Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.024%
Price spread now: Hotstuff against ApeX Omni−0.051%57s7-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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.051% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | ApeX Omni BZUSDT | 97.860 | 0.0100 | pay 0.0013% / 1h | 31m 57s | $26K | $273K | 50x |
| Short | Hotstuff BRENTOIL-PERP | 97.810 | 0.0056 | get 0.0007% / 1h | 31m 57s | $34K | — | 20x |
ApeX Omni BZUSDT
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against ApeX Omni. 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
- −$9.24
- Price spread: −0.051% → 0.000%
- −$5.11
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$29.35
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 10 min ago; Hotstuff: 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 ApeX Omni live order book, 10 min ago | 8.69 bp | 20.6 bp −$21 | 185.2 bp −$1,852 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 PERP | −0.0220% | 1h | 97.018 | −0.860% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | −0.051% | $236K | $417K | 15x | as long as short |
| BloFin BZ-USDT | −0.0018% | 4h | 97.810 | −0.051% | $1.5M | $97K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.776 | −0.086% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.775 | −0.087% | $147.8M | $349.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.770 | −0.092% | $10.5M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.770 | −0.092% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.756 | −0.106% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.750 | −0.112% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.780 | −0.082% | $28.0M | $17.3M | 100x | as long as short |
Injective BRENT/USDC PERP
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 | 97.798 | −0.063% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.864 | +0.004% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.820 | −0.041% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.780 | −0.082% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.750 | −0.112% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.790 | −0.072% | $1.2M | $86K | 100x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.92 | +4.149% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.338 | +0.488% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 97.857 | −0.003% | $225K | $228K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.770 | −0.092% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.775 | −0.087% | $682K | $3.3M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.803 | −0.058% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.785 | −0.077% | $155.1M | $116.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.813 | −0.048% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.750 | −0.112% | $3.1M | $994K | 15x | as long as short |
| Hotstuff BRENTOIL-PERPshort | +0.0056% | 1h | 97.810 | −0.051% | $34K | — | 20x | |
| Aftermath Perps BRENTUSD | +0.0081% | 1h | 97.817 | −0.044% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.790 | −0.072% | $3.8M | $809K | 50x | as long as short |
| ApeX Omni BZUSDTlong | +0.0100% | 1h | 97.860 | long leg | $26K | $273K | 50x | |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.773 | −0.089% | $82K | $206K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.775 | −0.087% | $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
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]