After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.040%7d average−0.002%fees + slippage, in and out−$46spread needed0.465%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BRENTOIL_USDC-PERPETUAL | 95.780 | 0 | get 0.0000% / 1h | 26m 07s | $102K | $281K | 15x |
| Short | Kraken Futures PF_BRENTOILUSD | 95.742 | −0.0323 | pay 0.0040% / 1h | 26m 07s | $82K | $301K | 20x |
Deribit BRENTOIL_USDC-PERPETUAL
Kraken Futures PF_BRENTOILUSDPrice 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
- −$3.99
- Funding while held
- −$9.7
- Slippage, 4 orders
- −$29.49
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.18
- Spread needed to break even
- 0.465%
Slippage from Deribit: live order book, 59 min ago; Kraken Futures: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0323%
- Per $10,000 a day
- −$9.70
- 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, 59 min ago | 0.52 bp | 7.1 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 13 min ago | 5.60 bp | 20.9 bp −$21 | 36.7 bp −$367 | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.796cheapestVariational Omni95.470+0.711%edgeX95.560+0.806%ApeX Omni95.580+0.827%Aftermath Perps95.632+0.882%Coinbase International95.660+0.911%Ondo Perps95.690+0.943%BloFin95.690+0.943%Gate95.700+0.954%Paradex95.717+0.972%Aster95.730+0.985%HTX95.730+0.985%
Injective
Variational Omni
ApeX Omni
Coinbase International
Ondo Perps
BloFin
Gate
Paradex
Aster
HTXKraken Futures95.742+0.998%
Hotstuff95.750+1.006%KuCoin95.750+1.006%GMX95.755+1.012%Polymarket Perps95.760+1.017%RISEx95.766+1.023%Extended95.768+1.025%Bybit95.770+1.027%Lighter95.780+1.038%SunX95.780+1.038%
Hotstuff
KuCoin
GMX
Polymarket Perps
RISEx
Extended
Bybit
Lighter
SunXDeribit95.780+1.038%
OKX95.790+1.049%Bitget95.790+1.049%tradeXYZ95.791+1.050%Binance95.795+1.054%Phemex95.920+1.186%gTrade (Gains Network)96.457+1.752%Vest99.720+5.194%
OKX
Bitget
tradeXYZ
Binance
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 | −1.027% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Variational Omni BZ | −0.323% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| edgeX BZUSDC | −0.230% | +0.0004% | 4h | $219K | $234K | 20x | as long as short |
| ApeX Omni BZUSDT | −0.209% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| Aftermath Perps BRENTUSD | −0.155% | −0.0002% | 1h | $6K | $49K | 5x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.125% | −0.0024% | 1h | $250K | $780K | 15x | as long as short |
| Ondo Perps BRENT-USD.P | −0.094% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| BloFin BZ-USDT | −0.094% | −0.0049% | 4h | $1.5M | $81K | 50x | as long as short |
| Gate BZ_USDT | −0.084% | 0.0000% | 8h | $9.2M | $18.5M | 100x | as long as short |
| Paradex BZ-USD-PERP | −0.065% | +0.0045% | 8h | $3K | $473 | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster BZUSDT | −0.052% | 0.0000% | 4h | $334K | $1.6M | 50x | as long as short |
| HTX BRENTOIL-USDT | −0.052% | 0.0000% | 4h | $283K | $124K | 75x | as long as short |
| Kraken Futures PF_BRENTOILUSDshort | −0.040% | −0.0323% | 1h | $82K | $301K | 20x | |
| Hotstuff BRENTOIL-PERP | −0.031% | −0.0048% | 1h | $33K | — | 20x | as long as short |
| KuCoin BZUSDTM | −0.031% | +0.0100% | 4h | $3.8M | $926K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.026% | L +0.0017% / S +0.0045% | 1h | $35K | — | 111x | as long as short |
| Polymarket Perps BRENTOIL-USD | −0.021% | +0.0050% | 1h | $1.5M | $549K | 20x | as long as short |
| RISEx BZ/USDC | −0.015% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Extended XBR-USD | −0.013% | +0.0032% | 1h | $669K | $5.2M | 10x | as long as short |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.4M | $16.5M | 100x | as long as short |
| Lighter BRENTOIL | 0.000% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| SunX BRENTOIL-USDT | 0.000% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $102K | $281K | 15x | |
| OKX BZ-USDT-SWAP | +0.010% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Bitget BZUSDT | +0.010% | 0.0000% | 4h | $27.7M | $22.6M | 100x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.011% | +0.0050% | 1h | $145.8M | $140.2M | 20x | as long as short |
| Binance BZUSDT | +0.015% | 0.0000% | 4h | $144.7M | $455.9M | 100x | as long as short |
| Phemex XBRUSDT | +0.146% | 0.0000% | 4h | $1.2M | $98K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.707% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.114% | +0.0046% | 1h | — | $593K | 10x | as long as short |