BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.076%

Price spread now: Hotstuff against Injective+0.569%45s7-day average — · you sell dearer than you buy

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

Long on Injective 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 +$2 a day on $10k at the current rate, and Hotstuff is 0.569% dearer against Injective than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	Injective BRENT/USDC PERP	95.248	−0.0220	get 0.0028% / 1h	48m 37s	$8K	$7K	30x
Short	Hotstuff BRENTOIL-PERP	95.790	−0.0152	pay 0.0019% / 1h	48m 37s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Injective. 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 InjectivebpFee HotstuffbpOrdersPrice spread, now +0.569%Rate

Funding earned: $14.28
Price spread: +0.569% → 0.000%: $56.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $66.16
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Injective 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 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0799% / S +0.0481%	1h	95.765	+0.543%	$114K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0593%	1h	95.750	+0.527%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERPlong	−0.0220%	1h	95.248	long leg	$8K	$7K	30x
tradeXYZ xyz:BRENTOIL	−0.0182%	1h	95.805	+0.585%	$147.4M	$146.6M	20x	as long as short
Lighter BRENTOIL	−0.0176%	1h	95.810	+0.590%	$3.3M	$4.2M	20x	as long as short
Hotstuff BRENTOIL-PERPshort	−0.0152%	1h	95.790	+0.569%	$33K	—	20x
RISEx BZ/USDC	−0.0075%	1h	95.779	+0.557%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.740	+0.517%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	+0.538%	$34K	$396K	25x	as long as short
Paradex BZ-USD-PERP	−0.0018%	8h	95.762	+0.540%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.842%	$232K	$680K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.833	+0.614%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.780	+0.559%	$145.4M	$482.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.760	+0.538%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.770	+0.548%	$15.7M	$28.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.760	+0.538%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.780	+0.559%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	+0.513%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.790	+0.569%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.800	+0.580%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.740	+0.517%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.820	+0.601%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	+0.512%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0017%	1h	95.803	+0.582%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.903	+0.687%	$675K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.720	+4.695%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.806	+0.586%	$1.5M	$531K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.790	+0.569%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.780	+0.559%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.808	+0.587%	$81K	$244K	20x	as long as short