BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0304%/8h= −33.3% APRnext payment −$0.38 per $10,000 · paid last 24h +0.011%

Price spread now: Hotstuff against GMX+0.015%48s7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRENTOIL/USD [ETH-USDC]	97.725	L +0.0328% / S −0.2771%	pay 0.0041% / 1h	17m 17s	$116K	—	111x
Short	Hotstuff BRENTOIL-PERP	97.740	0.0024	get 0.0003% / 1h	17m 17s	$34K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. 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 GMXbpFee HotstuffbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$63.93
Price spread: +0.015% → 0.000%: $1.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$79.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX and 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	−0.773%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	−0.026%	$237K	$417K	15x	as long as short
BloFin BZ-USDT	−0.0048%	4h	97.710	−0.015%	$1.5M	$97K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.705	−0.020%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.720	−0.005%	$147.8M	$350.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.730	+0.005%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.740	+0.015%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.673	−0.053%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.700	−0.026%	$9.3M	$11.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.710	−0.015%	$27.9M	$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	97.718	−0.007%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.664	−0.063%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	−0.005%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.720	−0.005%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	−0.036%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.780	+0.056%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.673	−0.054%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.83	+4.201%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.278	+0.565%	—	—	—	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0024%	1h	97.740	+0.015%	$34K	—	20x
Lighter BRENTOIL	+0.0032%	1h	97.700	−0.026%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.721	−0.004%	$682K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.700	−0.026%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.714	−0.011%	$155.1M	$115.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.739	+0.014%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.650	−0.077%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.728	+0.003%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.680	−0.046%	$3.8M	$815K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.740	+0.015%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.714	−0.011%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]long	L +0.0328% / S −0.2771%	1h	97.725	long leg	$116K	—	111x