BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h −0.011%

Price spread now: Hotstuff against Polymarket Perps−0.031%54s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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

Funding pays, the price is against you. Hotstuff is 0.031% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day). The two prices were read 54 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	Polymarket Perps BRENTOIL-USD	96.290	0.0050	pay 0.0006% / 1h	51m 29s	$1.5M	$502K	20x
Short	Hotstuff BRENTOIL-PERP	96.260	0.0168	get 0.0021% / 1h	51m 29s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Polymarket Perps. 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 Polymarket PerpsbpFee HotstuffbpOrdersPrice spread, now −0.031%Rate

Funding earned: $24.78
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $8.66
Costs to cover: 0.130%
Break-even: 4.6 days

Slippage unknown: Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	2.54 bp	6.5 bp −$7	7.2 bp −$72	16.9 bp −$1,688	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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−0.078%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.810%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.228%	$232K	$483K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.083%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.160	−0.135%	$145.7M	$437.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.180	−0.114%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.150	−0.145%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.160	−0.135%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.130	−0.166%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.180	−0.114%	$27.6M	$20.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.142	−0.154%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	−0.054%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.240	−0.052%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.250	−0.042%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.156%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.073%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	96.183	−0.111%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.793	+0.522%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.244	−0.048%	$83K	$233K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0026%	1h	96.140	−0.156%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	96.174	−0.121%	$3K	$521	5x	as long as short
Extended XBR-USD	+0.0040%	1h	96.193	−0.101%	$755K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.29	+4.154%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	96.200	−0.093%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.220	−0.073%	$151.0M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.290	long leg	$1.5M	$502K	20x
BloFin BZ-USDT	+0.0057%	4h	96.230	−0.062%	$1.5M	$95K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.250	−0.042%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.260	−0.031%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0168%	1h	96.260	−0.031%	$33K	—	20x
Aftermath Perps BRENTUSD	+0.0605%	1h	96.166	−0.129%	$6K	$44K	5x	as long as short