Funding you earn now, next payment 06:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Hotstuff against gTrade (Gains Network)−0.540%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hotstuff is 0.540% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$54 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BRENT/USD | 98.070 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 33m 44s | — | — | — |
| Short | Hotstuff BRENTOIL-PERP | 97.540 | 0.0016 | get 0.0002% / 1h | 33m 44s | $34K | — | 20x |
gTrade (Gains Network) BRENT/USD
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against gTrade (Gains Network). 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
- $0.96
- Price spread: −0.540% → 0.000%
- −$54.02
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$68.06
- Costs to cover
- 0.150%
- Break-even
- 502.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and 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 | 96.783 | −1.312% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.530 | −0.550% | $235K | $434K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.498 | −0.583% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.500 | −0.581% | $147.7M | $362.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.500 | −0.581% | $10.4M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.510 | −0.571% | $16.1M | $20.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.504 | −0.577% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.460 | −0.622% | $9.2M | $11.6M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.500 | −0.581% | $28.0M | $16.5M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.500 | −0.581% | $9.4M | $7.0M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.507 | −0.574% | $26K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.540 | −0.540% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.530 | −0.550% | $101K | $249K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.490 | −0.591% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.510 | −0.571% | $1.2M | $83K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 97.498 | −0.583% | $224K | $228K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.534 | −0.546% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USDlong | L +0.0011% / S −0.0011% | 1h | 98.070 | long leg | — | — | — | |
| Hotstuff BRENTOIL-PERPshort | +0.0016% | 1h | 97.540 | −0.540% | $34K | — | 20x | |
| Vest BZ-PERP | +0.0018% | 1h | 101.58 | +3.579% | — | $735K | 10x | as long as short |
| BloFin BZ-USDT | +0.0027% | 4h | 97.520 | −0.561% | $1.5M | $97K | 50x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.520 | −0.561% | $3.2M | $4.6M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.500 | −0.581% | $680K | $3.7M | 10x | as long as short |
| Aftermath Perps BRENTUSD | +0.0049% | 1h | 97.540 | −0.541% | $7K | $42K | 5x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.516 | −0.565% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.517 | −0.564% | $153.9M | $124.3M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.566 | −0.514% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.470 | −0.612% | $3.1M | $1.0M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.540 | −0.540% | $3.8M | $840K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.510 | −0.571% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0309% / S −0.2483% | 1h | 97.525 | −0.556% | $115K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Kraken Futures PF_BRENTOILUSD
Vest BZ-PERP
BloFin BZ-USDT
Lighter BRENTOIL
Extended XBR-USD
Aftermath Perps BRENTUSD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]