Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit+0.053%7-day average −0.074% · you sell dearer than you buy

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 7 days+0.244%+$24 · spread now +0.053%, 7d avg −0.074%

Together, before fees+0.441%+ Points / potential airdropOndo Perps: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Ondo Perps is 0.128% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	93.960	−0.0088	get 0.0088% / 8h	5h 56m	$10.7M	$16.7M	100x
Short	Ondo Perps BRENT-USD.P	94.010	0.0050	get 0.0006% / 1h	56m 11s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $29.05
Price spread: +0.053% → −0.074%: $12.76
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $25.81
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	0.53 bp	6.1 bp −$6	10.9 bp −$109	102.8 bp −$10.3K	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 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	94.290	+0.351%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0494%	1h	93.990	+0.032%	$45K	$375K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	93.994	+0.037%	$94K	$260K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.004	+0.047%	$2.3M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.932%	$8K	$7K	30x	as long as short
Bybit BZUSDTlong	−0.0088%	8h	93.960	long leg	$10.7M	$16.7M	100x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.120	+0.170%	$278K	$894K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0078%	4h	94.252	+0.310%	$13K	$308K	25x	as long as short
Lighter BRENTOIL	−0.0064%	1h	93.960	0.000%	$3.4M	$5.5M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0057%	1h	93.958	−0.002%	$127.7M	$180.1M	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BZ-USDT	−0.0039%	4h	94.080	+0.128%	$1.5M	$110K	50x	as long as short
Binance BZUSDT	−0.0021%	4h	93.961	+0.002%	$145.5M	$460.8M	100x	as long as short
Aster BZUSDT	0.0000%	4h	94.000	+0.043%	$359K	$781K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.960	0.000%	$15.7M	$27.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.940	−0.021%	$8.9M	$12.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.960	0.000%	$27.8M	$29.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.763	+0.854%	$9.1M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.030	+0.074%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.000	+0.043%	$268K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.330	+0.394%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	94.840	+0.936%	$218K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.614	+0.696%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	97.740	+4.023%	—	$736K	10x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	93.981	+0.023%	$1K	$2K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	94.054	+0.100%	$661K	$3.6M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0033%	1h	94.020	+0.064%	$1.5M	$452K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0036%	1h	94.524	+0.600%	$7K	$38K	5x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	94.010	+0.053%	$3.0M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	94.010	+0.053%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.250	+0.309%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.965	+0.005%	$32K	—	111x	as long as short