After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.182%7d average−0.061%fees + slippage, in and out−$42spread needed0.422%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 95.900 | 0.0032 | pay 0.0004% / 1h | 22m 29s | $3.2M | $3.8M | 20x |
| Short | Kraken Futures PF_BRENTOILUSD | 96.075 | 0.0066 | get 0.0008% / 1h | 22m 29s | $81K | $364K | 20x |
Lighter BRENTOIL
Kraken Futures PF_BRENTOILUSDPrice 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
- $18.22
- Funding while held
- $1.02
- Slippage, 4 orders
- −$32.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$22.95
- Spread needed to break even
- 0.422%
Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.02
- 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, 7 min ago | 1.04 bp | 1.0 bp −$1 | 2.4 bp −$24 | 15.2 bp −$1,523 | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 5.92 bp | 22.6 bp −$23 | 34.7 bp −$347 | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective86.539cheapest
Gate95.800+10.702%Ondo Perps95.840+10.748%KuCoin95.860+10.771%RISEx95.870+10.782%Bybit95.890+10.806%Paradex95.897+10.813%
Injective
Gate
Ondo Perps
KuCoin
RISEx
Bybit
ParadexLighter95.900+10.817%
Extended95.902+10.819%Binance95.909+10.828%OKX95.910+10.829%tradeXYZ95.911+10.830%Aster95.923+10.844%Polymarket Perps95.940+10.863%Bitget95.950+10.875%GMX96.045+10.985%edgeX96.055+10.996%HTX96.060+11.002%SunX96.070+11.014%BloFin96.070+11.014%
Extended
Binance
OKX
tradeXYZ
Aster
Polymarket Perps
Bitget
GMX
HTX
SunX
BloFinKraken Futures96.075+11.019%
Variational Omni96.077+11.021%Deribit96.080+11.025%Hotstuff96.090+11.037%ApeX Omni96.120+11.071%Aftermath Perps96.152+11.109%Coinbase International96.320+11.302%Phemex96.400+11.395%gTrade (Gains Network)96.785+11.840%Vest99.990+15.543%
Variational Omni
Deribit
Hotstuff
ApeX Omni
Coinbase International
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 | −9.761% | −0.0220% | 1h | $13K | $97 | 30x | as long as short |
| Gate BZ_USDT | −0.104% | 0.0000% | 8h | $9.2M | $17.5M | 100x | as long as short |
| Ondo Perps BRENT-USD.P | −0.063% | +0.0012% | 1h | $3.0M | $921K | 15x | as long as short |
| KuCoin BZUSDTM | −0.042% | +0.0100% | 4h | $3.7M | $891K | 50x | as long as short |
| RISEx BZ/USDC | −0.031% | −0.0048% | 1h | $2.2M | $580K | 20x | as long as short |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.7M | $15.3M | 100x | as long as short |
| Paradex BZ-USD-PERP | −0.004% | +0.0044% | 8h | $3K | $282 | 5x | as long as short |
| Lighter BRENTOILlong | 0.000% | +0.0032% | 1h | $3.2M | $3.8M | 20x | |
| Extended XBR-USD | +0.002% | +0.0032% | 1h | $669K | $5.0M | 10x | as long as short |
| Binance BZUSDT | +0.010% | −0.0004% | 4h | $146.5M | $422.2M | 100x | as long as short |