Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.069%
Price spread now: Injective against gTrade (Gains Network)−1.259%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (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 1.259% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$126 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 | gTrade (Gains Network) BRENT/USD | 97.295 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 34m 34s | — | — | — |
| Short | Injective BRENT/USDC PERP | 96.070 | −0.0220 | pay 0.0028% / 1h | 34m 34s | $8K | $7K | 30x |
gTrade (Gains Network) BRENT/USD
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against gTrade (Gains Network). 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
- −$48.6
- Price spread: −1.259% → 0.000%
- −$125.88
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$184.49
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and 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 | 96.070 | −1.259% | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0136% | 1h | 96.650 | −0.663% | $234K | $421K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0064% | 1h | 96.770 | −0.539% | $33K | — | 20x | as long as short |
| BloFin BZ-USDT | −0.0052% | 4h | 96.760 | −0.550% | $1.5M | $90K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.769 | −0.540% | $336K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.754 | −0.555% | $146.2M | $387.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.740 | −0.570% | $10.3M | $14.2M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.740 | −0.570% | $15.9M | $22.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 96.748 | −0.561% | $2.2M | $1.3M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.710 | −0.601% | $9.2M | $12.7M | 100x | as long as short |
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.750 | −0.560% | $27.6M | $16.5M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.770 | −0.539% | $9.3M | $7.2M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.738 | −0.572% | $24K | $341K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.800 | −0.508% | $4K | $2.6M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.780 | −0.529% | $103K | $271K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.740 | −0.570% | $277K | $269K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.740 | −0.570% | $1.2M | $85K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USDlong | L +0.0011% / S −0.0011% | 1h | 97.295 | long leg | — | — | — | |
| edgeX BZUSDC | +0.0013% | 4h | 96.740 | −0.570% | $222K | $232K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.750 | −0.560% | $3.3M | $4.4M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 96.759 | −0.550% | $673K | $5.2M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.77 | +3.572% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0048% | 8h | 96.753 | −0.557% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.767 | −0.542% | $151.6M | $129.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.812 | −0.496% | $1.5M | $486K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.700 | −0.611% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.820 | −0.488% | $3.8M | $892K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.800 | −0.508% | $25K | $272K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0206% / S +0.0100% | 1h | 96.765 | −0.544% | $126K | — | 111x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0253% | 1h | 96.778 | −0.531% | $83K | $218K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0266% | 1h | 96.832 | −0.476% | $7K | $45K | 5x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Kraken Futures PF_BRENTOILUSD
Aftermath Perps BRENTUSD