Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.031%
Price spread now: Hotstuff against Coinbase International+0.041%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 +$5 a day on $10k at the current rate, and Hotstuff is 0.041% dearer against Coinbase International than usual: you sell high and buy low: +$4 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 | Coinbase International BRENTOIL-PERP-INTX | 97.530 | −0.0096 | get 0.0012% / 1h | 4m 41s | $235K | $426K | 15x |
| Short | Hotstuff BRENTOIL-PERP | 97.570 | 0.0072 | get 0.0009% / 1h | 4m 41s | $34K | — | 20x |
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Coinbase International. 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
- $35.28
- Price spread: +0.041% → 0.000%
- $4.1
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $24.38
- Costs to cover
- 0.150%
- Break-even
- 2.2 days
Slippage unknown: Coinbase International: live order book, 43 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 Coinbase International live order book, 43 min ago | 1.03 bp | 6.5 bp −$6 | 10.4 bp −$104 | 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 | 96.939 | −0.606% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTXlong | −0.0096% | 1h | 97.530 | long leg | $235K | $426K | 15x | |
| Aster BZUSDT | 0.0000% | 4h | 97.591 | +0.063% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.590 | +0.062% | $147.5M | $357.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.570 | +0.041% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.590 | +0.062% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.524 | −0.006% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.540 | +0.010% | $9.3M | $11.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.580 | +0.051% | $27.7M | $17.3M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.538 | +0.008% | $9.4M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.560 | +0.030% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.560 | +0.031% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.550 | +0.021% | $100K | $249K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.630 | +0.103% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.530 | 0.000% | $1.2M | $80K | 100x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.554 | +0.024% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.100 | +0.584% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0014% | 1h | 101.60 | +4.173% | — | $735K | 10x | as long as short |
| edgeX BZUSDC | +0.0017% | 4h | 97.556 | +0.027% | $225K | $228K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.590 | +0.062% | $3.2M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.577 | +0.048% | $681K | $3.5M | 10x | as long as short |
| BloFin BZ-USDT | +0.0045% | 4h | 97.560 | +0.031% | $1.5M | $95K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.549 | +0.019% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.606 | +0.078% | $154.4M | $122.8M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.562 | +0.033% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.500 | −0.031% | $3.1M | $995K | 15x | as long as short |
| Hotstuff BRENTOIL-PERPshort | +0.0072% | 1h | 97.570 | +0.041% | $34K | — | 20x | |
| Aftermath Perps BRENTUSD | +0.0078% | 1h | 97.597 | +0.068% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.590 | +0.062% | $3.8M | $832K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.560 | +0.031% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.545 | +0.015% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
BloFin BZ-USDT
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]