BZ

Alert

Funding spread now, next payment 16:00 UTC+0.0286%/8h

next payment, per $10,000+$0.36paid, last 24h+0.097%paid, last 4 days−1.169%to open and closeno order book

Long on Injective Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	86.539	−0.0220	get 0.0028% / 1h	24m 02s	$13K	$97	30x
Short	Kraken Futures PF_BRENTOILUSD	96.113	0.0066	get 0.0008% / 1h	24m 02s	$81K	$364K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: $60.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $50.03
Break-even: 1.2 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 25 min ago. Net counts fees only.

Price risk

price view

Price gap now: +11.063%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 25 min ago	5.92 bp	22.6 bp −$23	34.7 bp −$347	doesn't fit	doesn't fit

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 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERPlong	−0.0220%	1h	$13K	$97	30x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0166%	1h	$103K	$256K	15x	as long as short
Vest BZ-PERP	−0.0058%	1h	—	$476K	10x	as long as short
Hotstuff BRENTOIL-PERP	−0.0056%	1h	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0048%	1h	$259K	$668K	15x	as long as short
RISEx BZ/USDC	−0.0048%	1h	$2.2M	$579K	20x	as long as short
BloFin BZ-USDT	−0.0010%	4h	$1.6M	$73K	50x	as long as short
Aftermath Perps BRENTUSD	−0.0004%	1h	$7K	$50K	5x	as long as short
Binance BZUSDT	−0.0004%	4h	$146.7M	$420.6M	100x	as long as short
Aster BZUSDT	0.0000%	4h	$335K	$1.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	$10.8M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	$16.2M	$30.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.2M	$17.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$28.4M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.6M	$12.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$285K	$123K	75x	as long as short
edgeX BZUSDC	+0.0009%	4h	$220K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0010%	1h	$3.0M	$912K	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$3.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$676K	$5.0M	10x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0037% / S +0.0056%	1h	$43K	—	111x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$138.1M	$118.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.6M	$568K	20x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0066%	1h	$81K	$364K	20x
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$891K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short
Phemex XBRUSDT	+0.0651%	4h	$1.2M	$91K	100x	as long as short