Spread before costs (cost unknown: a leg has no order-book sample)−0.191%
7d average−0.263%if it closes, per $10,000$19funding while held, a day+$0.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 95.690 | 0 | get 0.0000% / 4h | 2h 28m | $1.2M | $98K | 100x |
| Short | edgeX BZUSDC | 95.507 | 0.0012 | get 0.0006% / 4h | 2h 28m | $218K | $236K | 20x |
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
- −$19.14
- Funding while held
- $0.35
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$39.78
- Spread needed to break even
- 0.210%
Slippage unknown: Phemex: live order book, 1 min ago; edgeX: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0012%
- Per $10,000 a day
- +$0.35
- 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, 1 min ago | 15.14 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 10 min ago | 10.47 bp | 15.0 bp −$15 | 16.3 bp −$163 | 63.8 bp −$6,379 | doesn't fit |
BZ price on every exchange
against the cheapest. Click to use as the short leg.Injective94.796cheapestVariational Omni95.470+0.711%Coinbase International95.480+0.722%HTX95.480+0.722%ApeX Omni95.500+0.743%Aftermath Perps95.516+0.760%KuCoin95.540+0.785%Gate95.550+0.795%GMX95.555+0.801%Kraken Futures95.565+0.811%Ondo Perps95.570+0.816%BloFin95.570+0.816%SunX95.580+0.827%Deribit95.580+0.827%Lighter95.590+0.838%Hotstuff95.590+0.838%Aster95.592+0.840%Paradex95.594+0.842%Polymarket Perps95.597+0.845%Bitget95.600+0.848%Extended95.620+0.869%tradeXYZ95.628+0.878%Binance95.631+0.881%RISEx95.647+0.897%OKX95.660+0.911%Bybit95.670+0.922%
Injective
Variational Omni
Coinbase International
HTX
ApeX Omni
KuCoin
Gate
GMX
Kraken Futures
Ondo Perps
BloFin
SunX
Deribit
Lighter
Hotstuff
Aster
Paradex
Polymarket Perps
Bitget
Extended
tradeXYZ
Binance
RISEx
OKX
BybitPhemex95.690+0.943%
gTrade (Gains Network)96.265+1.550%Vest99.570+5.036%
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 | −0.934% | −0.0220% | 1h | $10K | $4K | 30x | as long as short |
| Variational Omni BZ | −0.230% | 0.0000% | 4h | $9.4M | $12.3M | — | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.219% | −0.0024% | 1h | $266K | $713K | 15x | as long as short |
| HTX BRENTOIL-USDT | −0.219% | 0.0000% | 4h | $282K | $126K | 75x | as long as short |
| ApeX Omni BZUSDT | −0.199% | +0.0100% | 1h | $25K | $270K | 50x | as long as short |
| edgeX BZUSDCshort | −0.191% | +0.0012% | 4h | $218K | $236K | 20x | |
| Aftermath Perps BRENTUSD | −0.182% | −0.0007% | 1h | $6K | $49K | 5x | as long as short |
| KuCoin BZUSDTM | −0.157% | +0.0100% | 4h | $3.7M | $926K | 50x | as long as short |
| Gate BZ_USDT | −0.146% | 0.0000% | 8h | $9.2M | $18.4M | 100x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | −0.141% | L +0.0017% / S +0.0045% | 1h | $35K | — | 111x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BRENTOILUSD | −0.131% | −0.0324% | 1h | $81K | $299K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | −0.125% | +0.0050% | 1h | $3.0M | $1.0M | 15x | as long as short |
| BloFin BZ-USDT | −0.125% | −0.0046% | 4h | $1.5M | $81K | 50x | as long as short |
| SunX BRENTOIL-USDT | −0.115% | 0.0000% | 4h | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.115% | 0.0000% | 1h | $102K | $281K | 15x | as long as short |
| Lighter BRENTOIL | −0.105% | +0.0032% | 1h | $3.2M | $4.2M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.105% | −0.0008% | 1h | $33K | — | 20x | as long as short |
| Aster BZUSDT | −0.103% | 0.0000% | 4h | $334K | $1.6M | 50x | as long as short |
| Paradex BZ-USD-PERP | −0.100% | +0.0045% | 8h | $3K | $473 | 5x | as long as short |
| Polymarket Perps BRENTOIL-USD | −0.097% | +0.0050% | 1h | $1.5M | $549K | 20x | as long as short |
| Bitget BZUSDT | −0.094% | 0.0000% | 4h | $27.7M | $22.5M | 100x | as long as short |
| Extended XBR-USD | −0.073% | +0.0032% | 1h | $665K | $5.2M | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.065% | +0.0050% | 1h | $143.2M | $138.8M | 20x | as long as short |
| Binance BZUSDT | −0.062% | 0.0000% | 4h | $144.5M | $453.7M | 100x | as long as short |
| RISEx BZ/USDC | −0.045% | 0.0000% | 1h | $2.1M | $1.0M | 20x | as long as short |
| OKX BZ-USDT-SWAP | −0.031% | 0.0000% | 4h | $15.8M | $31.1M | 50x | as long as short |
| Bybit BZUSDT | −0.021% | 0.0000% | 8h | $10.4M | $16.5M | 100x | as long as short |
| Phemex XBRUSDTlong | 0.000% | 0.0000% | 4h | $1.2M | $98K | 100x | |
| gTrade (Gains Network) BRENT/USD | +0.601% | L +0.0011% / S −0.0011% | 1h | — | — | — | as long as short |
| Vest BZ-PERP | +4.055% | +0.0046% | 1h | — | $593K | 10x | as long as short |