Spread before costs (cost unknown: a leg has no order-book sample)−0.089%
7d average—if it closes, per $10,000$9funding while held, a day−$1.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BRENTOIL/USD [ETH-USDC] | 95.655 | L +0.0017% / S +0.0045% | pay 0.0002% / 1h | 28m 25s | $35K | — | 111x |
| Short | BloFin BZ-USDT | 95.570 | −0.0046 | pay 0.0023% / 4h | 2h 28m | $1.5M | $81K | 50x |
GMX BRENTOIL/USD [ETH-USDC]
BloFin BZ-USDTPrice 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
- −$8.89
- Funding while held
- −$1.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$34.75
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0062%
- Per $10,000 a day
- −$1.87
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 6 min ago | 0.52 bp | 7.5 bp −$8 | 9.4 bp −$94 | 19.7 bp −$1,967 | doesn't fit |
GMX: 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.Injective94.796cheapestVariational Omni95.470+0.711%Coinbase International95.480+0.722%HTX95.480+0.722%ApeX Omni95.500+0.743%edgeX95.507+0.750%Aftermath Perps95.538+0.783%Kraken Futures95.565+0.811%Ondo Perps95.570+0.816%
Injective
Variational Omni
Coinbase International
HTX
ApeX Omni
Kraken Futures
Ondo PerpsBloFin95.570+0.816%
SunX95.580+0.827%Deribit95.580+0.827%Lighter95.590+0.838%Paradex95.594+0.842%Aster95.604+0.852%Extended95.620+0.869%Hotstuff95.620+0.869%Gate95.640+0.890%RISEx95.647+0.897%Bybit95.650+0.901%KuCoin95.650+0.901%
SunX
Deribit
Lighter
Paradex
Aster
Extended
Hotstuff
Gate
RISEx
Bybit
KuCoinGMX95.655+0.906%
OKX95.680+0.933%Binance95.688+0.941%Bitget95.690+0.943%Phemex95.690+0.943%tradeXYZ95.714+0.968%Polymarket Perps95.740+0.996%gTrade (Gains Network)96.361+1.650%Vest99.670+5.142%
OKX
Binance
Bitget
Phemex
tradeXYZ
Polymarket Perps
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 | −0.898% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Variational Omni BZ | −0.193% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.183% | −0.0024% | 1h | $266K | $713K | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.183% | 0.0000% | 4h | $282K | $126K | 75x | as long as short |
| ApeX Omni BZUSDT | −0.162% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| edgeX BZUSDC | −0.155% | +0.0012% | 4h | $218K | $236K | 20x | as long as short |
| Aftermath Perps BRENTUSD | −0.122% | −0.0007% | 1h | $6K | $49K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.094% | −0.0324% | 1h | $81K | $299K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | −0.089% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| BloFin BZ-USDTshort | −0.089% | −0.0046% | 4h | $1.5M | $81K | 50x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX BRENTOIL-USDT | −0.078% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.078% | 0.0000% | 1h | $102K | $281K | 15x | as long as short |
| Lighter BRENTOIL | −0.068% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.064% | +0.0045% | 8h | $3K | $473 | 5x | as long as short |
| Aster BZUSDT | −0.053% | 0.0000% | 4h | $334K | $1.6M | 50x | as long as short |
| Extended XBR-USD | −0.037% | +0.0032% | 1h | $665K | $5.2M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.037% | +0.0048% | 1h | $33K | — | 20x | as long as short |
| Gate BZ_USDT | −0.016% | 0.0000% | 8h | $9.2M | $18.4M | 100x | as long as short |
| RISEx BZ/USDC | −0.009% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Bybit BZUSDT | −0.005% | 0.0000% | 8h | $10.4M | $16.5M | 100x | as long as short |
| KuCoin BZUSDTM | −0.005% | +0.0100% | 4h | $3.7M | $926K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | 0.000% | L +0.0017% / S +0.0045% | 1h | $35K | — | 111x | |
| OKX BZ-USDT-SWAP | +0.026% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Binance BZUSDT | +0.034% | 0.0000% | 4h | $144.6M | $455.4M | 100x | as long as short |
| Bitget BZUSDT | +0.037% | 0.0000% | 4h | $27.7M | $22.6M | 100x | as long as short |
| Phemex XBRUSDT | +0.037% | 0.0000% | 4h | $1.2M | $98K | 100x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.062% | +0.0050% | 1h | $143.5M | $139.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.089% | +0.0050% | 1h | $1.5M | $549K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.738% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.197% | +0.0046% | 1h | — | $593K | 10x | as long as short |