BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.039%

Price spread now: Ondo Perps against Coinbase International+0.354%7-day average +0.061% · you sell dearer than you buy

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.313%+$31 on $10k

Price spread, last 3 days (all we have)−0.295%−$30 · spread now +0.354%, 7d avg +0.061%

Together, before fees+0.018%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Ondo Perps is 0.293% dearer against Coinbase International than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	96.070	−0.0136	get 0.0017% / 1h	32m 16s	$232K	$468K	15x
Short	Ondo Perps BRENT-USD.P	96.410	0.0025	get 0.0003% / 1h	32m 16s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. 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 Coinbase InternationalbpFee Ondo PerpsbpOrdersPrice spread, now +0.354%Rate

Funding earned: $33.77
Price spread: +0.354% → +0.061%: $29.32
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $48.09
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 41 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 Coinbase International live order book, 41 min ago	1.56 bp	6.7 bp −$7	9.2 bp −$92	doesn't fit	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	95.669	−0.417%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0136%	1h	96.070	long leg	$232K	$468K	15x
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.435	+0.380%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0058%	4h	96.460	+0.406%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.489	+0.436%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.432	+0.377%	$145.6M	$425.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.450	+0.396%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.430	+0.375%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.464	+0.410%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.390	+0.333%	$9.2M	$14.3M	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	96.450	+0.396%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.460	+0.406%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.460	+0.406%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.460	+0.406%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.460	+0.406%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.440	+0.385%	$307K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	+0.416%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.973	+0.940%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	96.470	+0.417%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.464	+0.411%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0025%	1h	96.410	+0.354%	$3.1M	$1.1M	15x
Lighter BRENTOIL	+0.0032%	1h	96.480	+0.427%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.439	+0.384%	$749K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.468	+0.414%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.52	+4.632%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.467	+0.413%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.499	+0.447%	$1.5M	$511K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.500	+0.448%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.500	+0.448%	$3.8M	$986K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.480	+0.427%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0449%	1h	96.487	+0.434%	$7K	$45K	5x	as long as short