Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.011%
Price spread now: Hotstuff against Phemex+0.031%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 +$5 a day on $10k at the current rate, and Hotstuff is 0.031% dearer against Phemex than usual: you sell high and buy low: +$3 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 | Phemex XBRUSDT | 97.410 | 0 | get 0.0000% / 4h | 4m 51s | $1.2M | $86K | 100x |
| Short | Hotstuff BRENTOIL-PERP | 97.440 | 0.0168 | get 0.0021% / 1h | 4m 51s | $34K | — | 20x |
Phemex XBRUSDT
Hotstuff BRENTOIL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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
- $35.28
- Price spread: +0.031% → 0.000%
- $3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $21.36
- Costs to cover
- 0.170%
- Break-even
- 2.8 days
Slippage unknown: Phemex: live order book, 3 min ago; 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 Phemex live order book, 3 min ago | 2.57 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | 96.342 | −1.096% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0160% | 1h | 97.410 | 0.000% | $100K | $256K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.480 | +0.072% | $237K | $402K | 15x | as long as short |
| BloFin BZ-USDT | −0.0035% | 4h | 97.360 | −0.051% | $1.5M | $99K | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0015% | 1h | 97.350 | −0.062% | $3.1M | $1.0M | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.442 | +0.033% | $339K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.388 | −0.023% | $148.3M | $351.2M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.400 | −0.010% | $10.3M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.330 | −0.082% | $16.1M | $19.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.378 | −0.033% | $2.4M | $1.7M | 20x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Ondo Perps BRENT-USD.P
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.350 | −0.062% | $9.2M | $11.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.420 | +0.010% | $27.9M | $18.5M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.402 | −0.008% | $9.5M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.430 | +0.021% | $14K | $332K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.400 | −0.010% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.430 | +0.021% | $280K | $254K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.410 | long leg | $1.2M | $86K | 100x | |
| edgeX BZUSDC | +0.0003% | 4h | 97.432 | +0.023% | $224K | $229K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.45 | +4.147% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.975 | +0.580% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.420 | +0.010% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.444 | +0.035% | $743K | $2.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.398 | −0.012% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.429 | +0.020% | $155.5M | $115.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.433 | +0.024% | $1.6M | $395K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0078% | 1h | 97.332 | −0.080% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.390 | −0.021% | $3.8M | $801K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.450 | +0.041% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.414 | +0.004% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERPshort | +0.0168% | 1h | 97.440 | +0.031% | $34K | — | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.405 | −0.005% | $116K | — | 111x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]