BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Hotstuff against Lighter0.000%7-day average — · you sell dearer than you buy

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

Long on Lighter 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 airdropLighter: Season 3 · Hotstuff: 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	Lighter BRENTOIL	97.210	0.0032	pay 0.0004% / 1h	52m 48s	$3.2M	$4.7M	20x
Short	Hotstuff BRENTOIL-PERP	97.210	0	get 0.0000% / 1h	52m 48s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Lighter. 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 LighterbpFee HotstuffbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.72
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$11.72
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 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 Lighter live order book, 5 min ago	0.51 bp	1.0 bp −$1	2.3 bp −$23	9.5 bp −$952	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	96.333	−0.902%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.165%	$233K	$438K	15x	as long as short
BloFin BZ-USDT	−0.0003%	4h	97.180	−0.031%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.200	−0.010%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.221	+0.012%	$147.2M	$368.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−0.010%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	0.000%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.169	−0.042%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERPshort	0.0000%	1h	97.210	0.000%	$33K	—	20x
Gate BZ_USDT	0.0000%	8h	97.170	−0.041%	$9.2M	$12.1M	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	97.220	+0.010%	$27.8M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.168	−0.043%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	−0.024%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.210	0.000%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.072%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.200	−0.010%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.168	−0.043%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.740	+0.545%	—	—	—	as long as short
Vest BZ-PERP	+0.0031%	1h	101.21	+4.115%	—	$735K	10x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	97.210	long leg	$3.2M	$4.7M	20x
Extended XBR-USD	+0.0032%	1h	97.238	+0.029%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.181	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.245	+0.036%	$153.4M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.224	+0.014%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.130	−0.082%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.204	−0.006%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	+0.041%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	−0.041%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0116%	1h	97.153	−0.058%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0227% / S −0.0251%	1h	97.185	−0.026%	$126K	—	111x	as long as short