Spread before costs (cost unknown: a leg has no order-book sample)−0.209%
7d average−0.214%if it closes, per $10,000$21funding while held, a day−$0.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 95.650 | 0 | get 0.0000% / 4h | 2h 46m | $1.2M | $98K | 100x |
| Short | Binance BZUSDT | 95.450 | −0.0004 | pay 0.0002% / 4h | 2h 46m | $144.8M | $452.1M | 100x |
Phemex XBRUSDT
Binance BZUSDTPrice 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
- −$20.91
- Funding while held
- −$0.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.04
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 3 min ago; Binance: live order book, 14 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.13
- 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 Phemex live order book, 3 min ago | 15.15 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.52 bp | 5.5 bp −$6 | 5.9 bp −$59 | 11.6 bp −$1,160 | 47.7 bp −$23.9K |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.482cheapestHTX95.380+0.950%ApeX Omni95.410+0.982%Gate95.420+0.993%edgeX95.423+0.996%Bybit95.430+1.003%Aster95.434+1.008%Variational Omni95.449+1.024%
Injective
HTX
ApeX Omni
Gate
Bybit
Aster
Variational OmniBinance95.450+1.025%
OKX95.450+1.025%Ondo Perps95.450+1.025%Paradex95.457+1.032%Lighter95.460+1.035%KuCoin95.460+1.035%Bitget95.460+1.035%Aftermath Perps95.466+1.041%BloFin95.470+1.046%tradeXYZ95.480+1.056%Coinbase International95.480+1.056%Polymarket Perps95.488+1.065%Extended95.494+1.071%GMX95.495+1.072%SunX95.500+1.077%RISEx95.508+1.086%Kraken Futures95.518+1.096%Hotstuff95.520+1.099%Deribit95.520+1.099%
OKX
Ondo Perps
Paradex
Lighter
KuCoin
Bitget
BloFin
tradeXYZ
Coinbase International
Polymarket Perps
Extended
GMX
SunX
RISEx
Kraken Futures
Hotstuff
DeribitPhemex95.650+1.236%
gTrade (Gains Network)96.213+1.832%Vest99.450+5.258%
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 | −1.221% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| HTX BRENTOIL-USDT | −0.282% | 0.0000% | 4h | $282K | $125K | 75x | as long as short |
| ApeX Omni BZUSDT | −0.251% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| Gate BZ_USDT | −0.240% | 0.0000% | 8h | $9.2M | $18.4M | 100x | as long as short |
| edgeX BZUSDC | −0.238% | −0.0004% | 4h | $218K | $236K | 20x | as long as short |
| Bybit BZUSDT | −0.230% | 0.0000% | 8h | $10.4M | $16.3M | 100x | as long as short |
| Aster BZUSDT | −0.225% | 0.0000% | 4h | $334K | $1.6M | 50x | as long as short |
| Variational Omni BZ | −0.210% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| Binance BZUSDTshort | −0.209% | −0.0004% | 4h | $144.8M | $452.1M | 100x | |
| OKX BZ-USDT-SWAP | −0.209% | 0.0000% | 4h | $15.8M | $31.0M | 50x | as long as short |