Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 95.410 | 0.0032 | pay 0.0004% / 1h | 49m 11s | $3.2M | $4.2M | 20x |
| Short | Hotstuff BRENTOIL-PERP | 95.470 | 0.0064 | get 0.0008% / 1h | 49m 11s | $33K | — | 20x |
Lighter BRENTOIL
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
- $6.29
- Funding while held
- $0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $2.25
- Spread needed to break even
- 0.050%
Slippage unknown: Lighter: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- 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, 5 min ago | 1.05 bp | 1.0 bp −$1 | 2.6 bp −$26 | 14.8 bp −$1,480 | 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.Injective94.482cheapestGate95.370+0.940%Ondo Perps95.380+0.950%HTX95.380+0.950%Bybit95.400+0.972%
Injective
Gate
Ondo Perps
HTX
BybitLighter95.410+0.982%
OKX95.410+0.982%Bitget95.410+0.982%Binance95.420+0.993%GMX95.425+0.998%Paradex95.427+1.000%Aster95.430+1.003%KuCoin95.430+1.003%SunX95.430+1.003%BloFin95.430+1.003%tradeXYZ95.435+1.009%Variational Omni95.449+1.024%Polymarket Perps95.455+1.030%Deribit95.460+1.035%Extended95.466+1.041%edgeX95.469+1.044%
OKX
Bitget
Binance
GMX
Paradex
Aster
KuCoin
SunX
BloFin
tradeXYZ
Variational Omni
Polymarket Perps
Deribit
ExtendedHotstuff95.470+1.046%
RISEx95.475+1.051%ApeX Omni95.480+1.056%Coinbase International95.480+1.056%Aftermath Perps95.481+1.058%Kraken Futures95.491+1.068%Phemex95.610+1.194%gTrade (Gains Network)96.141+1.756%Vest99.420+5.226%
RISEx
ApeX Omni
Coinbase International
Kraken Futures
Phemex
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 | −0.973% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Gate BZ_USDT | −0.042% | 0.0000% | 8h | $9.1M | $18.4M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.031% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.031% | 0.0000% | 4h | $282K | $125K | 75x | as long as short |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| Lighter BRENTOILlong | 0.000% | +0.0032% | 1h | $3.2M | $4.2M | 20x | |
| OKX BZ-USDT-SWAP | 0.000% | 0.0000% | 4h | $15.8M | $31.0M | 50x | as long as short |
| Bitget BZUSDT | 0.000% | 0.0000% | 4h | $27.6M | $22.4M | 100x | as long as short |
| Binance BZUSDT | +0.010% | −0.0009% | 4h | $144.8M | $452.3M | 100x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.016% | L +0.0018% / S +0.0044% | 1h | $35K | — | 111x | as long as short |