Spread before costs (cost unknown: a leg has no order-book sample)+0.041%
7d average—if it closes, per $10,000$4funding while held, a day−$1.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BRENTOIL-PERP | 96.430 | 0.0064 | pay 0.0008% / 1h | 54m 16s | $33K | — | 20x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 96.470 | 0 | get 0.0000% / 1h | 54m 16s | $103K | $279K | 15x |
Hotstuff BRENTOIL-PERP
Deribit BRENTOIL_USDC-PERPETUALPrice 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
- $4.15
- Funding while held
- −$1.92
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.77
- Spread needed to break even
- 0.120%
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 21 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0064%
- Per $10,000 a day
- −$1.92
- 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 21 min ago | 0.52 bp | 8.1 bp −$8 | 8.6 bp −$86 | doesn't fit | doesn't fit |
Hotstuff: 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.Injective95.714cheapestCoinbase International96.180+0.487%HTX96.340+0.654%ApeX Omni96.390+0.706%Variational Omni96.396+0.713%edgeX96.409+0.726%Gate96.410+0.727%KuCoin96.410+0.727%Bybit96.420+0.738%OKX96.420+0.738%Ondo Perps96.430+0.748%
Injective
Coinbase International
HTX
ApeX Omni
Variational Omni
Gate
KuCoin
Bybit
OKX
Ondo PerpsHotstuff96.430+0.748%
Phemex96.430+0.748%BloFin96.430+0.748%Binance96.443+0.761%Lighter96.450+0.769%Aster96.452+0.771%RISEx96.454+0.773%GMX96.455+0.774%Aftermath Perps96.455+0.774%Paradex96.457+0.776%Bitget96.460+0.779%
Phemex
BloFin
Binance
Lighter
Aster
RISEx
GMX
Paradex
BitgetDeribit96.470+0.790%
Kraken Futures96.476+0.796%Extended96.479+0.799%SunX96.480+0.800%tradeXYZ96.494+0.815%Polymarket Perps96.510+0.832%gTrade (Gains Network)97.198+1.551%Vest100.54+5.042%
Kraken Futures
Extended
SunX
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 | −0.743% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.259% | −0.0088% | 1h | $230K | $839K | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.093% | 0.0000% | 4h | $284K | $163K | 75x | as long as short |
| ApeX Omni BZUSDT | −0.041% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| Variational Omni BZ | −0.035% | 0.0000% | 4h | $9.6M | $11.7M | — | as long as short |
| edgeX BZUSDC | −0.022% | +0.0015% | 4h | $220K | $233K | 20x | as long as short |
| Gate BZ_USDT | −0.021% | 0.0000% | 8h | $9.2M | $18.7M | 100x | as long as short |
| KuCoin BZUSDTM | −0.021% | +0.0100% | 4h | $3.8M | $953K | 50x | as long as short |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.4M | $16.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | −0.010% | 0.0000% | 4h | $15.9M | $30.4M | 50x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps BRENT-USD.P | 0.000% | +0.0050% | 1h | $3.1M | $1.1M | 15x | as long as short |
| Hotstuff BRENTOIL-PERPlong | 0.000% | +0.0064% | 1h | $33K | — | 20x | |
| Phemex XBRUSDT | 0.000% | 0.0000% | 4h | $1.2M | $100K | 100x | as long as short |
| BloFin BZ-USDT | 0.000% | +0.0049% | 4h | $1.5M | $95K | 50x | as long as short |
| Binance BZUSDT | +0.013% | 0.0000% | 4h | $145.1M | $468.4M | 100x | as long as short |
| Lighter BRENTOIL | +0.021% | +0.0032% | 1h | $3.3M | $4.4M | 20x | as long as short |
| Aster BZUSDT | +0.023% | 0.0000% | 4h | $334K | $1.7M | 50x | as long as short |
| RISEx BZ/USDC | +0.025% | 0.0000% | 1h | $2.1M | $1.2M | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.026% | L +0.0009% / S +0.0259% | 1h | $100K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.026% | +0.0071% | 1h | $6K | $48K | 5x | as long as short |
| Paradex BZ-USD-PERP | +0.028% | +0.0049% | 8h | $3K | $473 | 5x | as long as short |
| Bitget BZUSDT | +0.031% | 0.0000% | 4h | $27.8M | $22.9M | 100x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | +0.041% | 0.0000% | 1h | $103K | $279K | 15x | |
| Kraken Futures PF_BRENTOILUSD | +0.048% | +0.0028% | 1h | $82K | $293K | 20x | as long as short |
| Extended XBR-USD | +0.051% | +0.0032% | 1h | $674K | $5.2M | 10x | as long as short |
| SunX BRENTOIL-USDT | +0.052% | 0.0000% | 4h | $4K | $2.6M | 20x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.066% | +0.0050% | 1h | $150.2M | $143.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.083% | +0.0050% | 1h | $1.5M | $550K | 20x | 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 | +4.262% | +0.0046% | 1h | — | $664K | 10x | as long as short |