Funding you earn now, next payment 02:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.078%
Price spread now: Lighter against Injective+1.034%7-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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 1.034% dearer against Injective than usual: you sell high and buy low: +$103 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BRENT/USDC PERP | 95.978 | −0.0220 | get 0.0028% / 1h | 14m 56s | $8K | $7K | 30x |
| Short | Lighter BRENTOIL | 96.970 | 0.0032 | get 0.0004% / 1h | 14m 56s | $3.3M | $4.5M | 20x |
Injective BRENT/USDC PERP
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $52.92
- Price spread: +1.034% → 0.000%
- $103.36
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $156.26
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Lighter: 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 Lighter live order book, 3 min ago | 0.52 bp | 0.5 bp −$1 | 0.8 bp −$8 | 7.9 bp −$792 | 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 | 95.978 | long leg | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0136% | 1h | 96.810 | +0.867% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.982 | +1.047% | $337K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.990 | +1.054% | $146.5M | $379.4M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.950 | +1.013% | $10.3M | $13.7M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.970 | +1.034% | $16.0M | $21.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 96.956 | +1.019% | $2.3M | $1.3M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.930 | +0.992% | $9.2M | $12.8M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.990 | +1.054% | $27.5M | $16.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.927 | +0.989% | $9.3M | $7.1M | — | as long as short |
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.873 | +0.932% | $24K | $341K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.000 | +1.065% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.990 | +1.054% | $103K | $271K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.970 | +1.034% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.970 | +1.034% | $1.2M | $83K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.498 | +1.584% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0017% | 4h | 96.824 | +0.881% | $222K | $228K | 20x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 96.970 | +1.034% | $3.3M | $4.5M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 96.991 | +1.056% | $676K | $5.0M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 101.04 | +5.274% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 96.947 | +1.010% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.006 | +1.071% | $151.9M | $127.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.036 | +1.102% | $1.5M | $470K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.920 | +0.981% | $3.1M | $1.1M | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0088% | 1h | 96.990 | +1.054% | $33K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.030 | +1.096% | $3.8M | $885K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.880 | +0.940% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0209% / S +0.0083% | 1h | 96.955 | +1.018% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0229% | 1h | 96.883 | +0.943% | $8K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0253% | 1h | 96.989 | +1.053% | $84K | $218K | 20x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD