Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.030%
Price spread now: Coinbase International against Hotstuff−0.144%7-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 −$3 a day on $10k at the current rate, and Coinbase International is 0.144% cheaper against Hotstuff than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BRENTOIL-PERP | 97.190 | 0 | get 0.0000% / 1h | 53m 51s | $33K | — | 20x |
| Short | Coinbase International BRENTOIL-PERP-INTX | 97.050 | −0.0088 | pay 0.0011% / 1h | 53m 51s | $233K | $438K | 15x |
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hotstuff. 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
- −$18.48
- Price spread: −0.144% → 0.000%
- −$14.4
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$47.88
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 64 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 64 min ago | 1.03 bp | 6.0 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
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 | 96.333 | −0.882% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTXshort | −0.0088% | 1h | 97.050 | −0.144% | $233K | $438K | 15x | |
| BloFin BZ-USDT | −0.0011% | 4h | 97.200 | +0.010% | $1.5M | $92K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.167 | −0.024% | $338K | $933K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.183 | −0.007% | $147.2M | $368.9M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.160 | −0.031% | $10.4M | $12.7M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.160 | −0.031% | $16.0M | $20.3M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.155 | −0.036% | $2.4M | $1.7M | 20x | as long as short |
| Hotstuff BRENTOIL-PERPlong | 0.0000% | 1h | 97.190 | long leg | $33K | — | 20x | |
| Gate BZ_USDT | 0.0000% | 8h | 97.130 | −0.062% | $9.2M | $12.1M | 100x | as long as short |
Injective BRENT/USDC PERP
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 | 97.170 | −0.021% | $27.8M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.168 | −0.023% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.187 | −0.004% | $29K | $346K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.190 | 0.000% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.170 | −0.021% | $104K | $238K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.140 | −0.051% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.200 | +0.010% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.719 | +0.544% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0014% | 4h | 97.149 | −0.042% | $223K | $226K | 20x | as long as short |
| Vest BZ-PERP | +0.0031% | 1h | 101.21 | +4.136% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.180 | −0.010% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.190 | 0.000% | $679K | $4.2M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.159 | −0.032% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.204 | +0.014% | $153.3M | $126.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.224 | +0.035% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.130 | −0.062% | $3.1M | $1.1M | 15x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0063% | 1h | 97.179 | −0.012% | $82K | $208K | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.220 | +0.031% | $3.8M | $869K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.180 | −0.010% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0118% | 1h | 97.144 | −0.048% | $7K | $43K | 5x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0227% / S −0.0245% | 1h | 97.165 | −0.026% | $126K | — | 111x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
GMX BRENTOIL/USD [ETH-USDC]