BZ

Alert

Funding spread now, next payment 17:00 UTC−0.0168%/8h

next payment, per $10,000−$0.21paid, last 24h−0.028%paid, last 3 days−0.460%to open and closeno order book

Long on Hotstuff Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BRENTOIL-PERP	95.490	0.0144	pay 0.0018% / 1h	47m 26s	$33K	—	20x
Short	Coinbase International BRENTOIL-PERP-INTX	95.480	−0.0024	pay 0.0003% / 1h	47m 26s	$266K	$713K	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$35.28
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.28
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 57 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.010%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 57 min ago	4.20 bp	9.2 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_BRENTOILUSD	−0.0324%	1h	$81K	$299K	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	$10K	$4K	30x	as long as short
Aftermath Perps BRENTUSD	−0.0045%	1h	$6K	$49K	5x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0024%	1h	$266K	$713K	15x
Binance BZUSDT	−0.0006%	4h	$144.9M	$452.2M	100x	as long as short
edgeX BZUSDC	−0.0004%	4h	$218K	$236K	20x	as long as short
Aster BZUSDT	0.0000%	4h	$334K	$1.6M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.4M	$16.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	$15.8M	$31.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	$2.1M	$1.0M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	$9.2M	$18.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$27.6M	$22.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	$9.4M	$12.3M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	$102K	$282K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$282K	$125K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	$1.2M	$98K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0018% / S +0.0044%	1h	$35K	—	111x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$675K	$5.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	$3K	$282	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	—	$593K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$134.7M	$134.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.5M	$549K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	$3.0M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0051%	4h	$1.5M	$80K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$923K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$270K	50x	as long as short
Hotstuff BRENTOIL-PERPlong	+0.0144%	1h	$33K	—	20x