Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.078%
Price spread now: Injective against Lighter−0.995%96s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.995% cheaper against Lighter than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 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 | Lighter BRENTOIL | 97.790 | 0.0032 | pay 0.0004% / 1h | 43m 47s | $3.3M | $4.0M | 20x |
| Short | Injective BRENT/USDC PERP | 96.817 | −0.0220 | pay 0.0028% / 1h | 43m 47s | $8K | $7K | 30x |
Lighter BRENTOIL
Injective BRENT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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: −0.995% → 0.000%
- −$99.5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$152.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Injective: no order-book sample. 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 Lighter live order book, 4 min ago | 0.51 bp | 0.5 bp −$1 | 1.4 bp −$14 | 8.9 bp −$889 | 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 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 PERPshort | −0.0220% | 1h | 96.817 | −0.995% | $8K | $7K | 30x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.266% | $235K | $416K | 15x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0057% | 1h | 97.770 | −0.020% | $100K | $251K | 15x | as long as short |
| BloFin BZ-USDT | −0.0013% | 4h | 97.810 | +0.020% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.802 | +0.012% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.790 | 0.000% | $147.7M | $352.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.750 | −0.041% | $10.1M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.790 | 0.000% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.810 | +0.020% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.750 | −0.041% | $9.3M | $10.9M | 100x | as long as short |
Coinbase International BRENTOIL-PERP-INTX
Deribit BRENTOIL_USDC-PERPETUAL
BloFin BZ-USDT
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.810 | +0.020% | $28.0M | $17.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.738 | −0.053% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.800 | +0.010% | $27K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.820 | +0.031% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.760 | −0.031% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.790 | 0.000% | $1.2M | $80K | 100x | as long as short |
| edgeX BZUSDC | +0.0010% | 4h | 97.792 | +0.002% | $225K | $229K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.352 | +0.575% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0012% | 1h | 101.91 | +4.213% | — | $735K | 10x | as long as short |
| Lighter BRENTOILlong | +0.0032% | 1h | 97.790 | long leg | $3.3M | $4.0M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 97.801 | +0.012% | $678K | $3.4M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.835 | +0.046% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.812 | +0.022% | $155.0M | $119.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.847 | +0.058% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.790 | 0.000% | $3.1M | $999K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0082% | 1h | 97.808 | +0.018% | $7K | $41K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0096% | 1h | 97.790 | 0.000% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.820 | +0.031% | $3.8M | $825K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.780 | −0.010% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0157% | 1h | 97.818 | +0.029% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.795 | +0.005% | $116K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]