BRENTOIL funding rates and arbitrage
BRENTOIL perpetuals trade on 5 contracts across 5 venues, forming 10 cross-venue arbitrage pairs. By net APR the current best pair is long Deribit against short Lighter, netting +17.02%, though note the legs settle on different cadences (8h / 1h)ใ
BRENTOIL perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| Lighter | BRENTOIL | USDC | 1h | 0.0001% | +0.88% | +2.96% | $5.5M | 106.750 |
| Deribit | BRENTOIL_USDC-PERPETUAL | USDC | 8h | -0.0147% | -16.15% | -12.08% | $2.0M | 106.800 |
| Kraken | PF_BRENTOILUSD | USD | 1h | -0.0003% | -2.39% | -24.66% | $214K | 106.797 |
| HTX | BRENTOIL-USDT | USDT | 4h | 0.0000% | 0.00% | 0.00% | $118K | 106.835 |
| Coinbase | BRENTOIL-PERP | USDC | 1h | -0.0015% | -13.14% | -13.14% | $0 | 100.520 |
BRENTOIL cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Deribit USDC | Lighter USDC | +17.02% | 0.0466% | +15.04% | 8h / 1h | $2.0M |
| Deribit USDC | HTX USDT | +16.15% | 0.0442% | +12.08% | 8h / 4h | $118K |
| Coinbase USDC | Lighter USDC | +14.02% | 0.0384% | +16.10% | 1h matched | $0 |
| Deribit USDC | Kraken USD | +13.76% | 0.0377% | -12.58% | 8h / 1h | $214K |
| Coinbase USDC | HTX USDT | +13.14% | 0.0360% | +13.14% | 1h / 4h | $0 |
| Coinbase USDC | Kraken USD | +10.75% | 0.0295% | -11.52% | 1h matched | $0 |
| Kraken USD | Lighter USDC | +3.27% | 0.0089% | +27.62% | 1h matched | $214K |
| Deribit USDC | Coinbase USDC | +3.01% | 0.0082% | -1.06% | 8h / 1h | $0 |
| Kraken USD | HTX USDT | +2.39% | 0.0065% | +24.66% | 1h / 4h | $118K |
| HTX USDT | Lighter USDC | +0.88% | 0.0024% | +2.96% | 4h / 1h | $118K |
BRENTOIL project profile
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Funding rates for other coins
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