Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against Binance−0.032%46s7-day average −0.100% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days+0.371%+$37 · spread now −0.032%, 7d avg −0.100%

Together, before fees+0.454%+ Points / potential airdropOndo Perps: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.100%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	94.350	−0.0029	get 0.0014% / 4h	1h 27m	$145.0M	$468.4M	100x
Short	Ondo Perps BRENT-USD.P	94.320	0.0050	get 0.0006% / 1h	27m 55s	$3.0M	$1.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $16.57
Price spread: −0.032% → −0.100%: $6.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $8.38
Costs to cover: 0.150%
Break-even: 3.5 days

Slippage unknown: Binance: live order book, 9 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 Binance live order book, 9 min ago	0.53 bp	5.5 bp −$6	5.9 bp −$59	14.7 bp −$1,472	54.9 bp −$27.4K
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.360	+0.011%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0597%	1h	94.360	+0.011%	$29K	$388K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.395	+0.047%	$104K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.407	+0.061%	$1.9M	$2.3M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.515%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	+0.042%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0067%	8h	94.350	0.000%	$10.7M	$17.0M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0040%	4h	94.448	+0.104%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0039%	4h	94.340	−0.011%	$1.5M	$114K	50x	as long as short
Binance BZUSDTlong	−0.0029%	4h	94.350	long leg	$145.0M	$468.4M	100x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0028%	4h	94.444	+0.100%	$217K	$232K	20x	as long as short
Aster BZUSDT	0.0000%	4h	94.352	+0.002%	$323K	$795K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.340	−0.011%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.290	−0.064%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.360	+0.011%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.373	+0.024%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.410	+0.064%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.330	−0.021%	$242K	$315K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.450	+0.106%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.925	+0.609%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0017%	1h	94.386	+0.039%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	98.060	+3.932%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.390	+0.042%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.391	+0.043%	$754K	$3.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0033%	8h	94.340	−0.011%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.420	+0.074%	$138.9M	$189.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.440	+0.095%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	94.320	−0.032%	$3.0M	$1.2M	15x
KuCoin BZUSDTM	+0.0100%	4h	94.370	+0.021%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.440	+0.095%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.325	−0.026%	$32K	—	111x	as long as short