Funding you earn now, next payment 07:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.095%
Price spread now: Injective against KuCoin−0.717%85s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 0.717% cheaper against KuCoin than usual: you would sell low and buy high (−$72 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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 | KuCoin BZUSDTM | 97.670 | 0.0100 | pay 0.0050% / 4h | 59m 45s | $3.8M | $812K | 50x |
| Short | Injective BRENT/USDC PERP | 96.970 | −0.0220 | pay 0.0028% / 1h | 59m 45s | $8K | $7K | 30x |
KuCoin BZUSDTM
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$67.2
- Price spread: −0.717% → 0.000%
- −$71.67
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$150.89
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago | 0.51 bp | 15.9 bp −$16 | 42.4 bp −$424 | 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 | 96.970 | −0.717% | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.700 | +0.031% | $237K | $417K | 15x | as long as short |
| BloFin BZ-USDT | −0.0009% | 4h | 97.550 | −0.123% | $1.5M | $96K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.766 | +0.098% | $340K | $880K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.779 | +0.112% | $148.8M | $352.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.780 | +0.113% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.890 | +0.225% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.595 | −0.077% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.680 | +0.010% | $9.3M | $11.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.710 | +0.041% | $27.9M | $17.5M | 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 | 97.538 | −0.135% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.483 | −0.191% | $30K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.630 | −0.041% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.660 | −0.010% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.580 | −0.092% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.670 | 0.000% | $1.2M | $87K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.79 | +4.218% | — | $735K | 10x | as long as short |
| edgeX BZUSDC | +0.0009% | 4h | 97.479 | −0.196% | $225K | $228K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.231 | +0.574% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.730 | +0.061% | $3.3M | $3.9M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.714 | +0.045% | $717K | $3.2M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0040% | 1h | 97.510 | −0.164% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.608 | −0.064% | $3K | $355 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.744 | +0.076% | $155.6M | $115.4M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.685 | +0.015% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.490 | −0.184% | $3.1M | $994K | 15x | as long as short |
| KuCoin BZUSDTMlong | +0.0100% | 4h | 97.670 | long leg | $3.8M | $812K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.510 | −0.164% | $26K | $273K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0107% | 1h | 97.593 | −0.079% | $7K | $41K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.685 | +0.015% | $82K | $204K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.665 | −0.005% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]