BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0405%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.060%

Price spread now: Injective against GMX−0.911%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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 −$12 a day on $10k at the current rate, and Injective is 0.911% cheaper against GMX than usual: you would sell low and buy high (−$91 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	GMX BRENTOIL/USD [ETH-USDC]	97.025	L +0.0185% / S +0.0030%	pay 0.0023% / 1h	12m 42s	$126K	—	111x
Short	Injective BRENT/USDC PERP	96.141	−0.0220	pay 0.0028% / 1h	12m 42s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −0.911%Rate

Funding earned: −$85.04
Price spread: −0.911% → 0.000%: −$91.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$188.17
Costs to cover: 0.120%
Break-even: never at this rate

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

GMX and 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	96.141	−0.911%	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.036%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0029%	4h	97.030	+0.005%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.982	−0.045%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.990	−0.036%	$146.6M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.980	−0.046%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−0.015%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.989	−0.037%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.960	−0.067%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.030	+0.005%	$27.4M	$16.3M	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	96.936	−0.092%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.970	−0.056%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.050	+0.026%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−0.005%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.960	−0.067%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.020	−0.005%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.577	+0.569%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	96.959	−0.068%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	−0.015%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.018	−0.007%	$675K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0040%	1h	101.08	+4.179%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.006	−0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.999	−0.027%	$151.9M	$125.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.083	+0.060%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.970	−0.057%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	+0.015%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.990	−0.036%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.040	+0.015%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0137%	1h	96.990	−0.036%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0185% / S +0.0030%	1h	97.025	long leg	$126K	—	111x
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.045	+0.020%	$84K	$218K	20x	as long as short