Funding you earn now, next payment 09:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h −0.010%
Price spread now: RISEx against Hotstuff+0.083%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.083% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread 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 | Hotstuff BRENTOIL-PERP | 97.370 | −0.0128 | get 0.0016% / 1h | 43m 19s | $34K | — | 20x |
| Short | RISEx BZ/USDC | 97.451 | −0.0039 | pay 0.0005% / 1h | 43m 19s | $2.4M | $1.8M | 20x |
Hotstuff BRENTOIL-PERP
RISEx BZ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $18.78
- Price spread: +0.083% → 0.000%
- $8.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $16.05
- Costs to cover
- 0.110%
- Break-even
- 1.0 days
Slippage unknown: Hotstuff: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago | 0.77 bp | 3.8 bp −$4 | 5.2 bp −$52 | 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 | 96.342 | −1.056% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0160% | 1h | 97.460 | +0.092% | $100K | $260K | 15x | as long as short |
| Hotstuff BRENTOIL-PERPlong | −0.0128% | 1h | 97.370 | long leg | $34K | — | 20x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.480 | +0.113% | $237K | $402K | 15x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0039% | 1h | 97.340 | −0.031% | $3.1M | $992K | 15x | as long as short |
| RISEx BZ/USDCshort | −0.0039% | 1h | 97.451 | +0.083% | $2.4M | $1.8M | 20x | |
| GRVT BZ_USDT_Perp | −0.0014% | 4h | 97.330 | −0.041% | $14K | $332K | 25x | as long as short |
| BloFin BZ-USDT | −0.0007% | 4h | 97.460 | +0.092% | $1.5M | $100K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.466 | +0.099% | $82K | $198K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.452 | +0.084% | $339K | $761K | 50x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
Ondo Perps BRENT-USD.P
GRVT BZ_USDT_Perp
BloFin BZ-USDT
Kraken Futures PF_BRENTOILUSD
Aster BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BZUSDT | 0.0000% | 4h | 97.461 | +0.093% | $149.1M | $353.0M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.440 | +0.072% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.430 | +0.062% | $16.2M | $19.9M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.400 | +0.031% | $9.2M | $10.4M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.460 | +0.092% | $28.0M | $18.8M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.339 | −0.032% | $9.4M | $6.1M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.490 | +0.123% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.380 | +0.010% | $280K | $251K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.470 | +0.103% | $1.2M | $85K | 100x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.43 | +4.170% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.011 | +0.658% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 97.335 | −0.036% | $223K | $230K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.440 | +0.072% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.473 | +0.106% | $753K | $2.8M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 97.438 | +0.070% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.480 | +0.113% | $155.6M | $116.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.490 | +0.123% | $1.6M | $370K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0072% | 1h | 97.374 | +0.005% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.440 | +0.072% | $3.8M | $797K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.380 | +0.010% | $26K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.445 | +0.077% | $116K | — | 111x | as long as short |
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
SunX BRENTOIL-USDT
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
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]