BZ

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Spread before costs (cost unknown: a leg has no order-book sample)−0.032%

7d average+0.018%if it closes, per $10,000$3funding while held, a day+$1.98

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	96.226	0	get 0.0000% / 4h	34m 03s	$9.6M	$12.1M	—
Short	Kraken Futures PF_BRENTOILUSD	96.195	0.0066	get 0.0008% / 1h	34m 03s	$82K	$363K	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee Variational OmnibpFee Kraken FuturesbpOrdersClose when spread is

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 15 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	2.63 bp	doesn't fit	3.2 bp −$32	8.4 bp −$836	doesn't fit
Sell Kraken Futures live order book, 15 min ago	5.92 bp	22.6 bp −$23	34.7 bp −$347	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−10.067%	−0.0220%	1h	$13K	$97	30x	as long as short
Gate BZ_USDT	−0.131%	0.0000%	8h	$9.2M	$17.4M	100x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	−0.115%	L +0.0039% / S +0.0055%	1h	$43K	—	111x	as long as short
Bybit BZUSDT	−0.110%	0.0000%	8h	$10.8M	$15.0M	100x	as long as short
Binance BZUSDT	−0.100%	−0.0001%	4h	$147.0M	$418.2M	100x	as long as short
OKX BZ-USDT-SWAP	−0.100%	0.0000%	4h	$16.3M	$30.0M	50x	as long as short
Bitget BZUSDT	−0.089%	0.0000%	4h	$28.5M	$19.9M	100x	as long as short
SunX BRENTOIL-USDT	−0.089%	0.0000%	4h	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.089%	−0.0166%	1h	$103K	$255K	15x	as long as short
Lighter BRENTOIL	−0.079%	+0.0032%	1h	$3.2M	$3.8M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin BZUSDTM	−0.079%	+0.0100%	4h	$3.8M	$889K	50x	as long as short
HTX BRENTOIL-USDT	−0.079%	0.0000%	4h	$286K	$123K	75x	as long as short
Extended XBR-USD	−0.061%	+0.0032%	1h	$685K	$5.0M	10x	as long as short
tradeXYZ xyz:BRENTOIL	−0.053%	+0.0050%	1h	$138.1M	$118.0M	20x	as long as short
RISEx BZ/USDC	−0.052%	−0.0048%	1h	$2.2M	$574K	20x	as long as short
Aster BZUSDT	−0.050%	0.0000%	4h	$338K	$1.6M	50x	as long as short
Ondo Perps BRENT-USD.P	−0.048%	+0.0025%	1h	$3.0M	$907K	15x	as long as short
Aftermath Perps BRENTUSD	−0.041%	−0.0009%	1h	$7K	$50K	5x	as long as short
Hotstuff BRENTOIL-PERP	−0.037%	+0.0136%	1h	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	−0.034%	+0.0044%	8h	$3K	$282	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	−0.032%	+0.0066%	1h	$82K	$363K	20x
edgeX BZUSDC	−0.027%	+0.0003%	4h	$220K	$236K	20x	as long as short
Polymarket Perps BRENTOIL-USD	−0.026%	+0.0050%	1h	$1.6M	$566K	20x	as long as short
BloFin BZ-USDT	−0.016%	−0.0019%	4h	$1.6M	$73K	50x	as long as short
Variational Omni BZlong	0.000%	0.0000%	4h	$9.6M	$12.1M	—
ApeX Omni BZUSDT	+0.056%	+0.0100%	1h	$25K	$271K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	+0.087%	−0.0048%	1h	$259K	$667K	15x	as long as short
Phemex XBRUSDT	+0.441%	+0.0815%	4h	$1.2M	$91K	100x	as long as short
gTrade (Gains Network) BRENT/USD	+0.666%	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Vest BZ-PERP	+3.985%	−0.0092%	1h	—	$317K	10x	as long as short