.369 | −0.0220 | pay 0.0028% / 1h | 46m 57s | $8K | $7K | 30x |
Extended XBR-USD
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$86.52
- Price spread: −0.664% → 0.000%
- −$66.37
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$157.91
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago | 0.42 bp | 3.3 bp −$3 | 19.2 bp −$192 | 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 | −0.033% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERPshort | −0.0220% | 1h | 95.369 | −0.664% | $8K | $7K | 30x | |
| tradeXYZ xyz:BRENTOIL | −0.0163% | 1h | 96.016 | +0.010% | $147.7M | $143.8M | 20x | as long as short |
| BloFin BZ-USDT | −0.0045% | 4h | 95.960 | −0.048% | $1.5M | $95K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.060 | +0.056% | $232K | $577K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 95.980 | −0.027% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.096 | +0.094% | $334K | $1.4M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 95.980 | −0.027% | $145.7M | $469.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 95.980 | −0.027% | $10.4M | $16.0M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 95.970 | −0.038% | $15.8M | $26.9M | 50x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
tradeXYZ xyz:BRENTOIL
BloFin BZ-USDT
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAPShow 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 | +0.025% | $33K | — | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 95.930 | −0.079% | $9.2M | $16.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 95.980 | −0.027% | $27.4M | $21.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 95.963 | −0.045% | $9.3M | $8.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 95.970 | −0.038% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.000 | −0.006% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.010 | +0.004% | $102K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.940 | −0.069% | $305K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 95.980 | −0.027% | $1.2M | $96K | 100x | as long as short |
| edgeX BZUSDC | +0.0002% | 4h | 95.954 | −0.054% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0012% | 8h | 95.955 | −0.054% | $3K | $521 | 5x | as long as short |
| Aftermath Perps BRENTUSD | +0.0029% | 1h | 96.054 | +0.050% | $6K | $45K | 5x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.000 | −0.006% | $3.3M | $4.3M | 20x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.710 | +3.858% | — | $735K | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.056 | +0.052% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 95.930 | −0.079% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 95.980 | −0.027% | $3.7M | $991K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 95.970 | −0.038% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.020 | +0.014% | $81K | $235K | 20x | as long as short |
| Extended XBR-USDlong | +0.0192% | 1h | 96.006 | long leg | $671K | $5.2M | 10x |
Hotstuff BRENTOIL-PERP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Paradex BZ-USD-PERP
Aftermath Perps BRENTUSD
Lighter BRENTOIL
Vest BZ-PERP
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD