BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.041%

Price spread now: Injective against Coinbase International−0.755%64s7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 −$4 a day on $10k at the current rate, and Injective is 0.755% cheaper against Coinbase International than usual: you would sell low and buy high (−$75 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 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	Coinbase International BRENTOIL-PERP-INTX	97.270	−0.0088	get 0.0011% / 1h	16m 13s	$233K	$439K	15x
Short	Injective BRENT/USDC PERP	96.536	−0.0220	pay 0.0028% / 1h	16m 13s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now −0.755%Rate

Funding earned: −$27.72
Price spread: −0.755% → 0.000%: −$75.46
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$113.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 37 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 Coinbase International live order book, 37 min ago	1.54 bp	6.9 bp −$7	9.7 bp −$97	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	96.536	−0.755%	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTXlong	−0.0088%	1h	97.270	long leg	$233K	$439K	15x
Aster BZUSDT	0.0000%	4h	97.360	+0.093%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.360	+0.093%	$147.3M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.360	+0.093%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.350	+0.082%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.338	+0.070%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.340	+0.072%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.350	+0.082%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.278	+0.008%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.297	+0.027%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.370	+0.103%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.380	+0.113%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	+0.051%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	+0.257%	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.903	+0.651%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	97.273	+0.003%	$223K	$227K	20x	as long as short
Vest BZ-PERP	+0.0026%	1h	101.41	+4.256%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.360	+0.093%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.366	+0.099%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.359	+0.091%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.385	+0.118%	$153.8M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.392	+0.125%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.300	+0.031%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0055%	4h	97.390	+0.123%	$1.5M	$92K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.376	+0.109%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0094%	1h	97.361	+0.094%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.380	+0.113%	$3.8M	$851K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	+0.093%	$26K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0216%	1h	97.370	+0.103%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0264% / S −0.1554%	1h	97.355	+0.087%	$115K	—	111x	as long as short