Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0091%/8h= +9.9% APRpaid last 24h +0.022%

Price spread now: Ondo Perps against BloFin+0.010%7-day average −0.040% · you sell dearer than you buy

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.415%+$41 · spread now +0.010%, 7d avg −0.040%

Together, before fees+0.486%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Ondo Perps is 0.050% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.080	−0.0040	get 0.0020% / 4h	1h 04m	$1.5M	$91K	50x
Short	Ondo Perps BRENT-USD.P	97.090	0.0050	get 0.0006% / 1h	4m 36s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now +0.010%Rate

Funding earned: $19.01
Price spread: +0.010% → −0.040%: $5.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $7.03
Costs to cover: 0.170%
Break-even: 4.4 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.51 bp	6.8 bp −$7	9.9 bp −$99	18.9 bp −$1,894	doesn't fit
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 venues

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.141	−0.967%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.093%	$234K	$433K	15x	as long as short
BloFin BZ-USDTlong	−0.0040%	4h	97.080	long leg	$1.5M	$91K	50x
Aster BZUSDT	0.0000%	4h	97.108	+0.029%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.180	+0.103%	$147.0M	$372.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.140	+0.062%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.160	+0.082%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.190	+0.113%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.120	+0.041%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	+0.031%	$9.2M	$12.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.190	+0.113%	$27.5M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	+0.006%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.972	−0.111%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.120	+0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.110	+0.031%	$104K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.980	−0.103%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.110	+0.031%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.042	−0.040%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.643	+0.580%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+0.093%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.177	+0.100%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.15	+4.192%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.173	+0.096%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.153	+0.075%	$152.3M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.156	+0.078%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	97.090	+0.010%	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.150	+0.072%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.020	−0.062%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0120%	1h	97.038	−0.043%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0186% / S +0.0024%	1h	97.095	+0.015%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.127	+0.049%	$84K	$218K	20x	as long as short