BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.082%

Price spread now: Injective against tradeXYZ−1.080%54s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ 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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	tradeXYZ xyz:BRENTOIL	97.191	0.0050	pay 0.0006% / 1h	2m 25s	$152.3M	$125.1M	20x
Short	Injective BRENT/USDC PERP	96.141	−0.0220	pay 0.0028% / 1h	2m 25s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against tradeXYZ. 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 tradeXYZbpFee InjectivebpOrdersPrice spread, now −1.080%Rate

Funding earned: −$56.7
Price spread: −1.080% → 0.000%: −$108.03
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$182.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	0.21 bp	9.3 bp −$9	11.2 bp −$112	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	96.141	−1.080%	$8K	$7K	30x
Hotstuff BRENTOIL-PERP	−0.0152%	1h	97.190	−0.001%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.207%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.140	−0.052%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.173	−0.019%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.174	−0.017%	$147.0M	$372.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.150	−0.042%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.160	−0.032%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.164	−0.028%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	−0.083%	$9.2M	$12.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.180	−0.011%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	−0.108%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.075	−0.119%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.200	+0.009%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.180	−0.011%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−0.197%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.160	−0.032%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.102%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.720	+0.544%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.180	−0.011%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.186	−0.005%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.23	+4.156%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.180	−0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.191	long leg	$152.3M	$125.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.224	+0.034%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.090	−0.104%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.210	+0.020%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.063%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0119%	1h	97.139	−0.054%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0021%	1h	97.175	−0.016%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.208	+0.017%	$84K	$218K	20x	as long as short