Spread before costs (cost unknown: a leg has no order-book sample)−0.733%
7d average—if it closes, per $10,000$73funding while held, a day−$0.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BRENT/USD | 96.658 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 26m 06s | — | — | — |
| Short | Binance BZUSDT | 95.950 | −0.0015 | pay 0.0007% / 4h | 1h 26m | $149.0M | $405.2M | 100x |
gTrade (Gains Network) BRENT/USD
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
- −$73.26
- Funding while held
- −$0.79
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.05
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0026%
- Per $10,000 a day
- −$0.79
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.52 bp | 5.5 bp −$6 | 5.5 bp −$55 | 10.5 bp −$1,051 | 51.0 bp −$25.5K |
gTrade (Gains Network): 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.Injective86.638cheapest
edgeX95.791+10.564%ApeX Omni95.890+10.679%Variational Omni95.902+10.693%Deribit95.910+10.702%Gate95.920+10.714%SunX95.940+10.737%Extended95.950+10.748%
Injective
ApeX Omni
Variational Omni
Deribit
Gate
SunX
ExtendedBinance95.950+10.748%
Bybit95.950+10.748%Bitget95.950+10.748%tradeXYZ95.961+10.761%GMX95.965+10.765%Aster95.969+10.770%OKX95.970+10.771%Lighter95.980+10.783%HTX95.990+10.794%RISEx96.007+10.814%Kraken Futures96.008+10.815%Ondo Perps96.010+10.817%KuCoin96.020+10.829%Aftermath Perps96.024+10.834%Paradex96.036+10.848%Polymarket Perps96.041+10.853%BloFin96.050+10.864%Hotstuff96.100+10.921%Coinbase International96.560+11.452%
Bybit
Bitget
tradeXYZ
GMX
Aster
OKX
Lighter
HTX
RISEx
Kraken Futures
Ondo Perps
KuCoin
Paradex
Polymarket Perps
BloFin
Hotstuff
Coinbase InternationalgTrade (Gains Network)96.658+11.565%
Phemex96.880+11.822%Vest99.420+14.753%
Phemex
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 | −10.367% | −0.0220% | 1h | $13K | $97 | 30x | as long as short |
| edgeX BZUSDC | −0.897% | −0.0002% | 4h | $219K | $235K | 20x | as long as short |
| ApeX Omni BZUSDT | −0.795% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Variational Omni BZ | −0.782% | 0.0000% | 4h | $9.7M | $12.1M | — | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.774% | −0.0271% | 1h | $103K | $239K | 15x | as long as short |
| Gate BZ_USDT | −0.764% | 0.0000% | 8h | $9.3M | $17.1M | 100x | as long as short |
| SunX BRENTOIL-USDT | −0.743% | 0.0000% | 4h | $4K | $2.4M | 20x | as long as short |
| Extended XBR-USD | −0.733% | +0.0032% | 1h | $687K | $5.0M | 10x | as long as short |
| Binance BZUSDTshort | −0.733% | −0.0015% | 4h | $149.0M | $405.2M | 100x | |
| Bybit BZUSDT | −0.733% | 0.0000% | 8h | $10.9M | $14.3M | 100x | as long as short |