data as of
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Price arb /

BZ

RWAall BZ markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.415%
7d average−0.243%if it closes, per $10,000$41funding while held, a day−$19.52
Long on PhemexShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XBRUSDT96.4400.0651pay 0.0325% / 4h23m 44s$1.2M$91K100x
ShortOKX BZ-USDT-SWAP96.0400get 0.0000% / 4h23m 44s$16.2M$30.1M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$41.48
Funding while held
−$19.52
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$82.99
Spread needed to break even
0.220%
Slippage unknown: Phemex: live order book, just now; OKX: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0651%
Per $10,000 a day
−$19.52
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, just now5.70 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago0.52 bp7.2 bp −$79.9 bp −$9926.3 bp −$2,625doesn't fit

BZ price on every exchange

against the cheapest. Click to use as the short leg.
Injective86.539cheapest
Bybit96.040+10.979%
OKX96.040+10.979%
Gate96.040+10.979%Ondo Perps96.060+11.002%KuCoin96.060+11.002%HTX96.060+11.002%Binance96.067+11.011%Variational Omni96.077+11.021%Bitget96.080+11.025%BloFin96.080+11.025%Aster96.090+11.037%RISEx96.090+11.037%GMX96.095+11.042%tradeXYZ96.098+11.046%Paradex96.104+11.053%edgeX96.106+11.055%Kraken Futures96.113+11.063%Polymarket Perps96.119+11.070%Hotstuff96.120+11.071%SunX96.120+11.071%Deribit96.120+11.071%Extended96.132+11.086%Lighter96.140+11.094%Aftermath Perps96.154+11.110%ApeX Omni96.190+11.152%Coinbase International96.320+11.302%
Phemex96.440+11.441%
gTrade (Gains Network)96.844+11.908%Vest100.15+15.728%

BZ on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BRENT/USDC PERP−10.266%−0.0220%1h$13K$9730xas long as short
Bybit BZUSDT−0.415%0.0000%8h$10.8M$15.2M100xas long as short
OKX BZ-USDT-SWAPshort−0.415%0.0000%4h$16.2M$30.1M50x
Gate BZ_USDT−0.415%0.0000%8h$9.2M$17.5M100xas long as short
Ondo Perps BRENT-USD.P−0.394%+0.0010%1h$3.0M$912K15xas long as short
KuCoin BZUSDTM−0.394%+0.0100%4h$3.7M$891K50xas long as short
HTX BRENTOIL-USDT−0.394%0.0000%4h$285K$123K75xas long as short
Binance BZUSDT−0.386%−0.0004%4h$146.7M$420.6M100xas long as short
Variational Omni BZ−0.377%0.0000%4h$9.6M$12.1M—as long as short
Bitget BZUSDT−0.373%0.0000%4h$28.4M$20.1M100xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin BZ-USDT−0.373%−0.0010%4h$1.6M$73K50xas long as short
Aster BZUSDT−0.363%0.0000%4h$335K$1.6M50xas long as short
RISEx BZ/USDC−0.363%−0.0048%1h$2.2M$579K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]−0.358%L +0.0037% / S +0.0056%1h$43K—111xas long as short
tradeXYZ xyz:BRENTOIL−0.355%+0.0050%1h$138.0M$118.9M20xas long as short
Paradex BZ-USD-PERP−0.348%+0.0044%8h$3K$2825xas long as short
edgeX BZUSDC−0.347%+0.0009%4h$220K$235K20xas long as short
Kraken Futures PF_BRENTOILUSD−0.339%+0.0066%1h$81K$364K20xas long as short
Polymarket Perps BRENTOIL-USD−0.333%+0.0050%1h$1.6M$568K20xas long as short
Hotstuff BRENTOIL-PERP−0.332%−0.0056%1h$33K—20xas long as short
SunX BRENTOIL-USDT−0.332%0.0000%4h$4K$2.7M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL−0.332%−0.0166%1h$103K$256K15xas long as short
Extended XBR-USD−0.319%+0.0032%1h$676K$5.0M10xas long as short
Lighter BRENTOIL−0.311%+0.0032%1h$3.2M$3.8M20xas long as short
Aftermath Perps BRENTUSD−0.297%−0.0004%1h$7K$50K5xas long as short
ApeX Omni BZUSDT−0.259%+0.0100%1h$25K$271K50xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.124%−0.0048%1h$259K$668K15xas long as short
Phemex XBRUSDTlong0.000%+0.0651%4h$1.2M$91K100x
gTrade (Gains Network) BRENT/USD+0.419%L +0.0011% / S −0.0011%1h———as long as short
Vest BZ-PERP+3.847%−0.0058%1h—$476K10xas long as short