Spread before costs (cost unknown: a leg has no order-book sample)+0.220%
7d average+0.229%if it closes, per $10,000$22funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BZUSDT | 95.490 | 0 | get 0.0000% / 4h | 2h 53m | $27.6M | $22.4M | 100x |
| Short | Phemex XBRUSDT | 95.700 | 0 | get 0.0000% / 4h | 2h 53m | $1.2M | $98K | 100x |
Bitget BZUSDT
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
- $21.99
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.01
- Spread needed to break even
- 0.240%
Slippage unknown: Bitget: live order book, 2 min ago; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Bitget live order book, 2 min ago | 0.52 bp | 7.5 bp −$7 | 9.0 bp −$90 | 25.4 bp −$2,535 | 55.9 bp −$28.0K |
| Sell Phemex live order book, 1 min ago | 7.32 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.482cheapestGate95.460+1.035%BloFin95.460+1.035%Bybit95.470+1.046%Ondo Perps95.480+1.056%Coinbase International95.480+1.056%HTX95.480+1.056%Paradex95.482+1.058%OKX95.490+1.067%
Injective
Gate
BloFin
Bybit
Ondo Perps
Coinbase International
HTX
Paradex
OKXBitget95.490+1.067%
GMX95.495+1.072%Aftermath Perps95.496+1.073%Aster95.500+1.077%Binance95.500+1.077%Hotstuff95.500+1.077%KuCoin95.500+1.077%Lighter95.510+1.088%SunX95.510+1.088%Polymarket Perps95.512+1.090%RISEx95.521+1.100%Kraken Futures95.521+1.100%tradeXYZ95.529+1.108%Variational Omni95.529+1.108%Extended95.549+1.130%Deribit95.550+1.130%edgeX95.552+1.133%ApeX Omni95.580+1.162%
GMX
Aster
Binance
Hotstuff
KuCoin
Lighter
SunX
Polymarket Perps
RISEx
Kraken Futures
tradeXYZ
Variational Omni
Extended
Deribit
ApeX OmniPhemex95.700+1.289%
gTrade (Gains Network)96.221+1.840%Vest99.480+5.290%
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 | −1.056% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Gate BZ_USDT | −0.031% | 0.0000% | 8h | $9.2M | $18.4M | 100x | as long as short |
| BloFin BZ-USDT | −0.031% | −0.0012% | 4h | $1.5M | $80K | 50x | as long as short |
| Bybit BZUSDT | −0.021% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.010% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.010% | −0.0024% | 1h | $266K | $713K | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.010% | 0.0000% | 4h | $282K | $131K | 75x | as long as short |
| Paradex BZ-USD-PERP | −0.009% | +0.0041% | 8h | $3K | $282 | 5x | as long as short |
| OKX BZ-USDT-SWAP | 0.000% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Bitget BZUSDTlong | 0.000% | 0.0000% | 4h | $27.6M | $22.4M | 100x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | +0.005% | L +0.0018% / S +0.0043% | 1h | $35K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.006% | −0.0050% | 1h | $6K | $49K | 5x | as long as short |
| Aster BZUSDT | +0.010% | 0.0000% | 4h | $340K | $1.6M | 50x | as long as short |
| Binance BZUSDT | +0.010% | −0.0010% | 4h | $144.9M | $452.2M | 100x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.010% | +0.0032% | 1h | $33K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.010% | +0.0100% | 4h | $3.7M | $928K | 50x | as long as short |
| Lighter BRENTOIL | +0.021% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| SunX BRENTOIL-USDT | +0.021% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.023% | +0.0050% | 1h | $1.5M | $549K | 20x | as long as short |
| RISEx BZ/USDC | +0.032% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.033% | −0.0324% | 1h | $81K | $299K | 20x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.041% | +0.0050% | 1h | $134.7M | $134.1M | 20x | as long as short |
| Variational Omni BZ | +0.041% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| Extended XBR-USD | +0.062% | +0.0032% | 1h | $675K | $5.2M | 10x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.063% | 0.0000% | 1h | $102K | $283K | 15x | as long as short |
| edgeX BZUSDC | +0.065% | +0.0003% | 4h | $219K | $235K | 20x | as long as short |
| ApeX Omni BZUSDT | +0.094% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Phemex XBRUSDTshort | +0.220% | 0.0000% | 4h | $1.2M | $98K | 100x | |
| gTrade (Gains Network) BRENT/USD | +0.765% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.178% | +0.0046% | 1h | — | $593K | 10x | as long as short |