Spread before costs (cost unknown: a leg has no order-book sample)+0.238%
7d average+0.173%if it closes, per $10,000$24funding while held, a day+$0.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 96.770 | 0.0032 | pay 0.0004% / 1h | 27m 58s | $3.3M | $3.6M | 20x |
| Short | Phemex XBRUSDT | 97.000 | 0.0035 | get 0.0018% / 4h | 2h 27m | $1.2M | $82K | 100x |
Lighter BRENTOIL
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
- $23.77
- Funding while held
- $0.1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $11.87
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 6 min ago; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0003%
- Per $10,000 a day
- +$0.10
- 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, 6 min ago | 1.03 bp | 2.0 bp −$2 | 5.3 bp −$53 | 18.0 bp −$1,795 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.61 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective95.910cheapestCoinbase International96.560+0.678%ApeX Omni96.610+0.730%Variational Omni96.666+0.788%Aftermath Perps96.686+0.810%edgeX96.688+0.811%HTX96.740+0.865%Deribit96.750+0.876%Aster96.758+0.884%BloFin96.760+0.886%GMX96.765+0.891%
Injective
Coinbase International
ApeX Omni
Variational Omni
HTX
Deribit
Aster
BloFin
GMXLighter96.770+0.897%
SunX96.770+0.897%RISEx96.776+0.903%Bybit96.780+0.907%Paradex96.785+0.912%tradeXYZ96.790+0.918%Gate96.790+0.918%Bitget96.790+0.918%Extended96.798+0.926%Kraken Futures96.799+0.927%OKX96.800+0.928%Ondo Perps96.800+0.928%Binance96.819+0.948%Hotstuff96.820+0.949%Polymarket Perps96.824+0.953%KuCoin96.830+0.959%
SunX
RISEx
Bybit
Paradex
tradeXYZ
Gate
Bitget
Extended
Kraken Futures
OKX
Ondo Perps
Binance
Hotstuff
Polymarket Perps
KuCoinPhemex97.000+1.136%
gTrade (Gains Network)97.469+1.625%Vest100.22+4.494%
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 | −0.889% | −0.0220% | 1h | $15K | $97 | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.217% | −0.0088% | 1h | $259K | $659K | 15x | as long as short |
| ApeX Omni BZUSDT | −0.165% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Variational Omni BZ | −0.107% | −0.0014% | 4h | $10.1M | $11.5M | — | as long as short |
| Aftermath Perps BRENTUSD | −0.086% | −0.0025% | 1h | $7K | $50K | 5x | as long as short |
| edgeX BZUSDC | −0.085% | −0.0045% | 4h | $221K | $237K | 20x | as long as short |
| HTX BRENTOIL-USDT | −0.031% | 0.0000% | 4h | $289K | $133K | 75x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.021% | −0.0163% | 1h | $136K | $164K | 15x | as long as short |
| Aster BZUSDT | −0.013% | −0.0059% | 4h | $339K | $1.5M | 50x | as long as short |
| BloFin BZ-USDT | −0.010% | +0.0039% | 4h | $1.6M | $56K | 50x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | −0.005% | L +0.0078% / S +0.0073% | 1h | $53K | — | 111x | as long as short |
| Lighter BRENTOILlong | 0.000% | +0.0032% | 1h | $3.3M | $3.6M | 20x | |
| SunX BRENTOIL-USDT | 0.000% | 0.0000% | 4h | $4K | $2.2M | 20x | as long as short |
| RISEx BZ/USDC | +0.007% | 0.0000% | 1h | $2.3M | $350K | 20x | as long as short |
| Bybit BZUSDT | +0.010% | 0.0000% | 8h | $10.9M | $13.3M | 100x | as long as short |
| Paradex BZ-USD-PERP | +0.015% | +0.0043% | 8h | $3K | $282 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.021% | +0.0050% | 1h | $144.2M | $106.3M | 20x | as long as short |
| Gate BZ_USDT | +0.021% | 0.0000% | 8h | $9.3M | $16.2M | 100x | as long as short |
| Bitget BZUSDT | +0.021% | 0.0000% | 4h | $28.8M | $18.2M | 100x | as long as short |
| Extended XBR-USD | +0.029% | +0.0032% | 1h | $691K | $4.7M | 10x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.030% | −0.0138% | 1h | $175K | $347K | 20x | as long as short |
| OKX BZ-USDT-SWAP | +0.031% | 0.0000% | 4h | $16.8M | $28.2M | 50x | as long as short |
| Ondo Perps BRENT-USD.P | +0.031% | +0.0050% | 1h | $3.1M | $981K | 15x | as long as short |
| Binance BZUSDT | +0.051% | −0.0055% | 4h | $149.3M | $366.8M | 100x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.052% | +0.0128% | 1h | $33K | — | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.056% | +0.0050% | 1h | $1.6M | $500K | 20x | as long as short |
| KuCoin BZUSDTM | +0.062% | +0.0100% | 4h | $3.7M | $858K | 50x | as long as short |
| Phemex XBRUSDTshort | +0.238% | +0.0035% | 4h | $1.2M | $82K | 100x | |
| gTrade (Gains Network) BRENT/USD | +0.722% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +3.565% | −0.0141% | 1h | — | — | 10x | as long as short |