Spread before costs (cost unknown: a leg has no order-book sample)−0.708%
7d average—if it closes, per $10,000$71funding while held, a day+$0.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BRENT/USD | 96.785 | L +0.0011% / S −0.0011% | pay 0.0001% / 1h | 23m 13s | — | — | — |
| Short | Lighter BRENTOIL | 96.100 | 0.0032 | get 0.0004% / 1h | 23m 13s | $3.2M | $3.8M | 20x |
gTrade (Gains Network) BRENT/USD
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
- −$70.82
- Funding while held
- $0.62
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$80.2
- Spread needed to break even
- 0.100%
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0021%
- Per $10,000 a day
- +$0.62
- 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 Lighter live order book, 6 min ago | 1.04 bp | 2.0 bp −$2 | 3.6 bp −$36 | 17.7 bp −$1,773 | doesn't fit |
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.Injective86.539cheapest
Gate96.000+10.933%KuCoin96.010+10.944%RISEx96.040+10.979%GMX96.045+10.985%Ondo Perps96.050+10.990%Paradex96.052+10.992%edgeX96.055+10.996%Binance96.060+11.002%Bybit96.060+11.002%HTX96.060+11.002%tradeXYZ96.070+11.014%OKX96.070+11.014%SunX96.070+11.014%BloFin96.070+11.014%Polymarket Perps96.071+11.015%Kraken Futures96.075+11.019%Variational Omni96.077+11.021%Deribit96.080+11.025%Aster96.090+11.037%Bitget96.090+11.037%
Injective
Gate
KuCoin
RISEx
GMX
Ondo Perps
Paradex
Binance
Bybit
HTX
tradeXYZ
OKX
SunX
BloFin
Polymarket Perps
Kraken Futures
Variational Omni
Deribit
Aster
BitgetLighter96.100+11.048%
Extended96.108+11.058%Hotstuff96.120+11.071%ApeX Omni96.120+11.071%Aftermath Perps96.152+11.109%Coinbase International96.320+11.302%Phemex96.400+11.395%
Extended
Hotstuff
ApeX Omni
Coinbase International
PhemexgTrade (Gains Network)96.785+11.840%
Vest100.11+15.682%
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 | −10.587% | −0.0220% | 1h | $13K | $97 | 30x | as long as short |
| Gate BZ_USDT | −0.811% | 0.0000% | 8h | $9.2M | $17.5M | 100x | as long as short |
| KuCoin BZUSDTM | −0.801% | +0.0100% | 4h | $3.7M | $891K | 50x | as long as short |
| RISEx BZ/USDC | −0.770% | −0.0048% | 1h | $2.2M | $579K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.765% | L +0.0037% / S +0.0056% | 1h | $43K | — | 111x | as long as short |
| Ondo Perps BRENT-USD.P | −0.760% | +0.0008% | 1h | $3.0M | $915K | 15x | as long as short |
| Paradex BZ-USD-PERP | −0.758% | +0.0044% | 8h | $3K | $282 | 5x | as long as short |
| edgeX BZUSDC | −0.755% | +0.0008% | 4h | $220K | $236K | 20x | as long as short |
| Binance BZUSDT | −0.749% | −0.0004% | 4h | $146.7M | $420.6M | 100x | as long as short |
| Bybit BZUSDT | −0.749% | 0.0000% | 8h | $10.8M | $15.2M | 100x | as long as short |