Funding you earn now, next payment 03:00 UTC+0.0298%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h +0.020%
Price spread now: Kraken Futures against Hotstuff+0.102%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.102% dearer against Hotstuff than usual: you sell high and buy low: +$10 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 | 96.920 | 0 | get 0.0000% / 1h | 51m 50s | $33K | — | 20x |
| Short | Kraken Futures PF_BRENTOILUSD | 97.019 | 0.0298 | get 0.0037% / 1h | 51m 50s | $84K | $218K | 20x |
Hotstuff BRENTOIL-PERP
Kraken Futures PF_BRENTOILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $62.62
- Price spread: +0.102% → 0.000%
- $10.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $57.8
- Costs to cover
- 0.150%
- Break-even
- 0.5 days
Slippage unknown: Hotstuff: no order-book sample; Kraken Futures: live order book, 11 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 Kraken Futures live order book, 11 min ago | 3.20 bp | 16.1 bp −$16 | 34.1 bp −$341 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.207 | −0.736% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | −0.113% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.008 | +0.091% | $337K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.020 | +0.103% | $146.6M | $375.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.000 | +0.083% | $10.3M | $13.4M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.020 | +0.103% | $15.9M | $20.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 96.963 | +0.045% | $2.3M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERPlong | 0.0000% | 1h | 96.920 | long leg | $33K | — | 20x | |
| Gate BZ_USDT | 0.0000% | 8h | 96.970 | +0.052% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.010 | +0.093% | $27.4M | $16.4M | 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 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 96.939 | +0.020% | $9.3M | $7.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.949 | +0.030% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.980 | +0.062% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.020 | +0.103% | $104K | $238K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.990 | +0.072% | $278K | $269K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.010 | +0.093% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.547 | +0.647% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0019% | 4h | 96.922 | +0.002% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.020 | +0.103% | $3.3M | $4.5M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.028 | +0.111% | $677K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 101.05 | +4.261% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 96.970 | +0.052% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.017 | +0.100% | $152.0M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.084 | +0.169% | $1.5M | $446K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.900 | −0.021% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.040 | +0.124% | $3.8M | $876K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.950 | +0.031% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0180% / S +0.0063% | 1h | 97.015 | +0.098% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0203% | 1h | 96.932 | +0.013% | $8K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSDshort | +0.0298% | 1h | 97.019 | +0.102% | $84K | $218K | 20x |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD