Spread before costs (cost unknown: a leg has no order-book sample)−0.038%
7d average—if it closes, per $10,000$4funding while held, a day−$1.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BRENTOILUSD | 96.147 | 0.0085 | pay 0.0011% / 1h | 44m 32s | $81K | $306K | 20x |
| Short | Hotstuff BRENTOIL-PERP | 96.110 | 0.0032 | get 0.0004% / 1h | 44m 32s | $33K | — | 20x |
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERPPrice 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
- −$3.81
- Funding while held
- −$1.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$20.41
- Spread needed to break even
- 0.150%
Slippage unknown: Kraken Futures: live order book, 55 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0053%
- Per $10,000 a day
- −$1.60
- 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, 55 min ago | 5.60 bp | 14.4 bp −$14 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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.Injective86.379cheapest
Coinbase International95.950+11.080%KuCoin96.020+11.161%Gate96.030+11.173%BloFin96.040+11.184%OKX96.050+11.196%Ondo Perps96.050+11.196%Bitget96.060+11.208%Phemex96.060+11.208%Binance96.062+11.210%Aster96.070+11.219%Bybit96.070+11.219%RISEx96.071+11.220%Paradex96.074+11.224%Lighter96.080+11.231%tradeXYZ96.084+11.235%Extended96.100+11.254%Polymarket Perps96.109+11.264%
Injective
Coinbase International
KuCoin
Gate
BloFin
OKX
Ondo Perps
Bitget
Phemex
Binance
Aster
Bybit
RISEx
Paradex
Lighter
tradeXYZ
Extended
Polymarket PerpsHotstuff96.110+11.265%
GMX96.115+11.271%SunX96.120+11.277%HTX96.130+11.289%
GMX
SunX
HTXKraken Futures96.147+11.308%
Deribit96.150+11.312%Aftermath Perps96.150+11.312%Variational Omni96.177+11.344%edgeX96.197+11.366%ApeX Omni96.200+11.370%gTrade (Gains Network)96.844+12.116%Vest100.13+15.919%
Deribit
Variational Omni
ApeX Omni
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 | −10.159% | −0.0220% | 1h | $9K | $4K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.205% | −0.0040% | 1h | $231K | $855K | 15x | as long as short |
| KuCoin BZUSDTM | −0.132% | +0.0100% | 4h | $3.8M | $944K | 50x | as long as short |
| Gate BZ_USDT | −0.121% | 0.0000% | 8h | $9.2M | $18.5M | 100x | as long as short |
| BloFin BZ-USDT | −0.111% | −0.0058% | 4h | $1.5M | $82K | 50x | as long as short |
| OKX BZ-USDT-SWAP | −0.100% | 0.0000% | 4h | $15.9M | $30.0M | 50x | as long as short |
| Ondo Perps BRENT-USD.P | −0.100% | +0.0050% | 1h | $3.1M | $1.0M | 15x | as long as short |
| Bitget BZUSDT | −0.090% | 0.0000% | 4h | $27.7M | $23.0M | 100x | as long as short |
| Phemex XBRUSDT | −0.090% | 0.0000% | 4h | $1.2M | $101K | 100x | as long as short |
| Binance BZUSDT | −0.088% | 0.0000% | 4h | $144.2M | $461.6M | 100x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster BZUSDT | −0.080% | 0.0000% | 4h | $330K | $1.6M | 50x | as long as short |
| Bybit BZUSDT | −0.080% | 0.0000% | 8h | $10.5M | $16.6M | 100x | as long as short |
| RISEx BZ/USDC | −0.079% | 0.0000% | 1h | $2.1M | $1.2M | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.075% | +0.0048% | 8h | $3K | $473 | 5x | as long as short |
| Lighter BRENTOIL | −0.069% | +0.0032% | 1h | $3.2M | $4.1M | 20x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.065% | +0.0050% | 1h | $148.4M | $142.2M | 20x | as long as short |
| Extended XBR-USD | −0.048% | +0.0032% | 1h | $682K | $5.2M | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | −0.039% | +0.0050% | 1h | $1.5M | $550K | 20x | as long as short |
| Hotstuff BRENTOIL-PERPshort | −0.038% | +0.0032% | 1h | $33K | — | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | −0.033% | L +0.0014% / S +0.0047% | 1h | $35K | — | 111x | as long as short |
| SunX BRENTOIL-USDT | −0.028% | 0.0000% | 4h | $4K | $2.6M | 20x | as long as short |
| HTX BRENTOIL-USDT | −0.017% | 0.0000% | 4h | $284K | $162K | 75x | as long as short |
| Kraken Futures PF_BRENTOILUSDlong | 0.000% | +0.0085% | 1h | $81K | $306K | 20x | |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.004% | 0.0000% | 1h | $103K | $280K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.004% | +0.0056% | 1h | $6K | $49K | 5x | as long as short |
| Variational Omni BZ | +0.032% | 0.0000% | 4h | $9.6M | $12.3M | — | as long as short |
| edgeX BZUSDC | +0.052% | +0.0017% | 4h | $220K | $235K | 20x | as long as short |
| ApeX Omni BZUSDT | +0.056% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.726% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.143% | +0.0046% | 1h | — | $617K | 10x | as long as short |