Funding you earn now, next payment 05:00 UTC−0.0316%/8h= −34.6% APRnext payment −$0.40 per $10,000 · paid last 24h −0.072%
Price spread now: Injective against Hotstuff−0.958%45s7-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 −$9 a day on $10k at the current rate, and Injective is 0.958% cheaper against Hotstuff than usual: you would sell low and buy high (−$96 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BRENTOIL-PERP | 97.470 | 0.0096 | pay 0.0012% / 1h | 0m 04s | $34K | — | 20x |
| Short | Injective BRENT/USDC PERP | 96.536 | −0.0220 | pay 0.0028% / 1h | 0m 04s | $8K | $7K | 30x |
Hotstuff BRENTOIL-PERP
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Hotstuff. 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
- −$66.36
- Price spread: −0.958% → 0.000%
- −$95.82
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$167.2
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Hotstuff 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 | 96.536 | −0.958% | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.460 | −0.010% | $237K | $443K | 15x | as long as short |
| BloFin BZ-USDT | −0.0010% | 4h | 97.450 | −0.021% | $1.5M | $97K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.467 | −0.003% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.470 | 0.000% | $147.4M | $366.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.470 | 0.000% | $10.4M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.470 | 0.000% | $16.1M | $20.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.432 | −0.039% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.440 | −0.031% | $9.2M | $12.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.480 | +0.010% | $28.0M | $16.6M | 100x | as long as short |
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.418 | −0.053% | $9.3M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.481 | +0.011% | $26K | $314K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.490 | +0.021% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.480 | +0.010% | $101K | $249K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.420 | −0.051% | $280K | $264K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.510 | +0.041% | $1.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.019 | +0.564% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0019% | 4h | 97.475 | +0.005% | $224K | $228K | 20x | as long as short |
| Vest BZ-PERP | +0.0022% | 1h | 101.52 | +4.155% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.480 | +0.010% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.483 | +0.013% | $680K | $3.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.447 | −0.024% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.495 | +0.026% | $153.8M | $125.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.480 | +0.010% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.410 | −0.062% | $3.1M | $1.0M | 15x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.480 | +0.010% | $82K | $208K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0073% | 1h | 97.478 | +0.008% | $7K | $42K | 5x | as long as short |
| Hotstuff BRENTOIL-PERPlong | +0.0096% | 1h | 97.470 | long leg | $34K | — | 20x | |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.540 | +0.072% | $3.8M | $843K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.480 | +0.010% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0281% / S −0.1910% | 1h | 97.455 | −0.015% | $115K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]