BZ

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After costs, if the gap returns to its 7d average, $10k−$32

spread now−0.021%7d average−0.041%fees + slippage, in and out−$35spread needed0.345%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	96.380	0	get 0.0000% / 8h	5h 07m	$10.4M	$16.6M	100x
Short	HTX BRENTOIL-USDT	96.360	0	get 0.0000% / 4h	1h 07m	$285K	$162K	75x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BybitbpFee HTXbpOrdersClose when spread is

Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 26 min ago.

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, 2 min ago	0.52 bp	8.4 bp −$8	12.0 bp −$120	73.2 bp −$7,325	doesn't fit
Sell HTX live order book, 26 min ago	2.60 bp	8.6 bp −$9	9.6 bp −$96	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−10.137%	−0.0220%	1h	$9K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.208%	−0.0040%	1h	$230K	$839K	15x	as long as short
KuCoin BZUSDTM	−0.062%	+0.0100%	4h	$3.8M	$949K	50x	as long as short
Gate BZ_USDT	−0.052%	0.0000%	8h	$9.2M	$18.7M	100x	as long as short
edgeX BZUSDC	−0.046%	+0.0002%	4h	$220K	$234K	20x	as long as short
Variational Omni BZ	−0.042%	0.0000%	4h	$9.6M	$11.7M	—	as long as short
Ondo Perps BRENT-USD.P	−0.021%	+0.0050%	1h	$3.1M	$1.1M	15x	as long as short
HTX BRENTOIL-USDTshort	−0.021%	0.0000%	4h	$285K	$162K	75x
Aster BZUSDT	−0.018%	0.0000%	4h	$334K	$1.7M	50x	as long as short
OKX BZ-USDT-SWAP	−0.010%	0.0000%	4h	$16.0M	$30.1M	50x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BRENTOIL/USD [ETH-USDC]	−0.010%	L +0.0012% / S +0.0049%	1h	$35K	—	111x	as long as short
Phemex XBRUSDT	−0.010%	0.0000%	4h	$1.2M	$100K	100x	as long as short
Bybit BZUSDTlong	0.000%	0.0000%	8h	$10.4M	$16.6M	100x
Binance BZUSDT	0.000%	0.0000%	4h	$144.9M	$466.9M	100x	as long as short
RISEx BZ/USDC	+0.004%	0.0000%	1h	$2.1M	$1.2M	20x	as long as short
Bitget BZUSDT	+0.010%	0.0000%	4h	$27.8M	$23.0M	100x	as long as short
SunX BRENTOIL-USDT	+0.010%	0.0000%	4h	$4K	$2.6M	20x	as long as short
Aftermath Perps BRENTUSD	+0.012%	+0.0075%	1h	$6K	$48K	5x	as long as short
Paradex BZ-USD-PERP	+0.020%	+0.0049%	8h	$3K	$473	5x	as long as short
Lighter BRENTOIL	+0.021%	+0.0032%	1h	$3.3M	$4.4M	20x	as long as short
BloFin BZ-USDT	+0.021%	+0.0022%	4h	$1.5M	$96K	50x	as long as short
Extended XBR-USD	+0.040%	+0.0032%	1h	$674K	$5.2M	10x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	+0.042%	0.0000%	1h	$103K	$279K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.045%	+0.0085%	1h	$81K	$304K	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.047%	+0.0050%	1h	$1.5M	$550K	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.049%	+0.0050%	1h	$150.3M	$143.8M	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.052%	+0.0072%	1h	$33K	—	20x	as long as short
ApeX Omni BZUSDT	+0.073%	+0.0100%	1h	$25K	$271K	50x	as long as short
gTrade (Gains Network) BRENT/USD	+0.767%	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Vest BZ-PERP	+4.254%	+0.0046%	1h	—	$653K	10x	as long as short