Spread before costs (cost unknown: a leg has no order-book sample)−0.005%
7d average—if it closes, per $10,000$1funding while held, a day−$1.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 96.160 | 0 | get 0.0000% / 8h | 5h 45m | $10.5M | $16.6M | 100x |
| Short | GMX BRENTOIL/USD [ETH-USDC] | 96.155 | L +0.0014% / S +0.0047% | pay 0.0006% / 1h | 45m 50s | $35K | — | 111x |
Bybit BZUSDT
GMX BRENTOIL/USD [ETH-USDC]Price 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
- −$0.52
- Funding while held
- −$1.41
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$24.93
- Spread needed to break even
- 0.230%
Slippage unknown: Bybit: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0047%
- Per $10,000 a day
- −$1.41
- 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 Bybit live order book, 4 min ago | 0.52 bp | 7.9 bp −$8 | 12.2 bp −$122 | 71.3 bp −$7,125 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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
Coinbase International95.950+11.080%Phemex96.090+11.242%Gate96.110+11.265%Variational Omni96.117+11.274%edgeX96.122+11.279%HTX96.130+11.289%OKX96.140+11.300%KuCoin96.140+11.300%
Injective
Coinbase International
Phemex
Gate
Variational Omni
HTX
OKX
KuCoinGMX96.155+11.318%
Bybit96.160+11.323%
Ondo Perps96.160+11.323%Binance96.164+11.328%Aster96.166+11.330%Aftermath Perps96.170+11.335%Lighter96.170+11.335%Bitget96.180+11.347%SunX96.190+11.358%BloFin96.190+11.358%Kraken Futures96.190+11.358%RISEx96.190+11.359%Paradex96.191+11.359%Extended96.198+11.367%Deribit96.200+11.370%ApeX Omni96.210+11.381%tradeXYZ96.213+11.385%Hotstuff96.220+11.393%Polymarket Perps96.228+11.402%gTrade (Gains Network)96.885+12.163%Vest100.22+16.024%
Ondo Perps
Binance
Aster
Lighter
Bitget
SunX
BloFin
Kraken Futures
RISEx
Paradex
Extended
Deribit
ApeX Omni
tradeXYZ
Hotstuff
Polymarket Perps
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 | −10.172% | −0.0220% | 1h | $9K | $4K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.218% | −0.0040% | 1h | $231K | $855K | 15x | as long as short |
| Phemex XBRUSDT | −0.073% | 0.0000% | 4h | $1.2M | $101K | 100x | as long as short |
| Gate BZ_USDT | −0.052% | 0.0000% | 8h | $9.2M | $18.5M | 100x | as long as short |
| Variational Omni BZ | −0.044% | 0.0000% | 4h | $9.6M | $12.3M | — | as long as short |
| edgeX BZUSDC | −0.040% | +0.0014% | 4h | $220K | $235K | 20x | as long as short |
| HTX BRENTOIL-USDT | −0.031% | 0.0000% | 4h | $284K | $162K | 75x | as long as short |
| OKX BZ-USDT-SWAP | −0.021% | 0.0000% | 4h | $15.9M | $30.0M | 50x | as long as short |
| KuCoin BZUSDTM | −0.021% | +0.0100% | 4h | $3.8M | $943K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]short | −0.005% | L +0.0014% / S +0.0047% | 1h | $35K | — | 111x |