BZ

Alert

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

paid, last 24h−0.049%paid, last 3 days−0.065%to open and closeno order book

Long on Variational Omni Short on Hotstuff

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.379	0	get 0.0000% / 4h	3h 45m	$9.4M	$11.8M	—
Short	Hotstuff BRENTOIL-PERP	95.390	−0.0168	pay 0.0021% / 1h	45m 30s	$33K	—	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HotstuffbpOrdersRate

Funding earned: −$35.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$40.28
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.011%
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 Variational Omni RFQ quote, 5 min ago	2.64 bp	doesn't fit	3.5 bp −$35	13.4 bp −$1,335	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0215%	1h	$80K	$364K	20x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0168%	1h	$33K	—	20x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0065%	1h	$102K	$261K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0048%	1h	$257K	$704K	15x	as long as short
Aftermath Perps BRENTUSD	−0.0040%	1h	$7K	$49K	5x	as long as short
RISEx BZ/USDC	−0.0024%	1h	$2.1M	$1.0M	20x	as long as short
Aster BZUSDT	0.0000%	4h	$334K	$1.6M	50x	as long as short
Binance BZUSDT	0.0000%	4h	$145.3M	$440.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	$10.6M	$16.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	$16.0M	$30.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	$9.2M	$17.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	$27.6M	$21.8M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	$9.4M	$11.8M	—
SunX BRENTOIL-USDT	0.0000%	4h	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	$281K	$126K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	$1.2M	$92K	100x	as long as short
BloFin BZ-USDT	+0.0007%	4h	$1.5M	$78K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
edgeX BZUSDC	+0.0019%	4h	$218K	$237K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0028% / S +0.0059%	1h	$41K	—	111x	as long as short
Lighter BRENTOIL	+0.0032%	1h	$3.2M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	$684K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	—	$476K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	$3K	$282	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	$136.8M	$130.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	$1.5M	$568K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	$3.0M	$989K	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	$3.7M	$920K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	$25K	$271K	50x	as long as short