After costs, if the gap returns to its 7d average, $10k−$47
spread now+0.054%7d average+0.167%fees + slippage, in and out−$36spread needed0.358%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BZ_USDT | 95.460 | 0 | get 0.0000% / 8h | 6h 52m | $9.2M | $18.4M | 100x |
| Short | Polymarket Perps BRENTOIL-USD | 95.512 | 0.0050 | get 0.0006% / 1h | 52m 54s | $1.5M | $549K | 20x |
Gate BZ_USDT
Polymarket Perps BRENTOIL-USDPrice 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
- $5.45
- Funding while held
- $1.5
- Slippage, 4 orders
- −$12.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.9
- Spread needed to break even
- 0.358%
Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 Gate live order book, 2 min ago | 0.52 bp | 11.0 bp −$11 | 20.7 bp −$207 | 33.7 bp −$3,367 | 47.8 bp −$23.9K |
| Sell Polymarket Perps live order book, 2 min ago | 2.82 bp | 6.8 bp −$7 | 7.2 bp −$72 | 18.1 bp −$1,811 | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.482cheapest
InjectiveGate95.460+1.035%
BloFin95.460+1.035%Bybit95.470+1.046%OKX95.480+1.056%Ondo Perps95.480+1.056%Bitget95.480+1.056%Coinbase International95.480+1.056%HTX95.480+1.056%Paradex95.482+1.058%GMX95.495+1.072%Aftermath Perps95.496+1.073%Aster95.500+1.077%Binance95.500+1.077%Hotstuff95.500+1.077%KuCoin95.500+1.077%Lighter95.510+1.088%SunX95.510+1.088%
BloFin
Bybit
OKX
Ondo Perps
Bitget
Coinbase International
HTX
Paradex
GMX
Aster
Binance
Hotstuff
KuCoin
Lighter
SunXPolymarket Perps95.512+1.090%
RISEx95.521+1.100%Kraken Futures95.521+1.100%tradeXYZ95.529+1.108%Variational Omni95.529+1.108%Extended95.535+1.115%Deribit95.550+1.130%edgeX95.552+1.133%ApeX Omni95.580+1.162%Phemex95.700+1.289%gTrade (Gains Network)96.221+1.840%Vest99.480+5.290%
RISEx
Kraken Futures
tradeXYZ
Variational Omni
Extended
Deribit
ApeX Omni
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 | −1.025% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Gate BZ_USDTlong | 0.000% | 0.0000% | 8h | $9.2M | $18.4M | 100x | |
| BloFin BZ-USDT | 0.000% | −0.0012% | 4h | $1.5M | $80K | 50x | as long as short |
| Bybit BZUSDT | +0.010% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | +0.021% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Ondo Perps BRENT-USD.P | +0.021% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| Bitget BZUSDT | +0.021% | 0.0000% | 4h | $27.6M | $22.4M | 100x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.021% | −0.0024% | 1h | $266K | $713K | 15x | as long as short |
| HTX BRENTOIL-USDT | +0.021% | 0.0000% | 4h | $282K | $131K | 75x | as long as short |
| Paradex BZ-USD-PERP | +0.023% | +0.0041% | 8h | $3K | $282 | 5x | 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] | +0.037% | L +0.0018% / S +0.0043% | 1h | $35K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.038% | −0.0050% | 1h | $6K | $49K | 5x | as long as short |
| Aster BZUSDT | +0.042% | 0.0000% | 4h | $340K | $1.6M | 50x | as long as short |
| Binance BZUSDT | +0.042% | −0.0010% | 4h | $144.9M | $452.2M | 100x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.042% | +0.0032% | 1h | $33K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.042% | +0.0100% | 4h | $3.7M | $928K | 50x | as long as short |
| Lighter BRENTOIL | +0.052% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| SunX BRENTOIL-USDT | +0.052% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USDshort | +0.054% | +0.0050% | 1h | $1.5M | $549K | 20x | |
| RISEx BZ/USDC | +0.064% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.064% | −0.0324% | 1h | $81K | $299K | 20x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.072% | +0.0050% | 1h | $134.7M | $134.1M | 20x | as long as short |
| Variational Omni BZ | +0.073% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| Extended XBR-USD | +0.079% | +0.0032% | 1h | $675K | $5.2M | 10x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.094% | 0.0000% | 1h | $102K | $283K | 15x | as long as short |
| edgeX BZUSDC | +0.097% | +0.0003% | 4h | $219K | $235K | 20x | as long as short |
| ApeX Omni BZUSDT | +0.126% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Phemex XBRUSDT | +0.251% | 0.0000% | 4h | $1.2M | $98K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.797% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.211% | +0.0046% | 1h | — | $593K | 10x | as long as short |