BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.091%

Price spread now: Kraken Futures against Injective+0.115%63s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Kraken Futures

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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.115% dearer against Injective than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	Injective BRENT/USDC PERP	95.923	−0.0220	get 0.0028% / 1h	59m 34s	$8K	$7K	30x
Short	Kraken Futures PF_BRENTOILUSD	96.033	0.0158	get 0.0020% / 1h	59m 34s	$81K	$258K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +0.115%Rate

Funding earned: $79.4
Price spread: +0.115% → 0.000%: $11.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $80.86
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 23 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 Kraken Futures live order book, 23 min ago	6.41 bp	19.1 bp −$19	46.3 bp −$463	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 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 −0.0787% / S +0.0479%	1h	96.015	+0.096%	$114K	—	29x	as long as short
Injective BRENT/USDC PERPlong	−0.0220%	1h	95.923	long leg	$8K	$7K	30x
Hotstuff BRENTOIL-PERP	−0.0112%	1h	96.020	+0.101%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.132%	$232K	$859K	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.960	+0.038%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.980	+0.059%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.989	+0.068%	$335K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.995	+0.075%	$145.7M	$490.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.990	+0.070%	$10.2M	$16.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.940	+0.018%	$15.8M	$29.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.930	+0.007%	$9.2M	$17.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.990	+0.070%	$27.5M	$23.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.992	+0.072%	$9.2M	$10.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.930	+0.007%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	+0.112%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.040	+0.122%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	+0.039%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.000	+0.080%	$1.2M	$100K	100x	as long as short
Paradex BZ-USD-PERP	+0.0002%	8h	95.999	+0.079%	$3K	$521	5x	as long as short
edgeX BZUSDC	+0.0014%	4h	95.992	+0.072%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	+0.018%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.940	+0.018%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.302%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.005	+0.085%	$147.9M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.065	+0.148%	$1.5M	$538K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.990	+0.070%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.890	−0.034%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.101%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0158%	1h	96.033	+0.115%	$81K	$258K	20x
Aftermath Perps BRENTUSD	+0.0190%	1h	95.980	+0.060%	$6K	$45K	5x	as long as short