Spread before costs (cost unknown: a leg has no order-book sample)+0.058%
7d average—if it closes, per $10,000$6funding while held, a day+$0.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BRENTOIL/USD [ETH-USDC] | 95.165 | L +0.0026% / S +0.0060% | pay 0.0003% / 1h | 36m 45s | $41K | — | 111x |
| Short | Lighter BRENTOIL | 95.220 | 0.0032 | get 0.0004% / 1h | 36m 45s | $3.2M | $4.0M | 20x |
GMX BRENTOIL/USD [ETH-USDC]
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
- $5.78
- Funding while held
- $0.19
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.04
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0006%
- Per $10,000 a day
- +$0.19
- 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 Lighter live order book, 7 min ago | 0.52 bp | 0.5 bp −$1 | 2.9 bp −$29 | 15.3 bp −$1,533 | 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.Injective94.613cheapestedgeX95.063+0.475%HTX95.080+0.494%Gate95.120+0.536%Ondo Perps95.140+0.557%ApeX Omni95.140+0.557%Aster95.153+0.571%BloFin95.160+0.578%Kraken Futures95.163+0.582%
Injective
HTX
Gate
Ondo Perps
ApeX Omni
Aster
BloFin
Kraken FuturesGMX95.165+0.583%
KuCoin95.180+0.599%Polymarket Perps95.180+0.599%Variational Omni95.184+0.603%OKX95.190+0.610%Hotstuff95.190+0.610%Bybit95.200+0.620%Deribit95.200+0.620%Extended95.203+0.623%Bitget95.210+0.631%SunX95.210+0.631%Paradex95.214+0.635%
KuCoin
Polymarket Perps
Variational Omni
OKX
Hotstuff
Bybit
Deribit
Extended
Bitget
SunX
ParadexLighter95.220+0.642%
Binance95.225+0.646%tradeXYZ95.241+0.664%Aftermath Perps95.254+0.677%RISEx95.264+0.689%Coinbase International95.480+0.916%Phemex95.530+0.969%gTrade (Gains Network)95.882+1.341%Vest99.250+4.901%
Binance
tradeXYZ
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 | −0.580% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| edgeX BZUSDC | −0.107% | +0.0013% | 4h | $217K | $236K | 20x | as long as short |
| HTX BRENTOIL-USDT | −0.089% | 0.0000% | 4h | $281K | $130K | 75x | as long as short |
| Gate BZ_USDT | −0.047% | 0.0000% | 8h | $9.1M | $18.1M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.026% | +0.0050% | 1h | $3.0M | $990K | 15x | as long as short |
| ApeX Omni BZUSDT | −0.026% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Aster BZUSDT | −0.012% | 0.0000% | 4h | $346K | $1.6M | 50x | as long as short |
| BloFin BZ-USDT | −0.005% | −0.0052% | 4h | $1.5M | $78K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.002% | −0.0215% | 1h | $80K | $359K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | 0.000% | L +0.0026% / S +0.0060% | 1h | $41K | — | 111x |