BZ

Alert

Funding spread now, next payment 15:00 UTC+0.2301%/8h

paid, last 24h+0.110%paid, last 4 days+0.608%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.608% in total (about 62.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BRENT/USDC PERP	86.638	−0.0220	get 0.0028% / 1h	23m 05s	$13K	$97	30x
Short	Phemex XBRUSDT	96.910	0.2081	get 0.1041% / 4h	1h 23m	$1.2M	$84K	100x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhemexbpOrdersRate

Funding earned: $483.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phemex: 6 bp × 2 orders: −$12
Net: $471.23
Break-even: 0.2 days

Slippage unknown: Injective: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +11.856%
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 Phemex live order book, 1 min ago	0.51 bp	doesn't fit	doesn't fit	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
Vest BZ-PERP	−0.0122%	1h	—	$4K	10x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	$262K	$662K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0063%	1h	$103K	$239K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0058%	1h	$81K	$480K	20x	as long as short
RISEx BZ/USDC	−0.0016%	1h	$2.3M	$457K	20x	as long as short
Aster BZUSDT	−0.0016%	4h	$337K	$1.5M	50x	as long as short
Binance BZUSDT	−0.0013%	4h	$147.7M	$406.2M	100x	as long as short
edgeX BZUSDC	−0.0011%	4h	$219K	$236K	20x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.8M	$14.3M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	$16.4M	$29.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.3M	$17.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$28.4M	$19.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.7M	$12.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$285K	$124K	75x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	$7K	$51K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.3M	$3.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$687K	$5.0M	10x	as long as short
BloFin BZ-USDT	+0.0032%	4h	$1.6M	$62K	50x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$140.5M	$112.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.6M	$512K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	$3.0M	$907K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0052% / S +0.0046%	1h	$43K	—	111x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$874K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0288%	1h	$33K	—	20x	as long as short
Phemex XBRUSDTshort	+0.2081%	4h	$1.2M	$84K	100x