BZ

Alert

Funding spread now, next payment 16:00 UTC−0.0270%/8h

next payment, per $10,000−$0.34paid, last 24h−0.079%paid, last 4 days+0.021%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 0.021% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. 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	tradeXYZ xyz:BRENTOIL	96.010	0.0050	pay 0.0006% / 1h	19m 20s	$138.3M	$119.6M	20x
Short	Injective BRENT/USDC PERP	86.539	−0.0220	pay 0.0028% / 1h	19m 20s	$13K	$97	30x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee InjectivebpOrdersRate

Funding earned: −$56.7
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$74.72
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −9.865%
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 tradeXYZ live order book, 12 min ago	0.36 bp	9.9 bp −$10	10.5 bp −$105	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	−0.0220%	1h	$13K	$97	30x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0167%	1h	$103K	$257K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0048%	1h	$257K	$667K	15x	as long as short
RISEx BZ/USDC	−0.0048%	1h	$2.4M	$705K	20x	as long as short
Vest BZ-PERP	−0.0039%	1h	—	$476K	10x	as long as short
Aftermath Perps BRENTUSD	−0.0009%	1h	$7K	$50K	5x	as long as short
Binance BZUSDT	−0.0005%	4h	$146.6M	$422.7M	100x	as long as short
Aster BZUSDT	0.0000%	4h	$335K	$1.6M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.6M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	$16.2M	$30.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	$9.2M	$17.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$28.4M	$20.3M	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	+0.0003%	4h	$219K	$236K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0008%	1h	$3.0M	$960K	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
BloFin BZ-USDT	+0.0020%	4h	$1.6M	$74K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$3.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$669K	$5.0M	10x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0036% / S +0.0058%	1h	$43K	—	111x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	$138.3M	$119.6M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.6M	$568K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0066%	1h	$81K	$359K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$894K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short
Phemex XBRUSDT	+0.0591%	4h	$1.2M	$91K	100x	as long as short