Funding you earn now, next payment 08:00 UTC−0.0548%/8h= −60.0% APRnext payment −$0.69 per $10,000 · paid last 24h −0.064%
Price spread now: Injective against GMX−0.888%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$16 a day on $10k at the current rate, and Injective is 0.888% cheaper against GMX than usual: you would sell low and buy high (−$89 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | GMX BRENTOIL/USD [ETH-USDC] | 97.205 | L +0.0328% / S −0.2771% | pay 0.0041% / 1h | 9m 27s | $115K | — | 111x |
| Short | Injective BRENT/USDC PERP | 96.342 | −0.0220 | pay 0.0028% / 1h | 9m 27s | $8K | $7K | 30x |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. 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
- −$115.14
- Price spread: −0.888% → 0.000%
- −$88.78
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$215.94
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
GMX 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 | 96.342 | −0.888% | $8K | $7K | 30x | |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0161% | 1h | 97.210 | +0.005% | $100K | $256K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.110 | −0.098% | $236K | $401K | 15x | as long as short |
| BloFin BZ-USDT | −0.0047% | 4h | 97.180 | −0.026% | $1.5M | $98K | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0010% | 1h | 97.140 | −0.067% | $3.1M | $999K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.333 | +0.132% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.310 | +0.108% | $148.4M | $350.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.300 | +0.098% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.310 | +0.108% | $16.1M | $19.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.254 | +0.050% | $2.4M | $1.7M | 20x | as long as short |
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Ondo Perps BRENT-USD.P
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.210 | +0.005% | $9.2M | $11.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.300 | +0.098% | $27.9M | $18.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.183 | −0.023% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.187 | −0.018% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.210 | +0.005% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.070 | −0.139% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.400 | +0.201% | $1.2M | $86K | 100x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.35 | +4.264% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.952 | +0.769% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0020% | 4h | 97.166 | −0.040% | $223K | $228K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.280 | +0.077% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.302 | +0.100% | $733K | $2.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.266 | +0.062% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.368 | +0.168% | $155.6M | $114.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.349 | +0.148% | $1.6M | $398K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0082% | 1h | 97.173 | −0.033% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.280 | +0.077% | $3.8M | $802K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.230 | +0.026% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.208 | +0.003% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0120% | 1h | 97.320 | +0.118% | $34K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | L +0.0328% / S −0.2771% | 1h | 97.205 | long leg | $115K | — | 111x |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP