BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0889%/8h= +97.4% APRnext payment +$1.11 per $10,000 · paid last 24h −0.019%

Price spread now: Ondo Perps against GMX−0.005%7-day average −0.043% · you buy dearer than you sell

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

Long on GMX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.142%+$14 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.005%, 7d avg −0.043%

Together, before fees+0.220%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Ondo Perps is 0.038% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.142% in total (about 16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BRENTOIL/USD [ETH-USDC]	96.015	L −0.0848% / S +0.0467%	get 0.0106% / 1h	8m 00s	$120K	—	111x
Short	Ondo Perps BRENT-USD.P	96.010	0.0042	get 0.0005% / 1h	8m 00s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against GMX. 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 GMXbpFee Ondo PerpsbpOrdersPrice spread, now −0.005%Rate

Funding earned: $186.73
Price spread: −0.005% → −0.043%: $3.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $173.49
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

GMX and 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 30 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
GMX BRENTOIL/USD [ETH-USDC]long	L −0.0848% / S +0.0467%	1h	96.015	long leg	$120K	—	111x
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.798%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.007	−0.008%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.036%	$232K	$625K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	96.040	+0.026%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.017	+0.002%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.030	+0.016%	$145.7M	$472.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.030	+0.016%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.020	+0.005%	$15.8M	$27.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.980	−0.036%	$9.2M	$18.0M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.020	+0.005%	$27.4M	$21.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.032	+0.018%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.940	−0.078%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	+0.016%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.040	+0.026%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.990	−0.026%	$305K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.090	+0.078%	$1.2M	$95K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0013%	1h	96.055	+0.042%	$6K	$45K	5x	as long as short
edgeX BZUSDC	+0.0013%	4h	96.028	+0.014%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0021%	8h	96.014	−0.001%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.040	+0.026%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.958	−0.059%	$670K	$5.2M	10x	as long as short
BloFin BZ-USDT	+0.0039%	4h	96.040	+0.026%	$1.5M	$95K	50x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0042%	1h	96.010	−0.005%	$3.0M	$1.1M	15x
Vest BZ-PERP	+0.0046%	1h	100.38	+4.546%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.050	+0.036%	$147.8M	$145.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.080	+0.068%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.040	+0.026%	$3.7M	$996K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.060	+0.047%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.057	+0.043%	$81K	$235K	20x	as long as short