Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.006%

Price spread now: Ondo Perps against HTX0.000%7-day average −0.009% · you sell dearer than you buy

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now 0.000%, 7d avg −0.009%

Together, before fees+0.217%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.099%, 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	HTX BRENTOIL-USDT	95.960	0	get 0.0000% / 4h	1h 20m	$305K	$259K	75x
Short	Ondo Perps BRENT-USD.P	95.960	−0.0115	pay 0.0014% / 1h	20m 13s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$24.19
Price spread: 0.000% → −0.009%: $0.93
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$40.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 62 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 HTX live order book, 62 min ago	2.61 bp	9.6 bp −$10	16.8 bp −$168	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 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]	L −0.0848% / S +0.0467%	1h	96.005	+0.047%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.911%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.Pshort	−0.0115%	1h	95.960	0.000%	$3.0M	$1.1M	15x
RISEx BZ/USDC	−0.0075%	1h	95.996	+0.037%	$2.2M	$1.3M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.094%	$232K	$638K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.004	+0.045%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.010	+0.052%	$145.7M	$477.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.000	+0.042%	$10.3M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.000	+0.042%	$15.8M	$27.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.960	0.000%	$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	95.980	+0.021%	$27.4M	$21.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	+0.003%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.929	−0.032%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	+0.073%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.030	+0.073%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	95.960	long leg	$305K	$259K	75x
Phemex XBRUSDT	0.0000%	4h	96.000	+0.042%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.921	−0.041%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0003%	1h	95.997	+0.038%	$5K	$45K	5x	as long as short
BloFin BZ-USDT	+0.0003%	4h	95.930	−0.031%	$1.5M	$95K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	96.040	+0.083%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0014%	8h	96.009	+0.051%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.970	+0.010%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.919	−0.043%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.02	+4.231%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.041	+0.084%	$147.7M	$146.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.062	+0.106%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.030	+0.073%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.900	−0.063%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.050	+0.094%	$81K	$235K	20x	as long as short