Spread before costs (cost unknown: a leg has no order-book sample)+0.104%
7d average+0.236%if it closes, per $10,000$10funding while held, a day+$6.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BRENTOILUSD | 95.331 | −0.0215 | get 0.0027% / 1h | 11m 29s | $80K | $339K | 20x |
| Short | Phemex XBRUSDT | 95.430 | 0 | get 0.0000% / 4h | 3h 11m | $1.2M | $92K | 100x |
Kraken Futures PF_BRENTOILUSD
Phemex XBRUSDTPrice 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
- $10.37
- Funding while held
- $6.44
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$5.19
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: live order book, 33 min ago; Phemex: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0215%
- Per $10,000 a day
- +$6.44
- 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, 33 min ago | 4.35 bp | 12.4 bp −$12 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 13.63 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective85.735cheapest
Variational Omni95.180+11.017%HTX95.230+11.075%ApeX Omni95.270+11.121%GMX95.275+11.127%Ondo Perps95.280+11.133%Gate95.280+11.133%KuCoin95.280+11.133%Aftermath Perps95.298+11.154%Hotstuff95.300+11.156%SunX95.300+11.156%BloFin95.300+11.156%Aster95.302+11.158%Lighter95.310+11.168%Bybit95.310+11.168%edgeX95.310+11.168%Paradex95.319+11.179%Deribit95.320+11.180%OKX95.330+11.191%Bitget95.330+11.191%
Injective
Variational Omni
HTX
ApeX Omni
GMX
Ondo Perps
Gate
KuCoin
Hotstuff
SunX
BloFin
Aster
Lighter
Bybit
Paradex
Deribit
OKX
BitgetKraken Futures95.331+11.193%
tradeXYZ95.340+11.203%Binance95.340+11.203%RISEx95.363+11.230%Extended95.364+11.231%Polymarket Perps95.390+11.261%
tradeXYZ
Binance
RISEx
Extended
Polymarket PerpsPhemex95.430+11.308%
Coinbase International95.480+11.366%gTrade (Gains Network)96.025+12.003%Vest99.330+15.857%
Coinbase International
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 | −10.066% | −0.0220% | 1h | $9K | $4K | 30x | as long as short |
| Variational Omni BZ | −0.158% | 0.0000% | 4h | $9.5M | $12.2M | — | as long as short |
| HTX BRENTOIL-USDT | −0.106% | 0.0000% | 4h | $281K | $140K | 75x | as long as short |
| ApeX Omni BZUSDT | −0.064% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.059% | L +0.0021% / S +0.0062% | 1h | $40K | — | 111x | as long as short |
| Ondo Perps BRENT-USD.P | −0.054% | +0.0040% | 1h | $3.0M | $1.0M | 15x | as long as short |
| Gate BZ_USDT | −0.054% | 0.0000% | 8h | $9.2M | $18.4M | 100x | as long as short |
| KuCoin BZUSDTM | −0.054% | +0.0100% | 4h | $3.7M | $927K | 50x | as long as short |
| Aftermath Perps BRENTUSD | −0.034% | −0.0056% | 1h | $6K | $49K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.033% | −0.0216% | 1h | $33K | — | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX BRENTOIL-USDT | −0.033% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| BloFin BZ-USDT | −0.033% | +0.0045% | 4h | $1.5M | $79K | 50x | as long as short |
| Aster BZUSDT | −0.031% | 0.0000% | 4h | $340K | $1.6M | 50x | as long as short |
| Lighter BRENTOIL | −0.022% | +0.0032% | 1h | $3.2M | $4.1M | 20x | as long as short |
| Bybit BZUSDT | −0.022% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| edgeX BZUSDC | −0.022% | −0.0001% | 4h | $218K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.012% | +0.0041% | 8h | $3K | $282 | 5x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.012% | −0.0065% | 1h | $102K | $275K | 15x | as long as short |
| OKX BZ-USDT-SWAP | −0.001% | 0.0000% | 4h | $15.8M | $31.2M | 50x | as long as short |
| Bitget BZUSDT | −0.001% | 0.0000% | 4h | $27.6M | $22.3M | 100x | as long as short |
| Kraken Futures PF_BRENTOILUSDlong | 0.000% | −0.0215% | 1h | $80K | $339K | 20x | |
| tradeXYZ xyz:BRENTOIL | +0.009% | +0.0050% | 1h | $134.5M | $135.1M | 20x | as long as short |
| Binance BZUSDT | +0.009% | 0.0000% | 4h | $145.0M | $449.7M | 100x | as long as short |
| RISEx BZ/USDC | +0.034% | −0.0024% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Extended XBR-USD | +0.034% | +0.0032% | 1h | $667K | $5.2M | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.062% | +0.0050% | 1h | $1.5M | $548K | 20x | as long as short |
| Phemex XBRUSDTshort | +0.104% | 0.0000% | 4h | $1.2M | $92K | 100x | |
| Coinbase International BRENTOIL-PERP-INTX | +0.156% | −0.0048% | 1h | $266K | $713K | 15x | as long as short |
| gTrade (Gains Network) BRENT/USD | +0.728% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.195% | +0.0046% | 1h | — | $593K | 10x | as long as short |