Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: Hotstuff against RISEx+0.061%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 +$1 a day on $10k at the current rate, and Hotstuff is 0.061% dearer against RISEx than usual: you sell high and buy low: +$6 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 | RISEx BZ/USDC | 97.261 | −0.0039 | get 0.0005% / 1h | 32m 48s | $2.4M | $1.8M | 20x |
| Short | Hotstuff BRENTOIL-PERP | 97.320 | 0.0008 | get 0.0001% / 1h | 32m 48s | $34K | — | 20x |
RISEx BZ/USDC
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against RISEx. 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
- $9.78
- Price spread: +0.061% → 0.000%
- $6.07
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $4.84
- Costs to cover
- 0.110%
- Break-even
- 3.5 days
Slippage unknown: RISEx: live order book, 1 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 RISEx live order book, 1 min ago | 1.85 bp | 4.9 bp −$5 | 6.4 bp −$64 | 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 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 | −0.945% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0161% | 1h | 97.300 | +0.040% | $100K | $263K | 15x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0073% | 1h | 97.220 | −0.042% | $3.1M | $1.0M | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.080 | −0.186% | $236K | $405K | 15x | as long as short |
| GRVT BZ_USDT_Perp | −0.0054% | 4h | 97.280 | +0.019% | $13K | $331K | 25x | as long as short |
| RISEx BZ/USDClong | −0.0039% | 1h | 97.261 | long leg | $2.4M | $1.8M | 20x | |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.329 | +0.070% | $82K | $197K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.280 | +0.020% | $338K | $735K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.257 | −0.004% | $148.6M | $354.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.260 | −0.001% | $10.3M | $13.3M | 100x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Ondo Perps BRENT-USD.P
Coinbase International BRENTOIL-PERP-INTX
GRVT BZ_USDT_Perp
Kraken Futures PF_BRENTOILUSD
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.220 | −0.042% | $16.2M | $19.9M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.210 | −0.052% | $9.2M | $10.5M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.260 | −0.001% | $27.9M | $18.9M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.329 | +0.070% | $9.4M | $6.1M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.320 | +0.061% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.270 | +0.009% | $279K | $251K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.300 | +0.040% | $1.2M | $83K | 100x | as long as short |
| Hotstuff BRENTOIL-PERPshort | +0.0008% | 1h | 97.320 | +0.061% | $34K | — | 20x | |
| Vest BZ-PERP | +0.0008% | 1h | 101.26 | +4.112% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.842 | +0.597% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0020% | 4h | 97.275 | +0.014% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.240 | −0.022% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.289 | +0.029% | $750K | $2.7M | 10x | as long as short |
| BloFin BZ-USDT | +0.0044% | 4h | 97.270 | +0.009% | $1.5M | $100K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0047% | 8h | 97.320 | +0.061% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.300 | +0.040% | $155.4M | $115.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.330 | +0.071% | $1.6M | $344K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0072% | 1h | 97.362 | +0.103% | $7K | $39K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.280 | +0.020% | $3.8M | $799K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.380 | +0.122% | $26K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.305 | +0.045% | $115K | — | 111x | as long as short |
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
BloFin BZ-USDT
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]