Spread before costs (cost unknown: a leg has no order-book sample)+0.157%
7d average+0.289%if it closes, per $10,000$16funding while held, a day−$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 95.360 | 0.0050 | pay 0.0006% / 1h | 34m 17s | $3.0M | $992K | 15x |
| Short | Phemex XBRUSDT | 95.510 | 0 | get 0.0000% / 4h | 3h 34m | $1.2M | $92K | 100x |
Ondo Perps BRENT-USD.P
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
- $15.73
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.78
- Spread needed to break even
- 0.170%
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.51
- 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 Phemex live order book, 5 min ago | 5.76 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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.Injective94.613cheapestedgeX95.063+0.475%Variational Omni95.152+0.569%ApeX Omni95.170+0.589%Hotstuff95.190+0.610%HTX95.280+0.705%Aftermath Perps95.301+0.727%
Injective
Variational Omni
ApeX Omni
Hotstuff
HTXOndo Perps95.360+0.790%
BloFin95.360+0.790%Gate95.390+0.821%KuCoin95.420+0.853%Aster95.427+0.860%Paradex95.434+0.867%Bybit95.440+0.874%OKX95.440+0.874%Bitget95.440+0.874%Polymarket Perps95.441+0.875%GMX95.445+0.879%Lighter95.450+0.885%Binance95.452+0.887%SunX95.460+0.895%RISEx95.465+0.900%Deribit95.470+0.906%tradeXYZ95.473+0.909%Kraken Futures95.473+0.909%Coinbase International95.480+0.916%Extended95.493+0.930%
BloFin
Gate
KuCoin
Aster
Paradex
Bybit
OKX
Bitget
Polymarket Perps
GMX
Lighter
Binance
SunX
RISEx
Deribit
tradeXYZ
Kraken Futures
Coinbase International
ExtendedPhemex95.510+0.948%
gTrade (Gains Network)96.189+1.666%Vest99.520+5.186%
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 | −0.783% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| edgeX BZUSDC | −0.312% | +0.0013% | 4h | $217K | $236K | 20x | as long as short |
| Variational Omni BZ | −0.218% | 0.0000% | 4h | $9.5M | $11.9M | — | as long as short |
| ApeX Omni BZUSDT | −0.199% | +0.0100% | 1h | $25K | $271K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.178% | +0.0144% | 1h | $33K | — | 20x | as long as short |
| HTX BRENTOIL-USDT | −0.084% | 0.0000% | 4h | $281K | $140K | 75x | as long as short |
| Aftermath Perps BRENTUSD | −0.062% | −0.0044% | 1h | $7K | $49K | 5x | as long as short |
| Ondo Perps BRENT-USD.Plong | 0.000% | +0.0050% | 1h | $3.0M | $992K | 15x | |
| BloFin BZ-USDT | 0.000% | +0.0005% | 4h | $1.5M | $79K | 50x | as long as short |
| Gate BZ_USDT | +0.031% | 0.0000% | 8h | $9.2M | $18.1M | 100x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin BZUSDTM | +0.063% | +0.0100% | 4h | $3.7M | $925K | 50x | as long as short |
| Aster BZUSDT | +0.070% | 0.0000% | 4h | $343K | $1.6M | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.077% | +0.0046% | 8h | $3K | $282 | 5x | as long as short |
| Bybit BZUSDT | +0.084% | 0.0000% | 8h | $10.5M | $16.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | +0.084% | 0.0000% | 4h | $15.8M | $31.3M | 50x | as long as short |
| Bitget BZUSDT | +0.084% | 0.0000% | 4h | $27.5M | $22.1M | 100x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.085% | +0.0050% | 1h | $1.5M | $569K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | +0.089% | L +0.0025% / S +0.0059% | 1h | $40K | — | 111x | as long as short |
| Lighter BRENTOIL | +0.094% | +0.0032% | 1h | $3.3M | $4.0M | 20x | as long as short |
| Binance BZUSDT | +0.096% | 0.0000% | 4h | $145.9M | $444.8M | 100x | as long as short |
| SunX BRENTOIL-USDT | +0.105% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| RISEx BZ/USDC | +0.110% | −0.0024% | 1h | $2.1M | $1.0M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | +0.115% | 0.0000% | 1h | $102K | $266K | 15x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.118% | +0.0050% | 1h | $134.6M | $133.8M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.119% | −0.0214% | 1h | $81K | $356K | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | +0.126% | −0.0048% | 1h | $266K | $713K | 15x | as long as short |
| Extended XBR-USD | +0.139% | +0.0032% | 1h | $666K | $5.2M | 10x | as long as short |
| Phemex XBRUSDTshort | +0.157% | 0.0000% | 4h | $1.2M | $92K | 100x | |
| gTrade (Gains Network) BRENT/USD | +0.870% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.362% | +0.0046% | 1h | — | $476K | 10x | as long as short |