After costs, if the gap returns to its 7d average, $10k−$18
spread now0.000%7d average−0.005%fees + slippage, in and out−$18spread needed0.182%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BZ-USDT-SWAP | 96.770 | 0 | get 0.0000% / 4h | 2h 28m | $16.8M | $28.2M | 50x |
| Short | Lighter BRENTOIL | 96.770 | 0.0032 | get 0.0004% / 1h | 28m 03s | $3.3M | $3.6M | 20x |
OKX BZ-USDT-SWAP
Lighter BRENTOILPrice 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
- $0
- Funding while held
- $0.96
- Slippage, 4 orders
- −$8.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.22
- Spread needed to break even
- 0.182%
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 6 min ago.
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 OKX live order book, 2 min ago | 0.52 bp | 6.8 bp −$7 | 10.6 bp −$106 | 37.6 bp −$3,758 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.03 bp | 1.9 bp −$2 | 5.6 bp −$56 | 17.2 bp −$1,722 | 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%Gate96.740+0.865%HTX96.740+0.865%Deribit96.750+0.876%Bybit96.760+0.886%BloFin96.760+0.886%GMX96.765+0.891%Aster96.767+0.893%
Injective
Coinbase International
ApeX Omni
Variational Omni
Gate
HTX
Deribit
Bybit
BloFin
GMX
AsterLighter96.770+0.897%
Binance96.770+0.897%
BinanceOKX96.770+0.897%
SunX96.770+0.897%RISEx96.776+0.903%Extended96.778+0.905%Bitget96.780+0.907%Paradex96.785+0.912%tradeXYZ96.790+0.918%Kraken Futures96.799+0.927%Ondo Perps96.800+0.928%KuCoin96.810+0.938%Hotstuff96.820+0.949%Polymarket Perps96.824+0.953%Phemex97.000+1.136%gTrade (Gains Network)97.469+1.625%Vest100.22+4.494%
SunX
RISEx
Extended
Bitget
Paradex
tradeXYZ
Kraken Futures
Ondo Perps
KuCoin
Hotstuff
Polymarket Perps
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 | −0.889% | −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 |
| Gate BZ_USDT | −0.031% | 0.0000% | 8h | $9.3M | $16.2M | 100x | 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 |
| Bybit BZUSDT | −0.010% | 0.0000% | 8h | $10.9M | $13.3M | 100x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin BZ-USDT | −0.010% | +0.0039% | 4h | $1.6M | $56K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.005% | L +0.0078% / S +0.0073% | 1h | $53K | — | 111x | as long as short |
| Aster BZUSDT | −0.004% | −0.0059% | 4h | $339K | $1.5M | 50x | as long as short |
| Lighter BRENTOILshort | 0.000% | +0.0032% | 1h | $3.3M | $3.6M | 20x | |
| Binance BZUSDT | 0.000% | −0.0055% | 4h | $149.2M | $366.7M | 100x | as long as short |
| OKX BZ-USDT-SWAPlong | 0.000% | 0.0000% | 4h | $16.8M | $28.2M | 50x | |
| 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 |
| Extended XBR-USD | +0.008% | +0.0032% | 1h | $704K | $4.7M | 10x | as long as short |
| Bitget BZUSDT | +0.010% | 0.0000% | 4h | $28.8M | $18.2M | 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 |
| Kraken Futures PF_BRENTOILUSD | +0.030% | −0.0138% | 1h | $175K | $347K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.031% | +0.0050% | 1h | $3.1M | $981K | 15x | as long as short |
| KuCoin BZUSDTM | +0.041% | +0.0100% | 4h | $3.7M | $858K | 50x | 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 |
| Phemex XBRUSDT | +0.238% | +0.0035% | 4h | $1.2M | $82K | 100x | as long as short |
| 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 |