After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.083%7d average+0.177%fees + slippage, in and out−$18spread needed0.181%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BRENTOIL-PERP-INTX | 96.310 | −0.0048 | get 0.0006% / 1h | 34m 28s | $259K | $667K | 15x |
| Short | Lighter BRENTOIL | 96.230 | 0.0032 | get 0.0004% / 1h | 34m 28s | $3.2M | $3.8M | 20x |
Coinbase International BRENTOIL-PERP-INTX
Lighter BRENTOILPrice 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
- −$8.31
- Funding while held
- $2.4
- Slippage, 4 orders
- −$8.08
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.99
- Spread needed to break even
- 0.181%
Slippage from Coinbase International: live order book, 15 min ago; Lighter: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0080%
- Per $10,000 a day
- +$2.40
- 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 Coinbase International live order book, 15 min ago | 2.08 bp | 9.0 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 0.52 bp | 1.5 bp −$1 | 3.0 bp −$30 | 14.4 bp −$1,436 | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective86.539cheapest
GMX96.115+11.066%Binance96.136+11.090%OKX96.150+11.106%Gate96.150+11.106%Bybit96.170+11.129%Bitget96.170+11.129%HTX96.170+11.129%tradeXYZ96.176+11.136%RISEx96.176+11.136%Ondo Perps96.180+11.141%Aftermath Perps96.187+11.148%Hotstuff96.190+11.152%Paradex96.193+11.156%edgeX96.200+11.163%Aster96.200+11.164%Polymarket Perps96.201+11.165%KuCoin96.210+11.175%BloFin96.210+11.175%Kraken Futures96.221+11.188%Extended96.221+11.188%Variational Omni96.226+11.194%
Injective
GMX
Binance
OKX
Gate
Bybit
Bitget
HTX
tradeXYZ
RISEx
Ondo Perps
Hotstuff
Paradex
Aster
Polymarket Perps
KuCoin
BloFin
Kraken Futures
Extended
Variational OmniLighter96.230+11.198%
SunX96.250+11.222%Deribit96.260+11.233%ApeX Omni96.280+11.256%
SunX
Deribit
ApeX OmniCoinbase International96.310+11.291%
Phemex96.730+11.776%gTrade (Gains Network)96.867+11.934%Vest100.06+15.624%
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 | −10.145% | −0.0220% | 1h | $13K | $97 | 30x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.202% | L +0.0039% / S +0.0055% | 1h | $43K | — | 111x | as long as short |
| Binance BZUSDT | −0.181% | −0.0001% | 4h | $147.0M | $418.2M | 100x | as long as short |
| OKX BZ-USDT-SWAP | −0.166% | 0.0000% | 4h | $16.3M | $30.1M | 50x | as long as short |
| Gate BZ_USDT | −0.166% | 0.0000% | 8h | $9.2M | $17.4M | 100x | as long as short |
| Bybit BZUSDT | −0.145% | 0.0000% | 8h | $10.9M | $15.0M | 100x | as long as short |
| Bitget BZUSDT | −0.145% | 0.0000% | 4h | $28.5M | $19.9M | 100x | as long as short |
| HTX BRENTOIL-USDT | −0.145% | 0.0000% | 4h | $286K | $123K | 75x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.139% | +0.0050% | 1h | $138.1M | $118.0M | 20x | as long as short |
| RISEx BZ/USDC | −0.139% | −0.0048% | 1h | $2.2M | $574K | 20x | as long as short |