After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.042%7d average+0.002%fees + slippage, in and out−$22spread needed0.222%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BZUSDT | 95.420 | −0.0009 | get 0.0005% / 4h | 2h 49m | $144.8M | $452.3M | 100x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 95.460 | 0 | get 0.0000% / 1h | 49m 21s | $102K | $282K | 15x |
Binance BZUSDT
Deribit BRENTOIL_USDC-PERPETUALPrice 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
- $4.19
- Funding while held
- $0.27
- Slippage, 4 orders
- −$5.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$17.78
- Spread needed to break even
- 0.222%
Slippage from Binance: live order book, 11 min ago; Deribit: live order book, 36 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0009%
- Per $10,000 a day
- +$0.27
- 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 Binance live order book, 11 min ago | 0.52 bp | 5.6 bp −$6 | 7.7 bp −$77 | 15.4 bp −$1,542 | 55.9 bp −$28.0K |
| Sell Deribit live order book, 36 min ago | 0.52 bp | 4.0 bp −$4 | 4.9 bp −$49 | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.482cheapestGate95.370+0.940%Ondo Perps95.380+0.950%HTX95.380+0.950%Lighter95.410+0.982%OKX95.410+0.982%
Injective
Gate
Ondo Perps
HTX
Lighter
OKXBinance95.420+0.993%
Bybit95.420+0.993%KuCoin95.420+0.993%GMX95.425+0.998%Paradex95.427+1.000%Aster95.430+1.003%SunX95.430+1.003%BloFin95.430+1.003%tradeXYZ95.440+1.014%Bitget95.440+1.014%Variational Omni95.449+1.024%Polymarket Perps95.455+1.030%
Bybit
KuCoin
GMX
Paradex
Aster
SunX
BloFin
tradeXYZ
Bitget
Variational Omni
Polymarket PerpsDeribit95.460+1.035%
Extended95.466+1.041%edgeX95.469+1.044%Hotstuff95.470+1.046%RISEx95.475+1.051%ApeX Omni95.480+1.056%Coinbase International95.480+1.056%Aftermath Perps95.481+1.058%Kraken Futures95.491+1.068%Phemex95.610+1.194%gTrade (Gains Network)96.141+1.756%Vest99.420+5.226%
Extended
Hotstuff
RISEx
ApeX Omni
Coinbase International
Kraken Futures
Phemex
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 | −0.983% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Gate BZ_USDT | −0.052% | 0.0000% | 8h | $9.1M | $18.4M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.042% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.042% | 0.0000% | 4h | $282K | $125K | 75x | as long as short |
| Lighter BRENTOIL | −0.010% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| OKX BZ-USDT-SWAP | −0.010% | 0.0000% | 4h | $15.8M | $31.0M | 50x | as long as short |
| Binance BZUSDTlong | 0.000% | −0.0009% | 4h | $144.8M | $452.3M | 100x | |
| Bybit BZUSDT | 0.000% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| KuCoin BZUSDTM | 0.000% | +0.0100% | 4h | $3.7M | $928K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.005% | L +0.0018% / S +0.0044% | 1h | $35K | — | 111x | as long as short |