BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0270%/8h= +29.6% APRnext payment +$0.34 per $10,000 · paid last 24h +0.082%

Price spread now: tradeXYZ against Injective+1.045%74s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 1.045% dearer against Injective than usual: you sell high and buy low: +$104 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	95.731	−0.0220	get 0.0028% / 1h	59m 51s	$8K	$7K	30x
Short	tradeXYZ xyz:BRENTOIL	96.731	0.0050	get 0.0006% / 1h	59m 51s	$151.7M	$138.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee tradeXYZbpOrdersPrice spread, now +1.045%Rate

Funding earned: $56.7
Price spread: +1.045% → 0.000%: $104.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $143.14
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.21 bp	9.7 bp −$10	11.0 bp −$110	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 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	95.731	long leg	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	+0.960%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.670	+0.981%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.715	+1.028%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.723	+1.037%	$145.9M	$401.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.700	+1.012%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.710	+1.023%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.731	+1.044%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.670	+0.981%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.710	+1.023%	$27.6M	$17.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.668	+0.979%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	+0.987%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.730	+1.044%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.750	+1.064%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	+1.012%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.720	+1.033%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.262	+1.599%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	+1.011%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.750	+1.064%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.730	+1.044%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.727	+1.041%	$721K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.76	+5.253%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+1.022%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	96.731	+1.045%	$151.7M	$138.0M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.773	+1.088%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.630	+0.939%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.700	+1.012%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.730	+1.044%	$3.8M	$921K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	+1.054%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0121%	1h	96.725	+1.038%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0322%	1h	96.737	+1.050%	$7K	$44K	5x	as long as short