Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.017%

Price spread now: Ondo Perps against Gate+0.116%7-day average −0.034% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.116%, 7d avg −0.034%

Together, before fees+0.098%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.149% dearer against Gate than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.034%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	95.070	0	get 0.0000% / 8h	7h 03m	$9.2M	$11.4M	100x
Short	Ondo Perps BRENT-USD.P	95.180	−0.0096	pay 0.0012% / 1h	3m 06s	$3.0M	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$20.16
Price spread: +0.116% → −0.034%: $14.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	1.05 bp	12.6 bp −$13	23.9 bp −$239	31.7 bp −$3,171	44.0 bp −$22.0K
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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0275%	1h	95.140	+0.074%	$98K	$269K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	+1.338%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0144%	4h	94.935	−0.141%	$14K	$329K	25x	as long as short
Ondo Perps BRENT-USD.Pshort	−0.0096%	1h	95.180	+0.116%	$3.0M	$1.0M	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.270	+0.210%	$273K	$585K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.262	+0.202%	$2.3M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.290	+0.231%	$1.5M	$102K	50x	as long as short
Bybit BZUSDT	−0.0007%	8h	95.120	+0.053%	$10.0M	$14.5M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.223	+0.161%	$81K	$203K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.151	+0.086%	$329K	$702K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	95.152	+0.087%	$146.1M	$383.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.110	+0.042%	$16.0M	$22.3M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	95.070	long leg	$9.2M	$11.4M	100x
Bitget BZUSDT	0.0000%	4h	95.160	+0.095%	$28.1M	$21.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.129	+0.062%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.170	+0.105%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.920	−0.158%	$271K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.480	+0.431%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.057	−0.014%	$218K	$231K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	98.960	+4.092%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.682	+0.644%	—	—	—	as long as short
Paradex BZ-USD-PERP	+0.0032%	8h	95.248	+0.188%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.080	+0.011%	$3.5M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.091	+0.022%	$732K	$2.7M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.151	+0.085%	$151.7M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.299	+0.241%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	95.561	+0.516%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.160	+0.095%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.150	+0.084%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0112%	1h	95.290	+0.231%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.105	+0.037%	$33K	—	111x	as long as short