BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.088%

Price spread now: Injective against Kraken Futures−0.862%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Injective

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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.862% cheaper against Kraken Futures than usual: you would sell low and buy high (−$86 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	Kraken Futures PF_BRENTOILUSD	96.501	0.0020	pay 0.0002% / 1h	28m 59s	$83K	$235K	20x
Short	Injective BRENT/USDC PERP	95.669	−0.0220	pay 0.0028% / 1h	28m 59s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −0.862%Rate

Funding earned: −$50.35
Price spread: −0.862% → 0.000%: −$86.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$146.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 44 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 Kraken Futures live order book, 44 min ago	4.83 bp	21.2 bp −$21	25.1 bp −$251	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 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	95.669	−0.862%	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.447%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.475	−0.027%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0045%	4h	96.450	−0.053%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.491	−0.011%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.462	−0.041%	$145.5M	$424.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.460	−0.043%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.460	−0.043%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.476	−0.026%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.500	−0.001%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.420	−0.084%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.480	−0.022%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.430	−0.074%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.442	−0.062%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.510	+0.009%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.500	−0.001%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.094%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.480	−0.022%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.424	−0.080%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.007	+0.524%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0020%	1h	96.501	long leg	$83K	$235K	20x
Ondo Perps BRENT-USD.P	+0.0031%	1h	96.410	−0.094%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.480	−0.022%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.479	−0.023%	$747K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.477	−0.025%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.55	+4.196%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.501	0.000%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.539	+0.039%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.510	+0.009%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	−0.012%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0437%	1h	96.466	−0.037%	$7K	$45K	5x	as long as short