Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Phemex+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (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 0.042% dearer against Phemex than usual: you sell high and buy low, +$4 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 | Phemex XBRUSDT | 96.080 | 0 | get 0.0000% / 4h | 42m 37s | $1.2M | $96K | 100x |
| Short | Hotstuff BRENTOIL-PERP | 96.120 | 0 | get 0.0000% / 1h | 42m 37s | $33K | — | 20x |
Phemex XBRUSDT
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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
- Price spread: +0.042% → 0.000%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$12.84
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: 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 Phemex live order book, 5 min ago | 1.56 bp | doesn't fit | doesn't fit | doesn't fit | 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 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 | 96.075 | −0.005% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.369 | −0.740% | $8K | $7K | 30x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.0156% | 1h | 96.121 | +0.043% | $147.8M | $143.8M | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.060 | −0.021% | $232K | $577K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.058 | −0.023% | $2.2M | $1.3M | 20x | as long as short |
| Binance BZUSDT | −0.0013% | 4h | 96.080 | 0.000% | $145.8M | $469.2M | 100x | as long as short |
| GRVT BZ_USDT_Perp | −0.0006% | 4h | 96.000 | −0.083% | $34K | $375K | 25x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.120 | +0.042% | $334K | $1.4M | 50x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.070 | −0.010% | $10.4M | $16.0M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.050 | −0.031% | $15.9M | $26.8M | 50x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
tradeXYZ xyz:BRENTOIL
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Binance BZUSDT
GRVT BZ_USDT_Perp
Aster BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BRENTOIL-PERPshort | 0.0000% | 1h | 96.120 | +0.042% | $33K | — | 20x | |
| Gate BZ_USDT | 0.0000% | 8h | 96.020 | −0.062% | $9.2M | $16.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.070 | −0.010% | $27.4M | $21.1M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 95.963 | −0.122% | $9.3M | $7.9M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.070 | −0.010% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.110 | +0.031% | $103K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.940 | −0.146% | $305K | $249K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 96.080 | long leg | $1.2M | $96K | 100x | |
| edgeX BZUSDC | +0.0003% | 4h | 95.988 | −0.096% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0010% | 8h | 96.072 | −0.008% | $3K | $521 | 5x | as long as short |
| Aftermath Perps BRENTUSD | +0.0031% | 1h | 96.072 | −0.008% | $6K | $45K | 5x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.070 | −0.010% | $3.3M | $4.3M | 20x | as long as short |
| BloFin BZ-USDT | +0.0037% | 4h | 96.040 | −0.042% | $1.5M | $95K | 50x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.850 | +3.924% | — | $735K | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.128 | +0.050% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.070 | −0.010% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 96.070 | −0.010% | $3.8M | $989K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.130 | +0.052% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.101 | +0.022% | $81K | $235K | 20x | as long as short |
| Extended XBR-USD | +0.0128% | 1h | 96.009 | −0.073% | $671K | $5.2M | 10x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
edgeX BZUSDC
Paradex BZ-USD-PERP
Aftermath Perps BRENTUSD
Lighter BRENTOIL
BloFin BZ-USDT
Vest BZ-PERP
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Extended XBR-USD