BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.019%

Price spread now: Hotstuff against Deribit+0.021%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Hotstuff

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 airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.021% dearer against Deribit than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	96.820	0	get 0.0000% / 1h	37m 12s	$103K	$242K	15x
Short	Hotstuff BRENTOIL-PERP	96.840	−0.0040	pay 0.0005% / 1h	37m 12s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$8.4
Price spread: +0.021% → 0.000%: $2.07
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$18.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 26 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 Deribit live order book, 26 min ago	0.52 bp	5.9 bp −$6	6.2 bp −$62	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	96.164	−0.678%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	+0.031%	$233K	$426K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	96.820	0.000%	$1.5M	$86K	50x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0040%	1h	96.840	+0.021%	$33K	—	20x
Aster BZUSDT	0.0000%	4h	96.850	+0.031%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.790	−0.031%	$146.4M	$374.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.780	−0.041%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.790	−0.031%	$15.9M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.817	−0.003%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.760	−0.062%	$9.2M	$12.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.810	−0.010%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.846	+0.027%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.828	+0.009%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.840	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.820	long leg	$103K	$242K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.840	+0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.810	−0.010%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	96.838	+0.018%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.372	+0.570%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.830	+0.010%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.839	+0.019%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.89	+4.204%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.824	+0.004%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.810	−0.010%	$151.7M	$125.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.884	+0.066%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.780	−0.041%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.890	+0.072%	$3.8M	$873K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.820	0.000%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0051%	1h	96.815	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0186%	1h	96.882	+0.064%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0299%	1h	96.841	+0.022%	$83K	$218K	20x	as long as short