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: Deribit against Injective+0.795%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.795% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BRENT/USDC PERP | 96.939 | −0.0220 | get 0.0028% / 1h | 12m 54s | $8K | $7K | 30x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.710 | 0 | get 0.0000% / 1h | 12m 54s | $100K | $250K | 15x |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $46.2
- Price spread: +0.795% → 0.000%
- $79.53
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $118.71
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 36 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 36 min ago | 0.51 bp | 4.0 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
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 PERPlong | −0.0220% | 1h | 96.939 | long leg | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.530 | +0.610% | $235K | $430K | 15x | as long as short |
| BloFin BZ-USDT | −0.0030% | 4h | 97.690 | +0.775% | $1.5M | $95K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.707 | +0.792% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.703 | +0.788% | $147.8M | $360.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.690 | +0.775% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.710 | +0.795% | $16.1M | $20.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.681 | +0.765% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.670 | +0.754% | $9.3M | $11.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.710 | +0.795% | $28.2M | $17.0M | 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 | 97.609 | +0.691% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.656 | +0.740% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.720 | +0.806% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.710 | +0.795% | $100K | $250K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.590 | +0.672% | $280K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.680 | +0.764% | $1.2M | $81K | 100x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.707 | +0.792% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.241 | +1.343% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0014% | 4h | 97.617 | +0.699% | $225K | $229K | 20x | as long as short |
| Vest BZ-PERP | +0.0015% | 1h | 101.73 | +4.942% | — | $735K | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0016% | 1h | 97.710 | +0.795% | $34K | — | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.700 | +0.785% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.699 | +0.784% | $680K | $3.6M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.699 | +0.784% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.723 | +0.809% | $154.5M | $124.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.719 | +0.805% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | +0.723% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0069% | 1h | 97.638 | +0.721% | $7K | $42K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.720 | +0.806% | $3.8M | $832K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.660 | +0.744% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.695 | +0.780% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Vest BZ-PERP
Hotstuff BRENTOIL-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]