BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.011%

Price spread now: Hotstuff against tradeXYZ−0.071%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Hotstuff

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 airdroptradeXYZ: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.071% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	96.979	0.0050	pay 0.0006% / 1h	16m 01s	$151.9M	$127.9M	20x
Short	Hotstuff BRENTOIL-PERP	96.910	0.0104	get 0.0013% / 1h	16m 01s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against tradeXYZ. 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 tradeXYZbpFee HotstuffbpOrdersPrice spread, now −0.071%Rate

Funding earned: $11.34
Price spread: −0.071% → 0.000%: −$7.11
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$18.77
Costs to cover: 0.230%
Break-even: 18.6 days

Slippage unknown: tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.36 bp	9.8 bp −$10	10.6 bp −$106	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
Injective BRENT/USDC PERP	−0.0220%	1h	95.978	−1.032%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.174%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.962	−0.018%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.980	+0.001%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.030%	$10.4M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	−0.030%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.942	−0.038%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.920	−0.061%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.950	−0.030%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	−0.054%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.110%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	−0.009%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	−0.009%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.009%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	−0.040%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.484	+0.521%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.160%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	−0.030%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.954	−0.026%	$673K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.02	+4.167%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.950	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.979	long leg	$151.9M	$127.9M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.001	+0.023%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.061%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.042%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.102%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0104%	1h	96.910	−0.071%	$33K	—	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0084%	1h	96.945	−0.035%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0232%	1h	96.862	−0.121%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.965	−0.014%	$84K	$218K	20x	as long as short