Funding you earn now, next payment 08:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.078%
Price spread now: Lighter against Injective+0.695%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 0.695% dearer against Injective than usual: you sell high and buy low: +$69 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 | 97.155 | −0.0220 | get 0.0028% / 1h | 56m 30s | $8K | $7K | 30x |
| Short | Lighter BRENTOIL | 97.830 | 0.0032 | get 0.0004% / 1h | 56m 30s | $3.3M | $3.9M | 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: +0.695% → 0.000%
- $69.48
- 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
- $122.38
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 6 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, 6 min ago | 1.03 bp | 1.0 bp −$1 | 1.1 bp −$11 | 9.7 bp −$965 | 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 31 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 | 97.155 | long leg | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.700 | +0.561% | $237K | $415K | 15x | as long as short |
| BloFin BZ-USDT | −0.0018% | 4h | 97.830 | +0.695% | $1.5M | $96K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.810 | +0.674% | $340K | $868K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.807 | +0.671% | $148.7M | $353.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.810 | +0.674% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.830 | +0.695% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.807 | +0.671% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.800 | +0.664% | $9.3M | $10.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.820 | +0.684% | $28.0M | $18.2M | 100x | as long as short |
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.538 | +0.394% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.523 | +0.379% | $30K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.830 | +0.695% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.800 | +0.664% | $100K | $253K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.580 | +0.437% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.820 | +0.684% | $1.2M | $87K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.98 | +4.966% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.388 | +1.269% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0011% | 4h | 97.780 | +0.643% | $225K | $229K | 20x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 97.830 | +0.695% | $3.3M | $3.9M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.826 | +0.691% | $722K | $3.3M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0048% | 1h | 97.840 | +0.705% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.829 | +0.693% | $3K | $355 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.860 | +0.726% | $155.8M | $115.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.855 | +0.720% | $1.6M | $462K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.750 | +0.612% | $3.1M | $1.0M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.810 | +0.674% | $3.8M | $808K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.560 | +0.417% | $26K | $273K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0103% | 1h | 97.666 | +0.526% | $7K | $41K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0112% | 1h | 97.861 | +0.727% | $82K | $204K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.845 | +0.710% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]