Spread before costs (cost unknown: a leg has no order-book sample)−0.265%
7d average—if it closes, per $10,000$26funding while held, a day−$0.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BRENTOIL/USD [ETH-USDC] | 95.315 | L +0.0025% / S +0.0058% | pay 0.0003% / 1h | 34m 39s | $40K | — | 111x |
| Short | edgeX BZUSDC | 95.063 | 0.0013 | get 0.0006% / 4h | 3h 34m | $217K | $236K | 20x |
GMX BRENTOIL/USD [ETH-USDC]Price 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
- −$26.47
- Funding while held
- −$0.38
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$47.85
- Spread needed to break even
- 0.210%
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 9 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0013%
- Per $10,000 a day
- −$0.38
- 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 edgeX live order book, 9 min ago | 9.96 bp | 14.5 bp −$14 | 16.5 bp −$165 | 64.3 bp −$6,435 | 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.Injective94.613cheapestVariational Omni95.152+0.569%ApeX Omni95.170+0.589%Hotstuff95.190+0.610%Aftermath Perps95.275+0.700%HTX95.280+0.705%
Injective
Variational Omni
ApeX Omni
Hotstuff
HTXGMX95.315+0.742%
Polymarket Perps95.331+0.759%Kraken Futures95.347+0.776%SunX95.350+0.779%Deribit95.350+0.779%OKX95.360+0.790%Ondo Perps95.360+0.790%Gate95.360+0.790%BloFin95.360+0.790%Aster95.378+0.809%Bybit95.380+0.811%Bitget95.400+0.832%KuCoin95.420+0.853%Binance95.427+0.861%Lighter95.430+0.864%Paradex95.434+0.867%tradeXYZ95.443+0.877%Extended95.463+0.898%RISEx95.465+0.900%Coinbase International95.480+0.916%Phemex95.510+0.948%gTrade (Gains Network)96.054+1.523%Vest99.410+5.070%
Polymarket Perps
Kraken Futures
SunX
Deribit
OKX
Ondo Perps
Gate
BloFin
Aster
Bybit
Bitget
KuCoin
Binance
Lighter
Paradex
tradeXYZ
Extended
RISEx
Coinbase International
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 | −0.737% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| edgeX BZUSDCshort | −0.265% | +0.0013% | 4h | $217K | $236K | 20x | |
| Variational Omni BZ | −0.171% | 0.0000% | 4h | $9.5M | $11.9M | — | as long as short |
| ApeX Omni BZUSDT | −0.152% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.131% | +0.0144% | 1h | $33K | — | 20x | as long as short |
| Aftermath Perps BRENTUSD | −0.042% | −0.0045% | 1h | $7K | $49K | 5x | as long as short |
| HTX BRENTOIL-USDT | −0.037% | 0.0000% | 4h | $281K | $140K | 75x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | 0.000% | L +0.0025% / S +0.0058% | 1h | $40K | — | 111x | |
| Polymarket Perps BRENTOIL-USD | +0.017% | +0.0050% | 1h | $1.5M | $569K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.034% | −0.0215% | 1h | $80K | $359K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX BRENTOIL-USDT | +0.037% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.037% | 0.0000% | 1h | $102K | $266K | 15x | as long as short |
| OKX BZ-USDT-SWAP | +0.047% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Ondo Perps BRENT-USD.P | +0.047% | +0.0050% | 1h | $3.0M | $992K | 15x | as long as short |
| Gate BZ_USDT | +0.047% | 0.0000% | 8h | $9.2M | $18.1M | 100x | as long as short |
| BloFin BZ-USDT | +0.047% | +0.0005% | 4h | $1.5M | $79K | 50x | as long as short |
| Aster BZUSDT | +0.066% | 0.0000% | 4h | $347K | $1.6M | 50x | as long as short |
| Bybit BZUSDT | +0.068% | 0.0000% | 8h | $10.5M | $16.1M | 100x | as long as short |
| Bitget BZUSDT | +0.089% | 0.0000% | 4h | $27.4M | $22.1M | 100x | as long as short |
| KuCoin BZUSDTM | +0.110% | +0.0100% | 4h | $3.7M | $925K | 50x | as long as short |
| Binance BZUSDT | +0.118% | 0.0000% | 4h | $145.9M | $444.4M | 100x | as long as short |
| Lighter BRENTOIL | +0.121% | +0.0032% | 1h | $3.2M | $4.0M | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.124% | +0.0046% | 8h | $3K | $282 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.134% | +0.0050% | 1h | $134.6M | $133.8M | 20x | as long as short |
| Extended XBR-USD | +0.155% | +0.0032% | 1h | $666K | $5.2M | 10x | as long as short |
| RISEx BZ/USDC | +0.157% | −0.0024% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.173% | −0.0048% | 1h | $266K | $713K | 15x | as long as short |
| Phemex XBRUSDT | +0.205% | 0.0000% | 4h | $1.2M | $92K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.775% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.296% | +0.0046% | 1h | — | $476K | 10x | as long as short |