BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.040%

Price spread now: Deribit against Hotstuff0.000%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	95.950	−0.0024	get 0.0003% / 1h	28m 37s	$33K	—	20x
Short	Deribit BRENTOIL_USDC-PERPETUAL	95.950	0	get 0.0000% / 1h	28m 37s	$102K	$279K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hotstuff. 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 HotstuffbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $5.04
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$6.96
Costs to cover: 0.120%
Break-even: 16.7 days

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 55 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 Deribit live order book, 55 min ago	0.52 bp	10.2 bp −$10	11.1 bp −$111	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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	95.945	−0.005%	$120K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.900%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0214%	1h	95.920	−0.031%	$3.0M	$1.1M	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.913	−0.038%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERPlong	−0.0024%	1h	95.950	long leg	$33K	—	20x
BloFin BZ-USDT	−0.0022%	4h	95.930	−0.021%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.104%	$232K	$647K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.913	−0.039%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.920	−0.031%	$145.5M	$479.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.920	−0.031%	$10.2M	$16.6M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	−0.031%	$15.8M	$27.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.880	−0.073%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.920	−0.031%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	−0.039%	$9.2M	$8.3M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.925	−0.026%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.960	+0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	95.950	0.000%	$102K	$279K	15x
HTX BRENTOIL-USDT	0.0000%	4h	95.860	−0.094%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.042%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	95.924	−0.027%	$220K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0003%	1h	95.923	−0.028%	$5K	$45K	5x	as long as short
Paradex BZ-USD-PERP	+0.0007%	8h	95.933	−0.018%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	−0.010%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.905	−0.047%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.34	+4.575%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.954	+0.004%	$147.5M	$146.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.998	+0.050%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	−0.031%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.920	−0.031%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	95.970	+0.021%	$81K	$240K	20x	as long as short