Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.006%
Price spread now: Variational Omni against Hotstuff−0.053%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
=Together, before fees—+ Points / potential airdropHotstuff: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.053% cheaper against Hotstuff than usual: you would sell low and buy high (−$5 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 | 97.790 | 0.0096 | pay 0.0012% / 1h | 45m 35s | $34K | — | 20x |
| Short | Variational Omni BZ | 97.738 | 0 | get 0.0000% / 4h | 1h 45m | $9.4M | $6.8M | — |
Hotstuff BRENTOIL-PERP
Variational Omni BZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$20.16
- Price spread: −0.053% → 0.000%
- −$5.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.49
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago | 2.62 bp | doesn't fit | 3.2 bp −$32 | 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 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 | 96.817 | −0.995% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.530 | −0.266% | $235K | $416K | 15x | as long as short |
| BloFin BZ-USDT | −0.0055% | 4h | 97.780 | −0.010% | $1.5M | $98K | 50x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.829 | +0.040% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.821 | +0.032% | $147.7M | $353.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.790 | 0.000% | $10.3M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.810 | +0.020% | $16.1M | $20.0M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.791 | +0.001% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.770 | −0.020% | $9.3M | $10.9M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.830 | +0.041% | $28.0M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
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 BZshort | 0.0000% | 4h | 97.738 | −0.053% | $9.4M | $6.8M | — | |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.770 | −0.020% | $27K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.770 | −0.020% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.750 | −0.041% | $100K | $251K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.800 | +0.010% | $281K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.750 | −0.041% | $1.2M | $80K | 100x | as long as short |
| edgeX BZUSDC | +0.0010% | 4h | 97.792 | +0.002% | $225K | $229K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.313 | +0.535% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0012% | 1h | 101.86 | +4.162% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.820 | +0.031% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.834 | +0.045% | $678K | $3.4M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.819 | +0.030% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.833 | +0.044% | $155.0M | $119.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.804 | +0.014% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.760 | −0.031% | $3.1M | $999K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 97.795 | +0.005% | $7K | $41K | 5x | as long as short |
| Hotstuff BRENTOIL-PERPlong | +0.0096% | 1h | 97.790 | long leg | $34K | — | 20x | |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.830 | +0.041% | $3.8M | $827K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.850 | +0.061% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.765 | −0.026% | $82K | $208K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.765 | −0.026% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]