BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.017%

Price spread now: Hotstuff against Deribit+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 Deribit Short on Hotstuff

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 +$1 a day on $10k at the current rate, and Hotstuff is 0.052% dearer against Deribit 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	Deribit BRENTOIL_USDC-PERPETUAL	96.790	0	get 0.0000% / 1h	19m 39s	$103K	$271K	15x
Short	Hotstuff BRENTOIL-PERP	96.840	0.0032	get 0.0004% / 1h	19m 39s	$33K	—	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 +0.052%Rate

Funding earned: $6.72
Price spread: +0.052% → 0.000%: $5.17
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: −$0.11
Costs to cover: 0.120%
Break-even: 7.1 days

Slippage unknown: Deribit: live order book, 49 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, 49 min ago	0.52 bp	4.0 bp −$4	5.2 bp −$52	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 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
Injective BRENT/USDC PERP	−0.0220%	1h	96.070	−0.744%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	+0.021%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.835	+0.046%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.890	+0.104%	$146.5M	$379.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.860	+0.072%	$10.3M	$13.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.850	+0.062%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.860	+0.072%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.820	+0.031%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.870	+0.083%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.747	−0.044%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.027%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.790	0.000%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.790	long leg	$103K	$271K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.041%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.770	−0.021%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.747	−0.044%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.307	+0.534%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.830	+0.041%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.855	+0.067%	$673K	$5.1M	10x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0032%	1h	96.840	+0.052%	$33K	—	20x
Vest BZ-PERP	+0.0046%	1h	100.83	+4.174%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.842	+0.054%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.842	+0.054%	$151.7M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.843	+0.055%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.760	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.920	+0.134%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.770	−0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0087%	1h	96.785	−0.005%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0247%	1h	96.792	+0.002%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.812	+0.023%	$83K	$218K	20x	as long as short