After costs, if the gap returns to its 7d average, $10k−$9
spread now−0.030%7d average−0.073%fees + slippage, in and out−$13spread needed0.131%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 97.210 | 0.0032 | pay 0.0004% / 1h | 29m 53s | $3.4M | $3.2M | 20x |
| Short | Binance BZUSDT | 97.181 | −0.0045 | pay 0.0023% / 4h | 3h 29m | $149.6M | $344.8M | 100x |
Lighter BRENTOIL
Binance BZUSDTPrice 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
- −$2.97
- Funding while held
- −$2.31
- Slippage, 4 orders
- −$3.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.37
- Spread needed to break even
- 0.131%
Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0077%
- Per $10,000 a day
- −$2.31
- 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 Lighter live order book, 4 min ago | 1.03 bp | 1.0 bp −$1 | 2.0 bp −$20 | 12.5 bp −$1,247 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.52 bp | 5.5 bp −$6 | 6.1 bp −$61 | 11.8 bp −$1,181 | 55.3 bp −$27.6K |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective96.159cheapestVariational Omni97.010+0.885%HTX97.020+0.895%edgeX97.039+0.915%ApeX Omni97.070+0.947%Aftermath Perps97.085+0.963%RISEx97.123+1.002%Paradex97.132+1.012%Ondo Perps97.140+1.020%Gate97.140+1.020%Phemex97.150+1.031%GMX97.155+1.036%Kraken Futures97.163+1.044%OKX97.170+1.051%Deribit97.170+1.051%Aster97.170+1.052%Bybit97.180+1.062%SunX97.180+1.062%
Injective
Variational Omni
HTX
ApeX Omni
RISEx
Paradex
Ondo Perps
Gate
Phemex
GMX
Kraken Futures
OKX
Deribit
Aster
Bybit
SunXBinance97.181+1.063%
Hotstuff97.190+1.072%Bitget97.190+1.072%Polymarket Perps97.191+1.073%BloFin97.200+1.083%tradeXYZ97.207+1.090%
Hotstuff
Bitget
Polymarket Perps
BloFin
tradeXYZLighter97.210+1.093%
Extended97.216+1.100%KuCoin97.240+1.124%Coinbase International97.280+1.166%gTrade (Gains Network)97.915+1.827%Vest100.74+4.764%
Extended
KuCoin
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 | −1.081% | −0.0220% | 1h | $15K | $97 | 30x | as long as short |
| Variational Omni BZ | −0.206% | −0.0021% | 4h | $10.7M | $10.8M | — | as long as short |
| HTX BRENTOIL-USDT | −0.195% | 0.0000% | 4h | $290K | $135K | 75x | as long as short |
| edgeX BZUSDC | −0.176% | −0.0032% | 4h | $222K | $237K | 20x | as long as short |
| ApeX Omni BZUSDT | −0.144% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| Aftermath Perps BRENTUSD | −0.128% | −0.0015% | 1h | $7K | $50K | 5x | as long as short |
| RISEx BZ/USDC | −0.090% | 0.0000% | 1h | $2.3M | $270K | 20x | as long as short |
| Paradex BZ-USD-PERP | −0.080% | +0.0042% | 8h | $3K | $185 | 5x | as long as short |
| Ondo Perps BRENT-USD.P | −0.072% | +0.0050% | 1h | $3.1M | $973K | 15x | as long as short |
| Gate BZ_USDT | −0.072% | 0.0000% | 8h | $9.4M | $15.7M | 100x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex XBRUSDT | −0.062% | 0.0000% | 4h | $1.2M | $81K | 100x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.057% | L +0.0104% / S +0.0061% | 1h | $53K | — | 111x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.048% | −0.0080% | 1h | $174K | $347K | 20x | as long as short |
| OKX BZ-USDT-SWAP | −0.041% | 0.0000% | 4h | $17.0M | $27.2M | 50x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.041% | −0.0264% | 1h | $137K | $142K | 15x | as long as short |
| Aster BZUSDT | −0.041% | −0.0077% | 4h | $332K | $1.4M | 50x | as long as short |
| Bybit BZUSDT | −0.031% | 0.0000% | 8h | $11.1M | $11.4M | 100x | as long as short |
| SunX BRENTOIL-USDT | −0.031% | 0.0000% | 4h | $4K | $2.1M | 20x | as long as short |
| Binance BZUSDTshort | −0.030% | −0.0045% | 4h | $149.6M | $344.8M | 100x | |
| Hotstuff BRENTOIL-PERP | −0.021% | +0.0032% | 1h | $33K | — | 20x | as long as short |
| Bitget BZUSDT | −0.021% | 0.0000% | 4h | $28.6M | $17.1M | 100x | as long as short |
| Polymarket Perps BRENTOIL-USD | −0.020% | +0.0050% | 1h | $1.6M | $501K | 20x | as long as short |
| BloFin BZ-USDT | −0.010% | +0.0058% | 4h | $1.6M | $53K | 50x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.003% | +0.0050% | 1h | $144.2M | $99.9M | 20x | as long as short |
| Lighter BRENTOILlong | 0.000% | +0.0032% | 1h | $3.4M | $3.2M | 20x | |
| Extended XBR-USD | +0.007% | +0.0032% | 1h | $692K | $4.5M | 10x | as long as short |
| KuCoin BZUSDTM | +0.031% | +0.0100% | 4h | $3.7M | $851K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.072% | −0.0088% | 1h | $265K | $588K | 15x | 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 | +3.631% | −0.0145% | 1h | — | — | 10x | as long as short |