BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h −0.034%

Price spread now: Deribit against Hotstuff+0.052%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Deribit

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.052% dearer against Hotstuff than usual: you sell high and buy low: +$5 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	Hotstuff BRENTOIL-PERP	96.150	−0.0360	get 0.0045% / 1h	39m 13s	$33K	—	20x
Short	Deribit BRENTOIL_USDC-PERPETUAL	96.200	−0.0269	pay 0.0034% / 1h	39m 13s	$103K	$278K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hotstuff. 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 HotstuffbpFee DeribitbpOrdersPrice spread, now +0.052%Rate

Funding earned: $19.01
Price spread: +0.052% → 0.000%: $5.2
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $12.21
Costs to cover: 0.120%
Break-even: 2.5 days

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 39 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Deribit live order book, 39 min ago	0.52 bp	11.2 bp −$11	11.4 bp −$114	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: 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.155	+0.005%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERPlong	−0.0360%	1h	96.150	long leg	$33K	—	20x
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0269%	1h	96.200	+0.052%	$103K	$278K	15x
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.812%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0099%	1h	96.161	+0.011%	$149.8M	$143.3M	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.130	−0.021%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.083%	$232K	$578K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.142	−0.008%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−0.074%	$34K	$375K	25x	as long as short
Binance BZUSDT	−0.0015%	4h	96.160	+0.010%	$145.9M	$466.7M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0010%	4h	96.063	−0.091%	$220K	$232K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	−0.031%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.140	−0.010%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	−0.010%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.100	−0.052%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.150	0.000%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.063	−0.090%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.180	+0.031%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.125%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.160	+0.010%	$1.2M	$96K	100x	as long as short
Paradex BZ-USD-PERP	+0.0013%	8h	96.124	−0.027%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0035%	1h	96.146	−0.005%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0040%	1h	96.130	−0.021%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.750	+3.744%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.159	+0.009%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.100	−0.052%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.052%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.150	0.000%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.196	+0.047%	$81K	$233K	20x	as long as short
Extended XBR-USD	+0.0144%	1h	96.018	−0.137%	$671K	$5.2M	10x	as long as short