Spread before costs (cost unknown: a leg has no order-book sample)−0.010%
7d average+0.074%if it closes, per $10,000$1funding while held, a day−$3.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 96.600 | 0.0050 | pay 0.0006% / 1h | 29m 51s | $3.1M | $972K | 15x |
| Short | Binance BZUSDT | 96.590 | −0.0056 | pay 0.0028% / 4h | 2h 29m | $149.1M | $366.3M | 100x |
Price 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
- −$1.04
- Funding while held
- −$3.19
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.23
- Spread needed to break even
- 0.150%
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0106%
- Per $10,000 a day
- −$3.19
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 0.52 bp | 5.5 bp −$6 | 5.9 bp −$59 | 11.6 bp −$1,157 | 54.9 bp −$27.4K |
Ondo Perps: 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.BZ on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.714% | −0.0220% | 1h | $15K | $97 | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.041% | −0.0088% | 1h | $259K | $659K | 15x | as long as short |
| Bybit BZUSDT | −0.031% | 0.0000% | 8h | $10.8M | $13.3M | 100x | as long as short |
| Gate BZ_USDT | −0.031% | 0.0000% | 8h | $9.3M | $16.2M | 100x | as long as short |
| Lighter BRENTOIL | −0.021% | +0.0032% | 1h | $3.3M | $3.6M | 20x | as long as short |
| Binance BZUSDTshort | −0.010% | −0.0056% | 4h | $149.1M | $366.3M | 100x | |
| Bitget BZUSDT | −0.010% | 0.0000% | 4h | $28.8M | $18.2M | 100x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.010% | −0.0060% | 1h | $136K | $163K | 15x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.005% | L +0.0079% / S +0.0073% | 1h | $53K | — | 111x | as long as short |
| OKX BZ-USDT-SWAP | 0.000% | 0.0000% | 4h | $16.8M | $28.2M | 50x | as long as short |
Binance BZUSDT
Injective
Coinbase International
Bybit
Gate
Lighter
Bitget
Deribit
GMX
OKX
Paradex
RISEx
Extended
SunX
tradeXYZ
Kraken Futures
HTX
Aster
KuCoin
Polymarket Perps
Variational Omni
BloFin
ApeX Omni
Phemex
gTrade (Gains Network)