Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.009%
Price spread now: BloFin against Hotstuff−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.020% cheaper against Hotstuff than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BRENTOIL-PERP | 97.770 | 0.0048 | pay 0.0006% / 1h | 58m 18s | $34K | — | 20x |
| Short | BloFin BZ-USDT | 97.750 | −0.0058 | pay 0.0029% / 4h | 58m 18s | $1.5M | $96K | 50x |
Hotstuff BRENTOIL-PERP
BloFin BZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.18
- Price spread: −0.020% → 0.000%
- −$2.05
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$41.23
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 0.51 bp | 6.9 bp −$7 | 9.5 bp −$95 | 17.0 bp −$1,701 | 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 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 | −0.818% | $8K | $7K | 30x | as long as short |
| BloFin BZ-USDTshort | −0.0058% | 4h | 97.750 | −0.020% | $1.5M | $96K | 50x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.700 | −0.072% | $237K | $415K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.827 | +0.058% | $340K | $880K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.815 | +0.046% | $148.7M | $352.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.810 | +0.041% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.830 | +0.061% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.779 | +0.009% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.770 | 0.000% | $9.3M | $10.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.810 | +0.041% | $28.0M | $18.2M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.538 | −0.237% | $9.4M | $6.8M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.523 | −0.253% | $30K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.810 | +0.041% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.840 | +0.072% | $101K | $253K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.580 | −0.194% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.780 | +0.010% | $1.2M | $87K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.96 | +4.286% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.387 | +0.631% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0011% | 4h | 97.518 | −0.258% | $225K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.800 | +0.031% | $3.3M | $3.9M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.852 | +0.084% | $722K | $3.3M | 10x | as long as short |
| Hotstuff BRENTOIL-PERPlong | +0.0048% | 1h | 97.770 | long leg | $34K | — | 20x | |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.787 | +0.017% | $3K | $355 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.833 | +0.064% | $155.7M | $115.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.854 | +0.086% | $1.6M | $462K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.670 | −0.102% | $3.1M | $1.0M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.780 | +0.010% | $3.8M | $811K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.560 | −0.215% | $26K | $273K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0104% | 1h | 97.630 | −0.143% | $7K | $41K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0112% | 1h | 97.846 | +0.078% | $82K | $204K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.815 | +0.046% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]