BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.018%

Price spread now: Hotstuff against Deribit+0.082%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.082% dearer against Deribit than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BRENTOIL_USDC-PERPETUAL	97.610	0	get 0.0000% / 1h	14m 42s	$100K	$252K	15x
Short	Hotstuff BRENTOIL-PERP	97.690	−0.0032	pay 0.0004% / 1h	14m 42s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$6.72
Price spread: +0.082% → 0.000%: $8.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$10.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 29 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 Deribit live order book, 29 min ago	0.51 bp	6.0 bp −$6	9.3 bp −$93	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	96.970	−0.656%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.092%	$237K	$417K	15x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0032%	1h	97.690	+0.082%	$34K	—	20x
Aster BZUSDT	0.0000%	4h	97.604	−0.007%	$339K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.600	−0.010%	$148.1M	$351.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.580	−0.031%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.610	0.000%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.565	−0.046%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.560	−0.051%	$9.3M	$11.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.600	−0.010%	$27.8M	$17.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.658	+0.049%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.664	+0.055%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.640	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	97.610	long leg	$100K	$252K	15x
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.051%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.640	+0.031%	$1.2M	$86K	100x	as long as short
BloFin BZ-USDT	+0.0002%	4h	97.610	0.000%	$1.5M	$96K	50x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.686	+0.078%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.76	+4.252%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.168	+0.572%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.600	−0.010%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.582	−0.029%	$683K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.599	−0.011%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.613	+0.003%	$155.0M	$115.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.644	+0.035%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.550	−0.061%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	97.704	+0.097%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.580	−0.031%	$3.8M	$815K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.730	+0.123%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.598	−0.012%	$82K	$205K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	+0.015%	$116K	—	111x	as long as short