Funding you earn now, next payment 03:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.095%
Price spread now: KuCoin against Injective+0.876%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.876% dearer against Injective than usual: you sell high and buy low: +$88 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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 | Injective BRENT/USDC PERP | 96.207 | −0.0220 | get 0.0028% / 1h | 49m 56s | $8K | $7K | 30x |
| Short | KuCoin BZUSDTM | 97.050 | 0.0100 | get 0.0050% / 4h | 1h 49m | $3.8M | $876K | 50x |
Injective BRENT/USDC PERP
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- $67.2
- Price spread: +0.876% → 0.000%
- $87.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $142.8
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 0.51 bp | 17.3 bp −$17 | 43.3 bp −$433 | 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: 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 PERPlong | −0.0220% | 1h | 96.207 | long leg | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | +0.627% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.983 | +0.807% | $337K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.983 | +0.807% | $146.6M | $375.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.960 | +0.783% | $10.3M | $13.4M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.980 | +0.803% | $15.9M | $20.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.011 | +0.835% | $2.3M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 97.030 | +0.855% | $33K | — | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.960 | +0.783% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.010 | +0.835% | $27.4M | $16.4M | 100x | as long as short |
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Gate BZ_USDT
Bitget BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.006 | +0.831% | $9.4M | $7.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.921 | +0.743% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.020 | +0.845% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.990 | +0.814% | $104K | $239K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.990 | +0.814% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.010 | +0.835% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.529 | +1.374% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 96.887 | +0.707% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.990 | +0.814% | $3.3M | $4.5M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.000 | +0.825% | $677K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 101.05 | +5.034% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 97.016 | +0.841% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.998 | +0.822% | $152.0M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.062 | +0.889% | $1.5M | $446K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.000 | +0.824% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 97.050 | +0.876% | $3.8M | $876K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.970 | +0.793% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0180% / S +0.0062% | 1h | 96.985 | +0.809% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0198% | 1h | 96.969 | +0.792% | $7K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 97.027 | +0.852% | $84K | $218K | 20x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
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
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD