After costs, if the gap returns to its 7d average, $10k−$27
spread now−0.040%7d average+0.001%fees + slippage, in and out−$23spread needed0.230%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BRENTOIL_USDC-PERPETUAL | 96.250 | −0.0062 | get 0.0008% / 1h | 37m 50s | $103K | $256K | 15x |
| Short | Binance BZUSDT | 96.212 | −0.0004 | pay 0.0002% / 4h | 37m 50s | $147.3M | $418.2M | 100x |
Deribit BRENTOIL_USDC-PERPETUAL
Binance BZUSDTPrice 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
- −$3.96
- Funding while held
- $1.73
- Slippage, 4 orders
- −$6.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.26
- Spread needed to break even
- 0.230%
Slippage from Deribit: live order book, 58 min ago; Binance: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0058%
- Per $10,000 a day
- +$1.73
- 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 Deribit live order book, 58 min ago | 1.56 bp | 6.9 bp −$7 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.52 bp | 5.5 bp −$6 | 6.2 bp −$62 | 12.7 bp −$1,269 | 44.8 bp −$22.4K |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective95.465cheapestedgeX95.975+0.534%Variational Omni95.976+0.535%ApeX Omni96.010+0.571%Ondo Perps96.150+0.718%Gate96.150+0.718%Aftermath Perps96.165+0.733%HTX96.170+0.738%OKX96.190+0.759%BloFin96.190+0.759%GMX96.195+0.765%Bybit96.200+0.770%Aster96.210+0.780%Bitget96.210+0.780%
Injective
Variational Omni
ApeX Omni
Ondo Perps
Gate
HTX
OKX
BloFin
GMX
Bybit
Aster
BitgetBinance96.212+0.782%
RISEx96.222+0.793%Hotstuff96.230+0.801%Polymarket Perps96.233+0.804%Lighter96.240+0.812%SunX96.240+0.812%Paradex96.247+0.819%Extended96.248+0.821%tradeXYZ96.249+0.821%
RISEx
Hotstuff
Polymarket Perps
Lighter
SunX
Paradex
Extended
tradeXYZDeribit96.250+0.822%
Kraken Futures96.251+0.824%KuCoin96.280+0.854%Coinbase International96.310+0.885%Phemex96.790+1.388%gTrade (Gains Network)96.935+1.540%Vest99.920+4.667%
Kraken Futures
KuCoin
Coinbase International
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 | −0.816% | −0.0220% | 1h | $15K | $96 | 30x | as long as short |
| edgeX BZUSDC | −0.286% | −0.0003% | 4h | $219K | $235K | 20x | as long as short |
| Variational Omni BZ | −0.285% | 0.0000% | 4h | $9.6M | $12.1M | — | as long as short |
| ApeX Omni BZUSDT | −0.249% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.104% | +0.0025% | 1h | $3.0M | $906K | 15x | as long as short |
| Gate BZ_USDT | −0.104% | 0.0000% | 8h | $9.2M | $17.4M | 100x | as long as short |
| Aftermath Perps BRENTUSD | −0.088% | −0.0008% | 1h | $7K | $50K | 5x | as long as short |
| HTX BRENTOIL-USDT | −0.083% | 0.0000% | 4h | $286K | $123K | 75x | as long as short |
| OKX BZ-USDT-SWAP | −0.062% | 0.0000% | 4h | $16.3M | $30.0M | 50x | as long as short |
| BloFin BZ-USDT | −0.062% | +0.0011% | 4h | $1.6M | $73K | 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] | −0.057% | L +0.0040% / S +0.0054% | 1h | $43K | — | 111x | as long as short |
| Bybit BZUSDT | −0.052% | 0.0000% | 8h | $10.8M | $14.9M | 100x | as long as short |
| Aster BZUSDT | −0.042% | 0.0000% | 4h | $338K | $1.6M | 50x | as long as short |
| Bitget BZUSDT | −0.042% | 0.0000% | 4h | $28.6M | $19.8M | 100x | as long as short |
| Binance BZUSDTshort | −0.040% | −0.0004% | 4h | $147.3M | $418.2M | 100x | |
| RISEx BZ/USDC | −0.029% | −0.0048% | 1h | $2.2M | $572K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.021% | −0.0048% | 1h | $33K | — | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | −0.018% | +0.0050% | 1h | $1.6M | $566K | 20x | as long as short |
| Lighter BRENTOIL | −0.010% | +0.0032% | 1h | $3.2M | $3.8M | 20x | as long as short |
| SunX BRENTOIL-USDT | −0.010% | 0.0000% | 4h | $4K | $2.6M | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.004% | +0.0044% | 8h | $3K | $282 | 5x | as long as short |
| Extended XBR-USD | −0.002% | +0.0032% | 1h | $685K | $5.0M | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.001% | +0.0050% | 1h | $138.5M | $117.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALlong | 0.000% | −0.0062% | 1h | $103K | $256K | 15x | |
| Kraken Futures PF_BRENTOILUSD | +0.001% | +0.0066% | 1h | $82K | $367K | 20x | as long as short |
| KuCoin BZUSDTM | +0.031% | +0.0100% | 4h | $3.7M | $888K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.062% | −0.0048% | 1h | $259K | $667K | 15x | as long as short |
| Phemex XBRUSDT | +0.561% | +0.0888% | 4h | $1.2M | $91K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.712% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +3.813% | −0.0099% | 1h | — | $128K | 10x | as long as short |