Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: Ondo Perps against GRVT−0.053%53s7-day average −0.057% · you buy dearer than you sell

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.053%, 7d avg −0.057%

Together, before fees+0.121%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.361	0	get 0.0000% / 4h	3h 28m	$29K	$307K	25x
Short	Ondo Perps BRENT-USD.P	97.310	0.0050	get 0.0006% / 1h	28m 06s	$3.1M	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against GRVT. 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 GRVTbpFee Ondo PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.58
Price spread: −0.053% → −0.057%: $0.47
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.95
Costs to cover: 0.140%
Break-even: 9.0 days

Slippage unknown: GRVT: live order book, 24 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 GRVT live order book, 24 min ago	0.51 bp	5.9 bp −$6	9.9 bp −$99	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	96.628	−0.753%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.094%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	97.340	−0.022%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.360	−0.001%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.352	−0.009%	$147.3M	$367.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.340	−0.022%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.350	−0.012%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.344	−0.018%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.320	−0.042%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.360	−0.001%	$27.9M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.338	−0.024%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perplong	0.0000%	4h	97.361	long leg	$29K	$307K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.370	+0.009%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	−0.001%	$104K	$245K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.042%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.450	+0.091%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.365	+0.004%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.893	+0.546%	—	—	—	as long as short
Vest BZ-PERP	+0.0028%	1h	101.39	+4.138%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	−0.012%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.360	−0.001%	$677K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.342	−0.020%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.369	+0.008%	$153.8M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.375	+0.014%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	97.310	−0.053%	$3.1M	$1.0M	15x
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.359	−0.002%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.400	+0.040%	$3.8M	$853K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−0.001%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.380	+0.019%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0160%	1h	97.380	+0.019%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0252% / S −0.1293%	1h	97.355	−0.006%	$115K	—	111x	as long as short