After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.040%7d average+0.002%fees + slippage, in and out−$46spread needed0.465%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BRENTOILUSD | 95.742 | −0.0323 | get 0.0040% / 1h | 25m 29s | $82K | $301K | 20x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 95.780 | 0 | get 0.0000% / 1h | 25m 29s | $102K | $281K | 15x |
Kraken Futures PF_BRENTOILUSD
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
- $3.99
- Funding while held
- $9.7
- Slippage, 4 orders
- −$29.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.8
- Spread needed to break even
- 0.465%
Slippage from Kraken Futures: live order book, 14 min ago; Deribit: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0323%
- Per $10,000 a day
- +$9.70
- 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 Kraken Futures live order book, 14 min ago | 5.60 bp | 14.4 bp −$14 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 60 min ago | 0.52 bp | 4.0 bp −$4 | 4.9 bp −$49 | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.796cheapestedgeX95.560+0.806%ApeX Omni95.580+0.827%Coinbase International95.660+0.911%Ondo Perps95.690+0.943%BloFin95.690+0.943%Aftermath Perps95.696+0.950%Variational Omni95.710+0.964%HTX95.730+0.985%
Injective
ApeX Omni
Coinbase International
Ondo Perps
BloFin
Variational Omni
HTXKraken Futures95.742+0.998%
Hotstuff95.750+1.006%SunX95.780+1.038%
Hotstuff
SunXDeribit95.780+1.038%
Gate95.840+1.101%KuCoin95.850+1.112%Aster95.852+1.113%Lighter95.860+1.122%Bybit95.870+1.133%OKX95.870+1.133%Bitget95.870+1.133%GMX95.875+1.138%Paradex95.886+1.149%Extended95.888+1.152%Binance95.892+1.156%Phemex95.920+1.186%tradeXYZ95.924+1.190%Polymarket Perps95.927+1.193%RISEx95.939+1.206%gTrade (Gains Network)96.577+1.879%Vest99.870+5.353%
Gate
KuCoin
Aster
Lighter
Bybit
OKX
Bitget
GMX
Paradex
Extended
Binance
Phemex
tradeXYZ
Polymarket Perps
RISEx
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 | −0.988% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| edgeX BZUSDC | −0.190% | +0.0004% | 4h | $219K | $234K | 20x | as long as short |
| ApeX Omni BZUSDT | −0.169% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.085% | −0.0024% | 1h | $250K | $780K | 15x | as long as short |
| Ondo Perps BRENT-USD.P | −0.054% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| BloFin BZ-USDT | −0.054% | −0.0049% | 4h | $1.5M | $81K | 50x | as long as short |
| Aftermath Perps BRENTUSD | −0.048% | +0.0007% | 1h | $6K | $49K | 5x | as long as short |
| Variational Omni BZ | −0.033% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| HTX BRENTOIL-USDT | −0.012% | 0.0000% | 4h | $283K | $124K | 75x | as long as short |
| Kraken Futures PF_BRENTOILUSDlong | 0.000% | −0.0323% | 1h | $82K | $301K | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff BRENTOIL-PERP | +0.009% | −0.0048% | 1h | $33K | — | 20x | as long as short |
| SunX BRENTOIL-USDT | +0.040% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | +0.040% | 0.0000% | 1h | $102K | $281K | 15x | |
| Gate BZ_USDT | +0.103% | 0.0000% | 8h | $9.2M | $18.5M | 100x | as long as short |
| KuCoin BZUSDTM | +0.113% | +0.0100% | 4h | $3.8M | $926K | 50x | as long as short |
| Aster BZUSDT | +0.115% | 0.0000% | 4h | $333K | $1.6M | 50x | as long as short |
| Lighter BRENTOIL | +0.123% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| Bybit BZUSDT | +0.134% | 0.0000% | 8h | $10.5M | $16.5M | 100x | as long as short |
| OKX BZ-USDT-SWAP | +0.134% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Bitget BZUSDT | +0.134% | 0.0000% | 4h | $27.7M | $22.6M | 100x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.139% | L +0.0017% / S +0.0045% | 1h | $35K | — | 111x | as long as short |
| Paradex BZ-USD-PERP | +0.150% | +0.0045% | 8h | $3K | $473 | 5x | as long as short |
| Extended XBR-USD | +0.153% | +0.0032% | 1h | $669K | $5.2M | 10x | as long as short |
| Binance BZUSDT | +0.157% | 0.0000% | 4h | $144.9M | $456.7M | 100x | as long as short |
| Phemex XBRUSDT | +0.186% | 0.0000% | 4h | $1.2M | $98K | 100x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.190% | +0.0050% | 1h | $147.6M | $141.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.193% | +0.0050% | 1h | $1.5M | $549K | 20x | as long as short |
| RISEx BZ/USDC | +0.206% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.873% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.312% | +0.0046% | 1h | — | $605K | 10x | as long as short |