Spread before costs (cost unknown: a leg has no order-book sample)+0.079%
7d average—if it closes, per $10,000$8funding while held, a day−$1.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps BRENTUSD | 96.064 | 0.0051 | pay 0.0006% / 1h | 50m 36s | $6K | $49K | 5x |
| Short | Phemex XBRUSDT | 96.140 | 0 | get 0.0000% / 4h | 1h 50m | $1.2M | $101K | 100x |
Phemex XBRUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $7.94
- Funding while held
- −$1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$14.59
- Spread needed to break even
- 0.210%
Slippage unknown: Aftermath Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0051%
- Per $10,000 a day
- −$1.54
- Average in range /8h
- —
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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 17.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Aftermath Perps: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective86.379cheapest
HTX95.880+10.999%Coinbase International95.950+11.080%KuCoin95.990+11.127%Gate96.010+11.150%ApeX Omni96.030+11.173%OKX96.040+11.184%edgeX96.048+11.194%Binance96.050+11.196%Ondo Perps96.050+11.196%RISEx96.068+11.216%Bybit96.070+11.219%Bitget96.070+11.219%GMX96.075+11.225%Paradex96.076+11.226%BloFin96.080+11.231%Aster96.082+11.233%Extended96.083+11.234%Lighter96.090+11.242%Hotstuff96.110+11.265%Deribit96.110+11.265%Variational Omni96.117+11.274%tradeXYZ96.134+11.293%SunX96.140+11.300%
Injective
HTX
Coinbase International
KuCoin
Gate
ApeX Omni
OKX
Binance
Ondo Perps
RISEx
Bybit
Bitget
GMX
Paradex
BloFin
Aster
Extended
Lighter
Hotstuff
Deribit
Variational Omni
tradeXYZ
SunXPhemex96.140+11.300%
Polymarket Perps96.146+11.307%Kraken Futures96.152+11.315%gTrade (Gains Network)96.818+12.085%Vest100.14+15.931%
Polymarket Perps
Kraken Futures
gTrade (Gains Network)
VestBZ on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −10.082% | −0.0220% | 1h | $9K | $4K | 30x | as long as short |
| HTX BRENTOIL-USDT | −0.191% | 0.0000% | 4h | $283K | $162K | 75x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.118% | −0.0040% | 1h | $231K | $855K | 15x | as long as short |
| KuCoin BZUSDTM | −0.077% | +0.0100% | 4h | $3.8M | $940K | 50x | as long as short |
| Gate BZ_USDT | −0.056% | 0.0000% | 8h | $9.2M | $18.5M | 100x | as long as short |
| ApeX Omni BZUSDT | −0.035% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| OKX BZ-USDT-SWAP | −0.025% | 0.0000% | 4h | $15.9M | $29.9M | 50x | as long as short |
| edgeX BZUSDC | −0.016% | +0.0016% | 4h | $220K | $235K | 20x | as long as short |
| Binance BZUSDT | −0.014% | 0.0000% | 4h | $144.1M | $461.0M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.014% | +0.0050% | 1h | $3.1M | $1.0M | 15x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps BRENTUSDlong | 0.000% | +0.0051% | 1h | $6K | $49K | 5x | |
| RISEx BZ/USDC | +0.004% | 0.0000% | 1h | $2.1M | $1.2M | 20x | as long as short |
| Bybit BZUSDT | +0.007% | 0.0000% | 8h | $10.5M | $16.6M | 100x | as long as short |
| Bitget BZUSDT | +0.007% | 0.0000% | 4h | $27.6M | $23.0M | 100x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.012% | L +0.0014% / S +0.0047% | 1h | $35K | — | 111x | as long as short |
| Paradex BZ-USD-PERP | +0.013% | +0.0048% | 8h | $3K | $473 | 5x | as long as short |
| BloFin BZ-USDT | +0.017% | +0.0058% | 4h | $1.5M | $82K | 50x | as long as short |
| Aster BZUSDT | +0.019% | 0.0000% | 4h | $330K | $1.6M | 50x | as long as short |
| Extended XBR-USD | +0.020% | +0.0032% | 1h | $678K | $5.2M | 10x | as long as short |
| Lighter BRENTOIL | +0.027% | +0.0032% | 1h | $3.2M | $4.1M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.048% | 0.0000% | 1h | $33K | — | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.048% | −0.0062% | 1h | $103K | $280K | 15x | as long as short |
| Variational Omni BZ | +0.056% | 0.0000% | 4h | $9.6M | $12.3M | — | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.073% | +0.0050% | 1h | $148.4M | $142.0M | 20x | as long as short |
| SunX BRENTOIL-USDT | +0.079% | 0.0000% | 4h | $4K | $2.6M | 20x | as long as short |
| Phemex XBRUSDTshort | +0.079% | 0.0000% | 4h | $1.2M | $101K | 100x | |
| Polymarket Perps BRENTOIL-USD | +0.086% | +0.0050% | 1h | $1.5M | $550K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.092% | +0.0085% | 1h | $82K | $303K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.785% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.243% | +0.0046% | 1h | — | $617K | 10x | as long as short |