Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.072%

Price spread now: Ondo Perps against KuCoin−0.010%7-day average −0.098% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.010%, 7d avg −0.098%

Together, before fees−0.006%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.087% dearer against KuCoin than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.098%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.040% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	96.080	0.0100	pay 0.0050% / 4h	41m 08s	$3.8M	$989K	50x
Short	Ondo Perps BRENT-USD.P	96.070	0.0050	get 0.0006% / 1h	41m 08s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.42
Price spread: −0.010% → −0.098%: $8.73
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.69
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.52 bp	13.4 bp −$13	50.0 bp −$500	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	96.075	−0.005%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.740%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0148%	1h	96.119	+0.041%	$147.8M	$143.8M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.010%	$232K	$577K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.110	+0.031%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.058	−0.023%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0016%	4h	96.120	+0.042%	$145.8M	$467.7M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	−0.021%	$34K	$375K	25x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.090	+0.010%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.042%	$334K	$1.4M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	96.110	+0.031%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.120	+0.042%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.040	−0.042%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.090	+0.010%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.122%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.100	+0.021%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.110	+0.031%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.052%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.052%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.096%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0011%	8h	96.080	0.000%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.080	0.000%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0033%	1h	96.110	+0.031%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.809%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.131	+0.053%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	96.070	−0.010%	$3.0M	$1.1M	15x
KuCoin BZUSDTMlong	+0.0100%	4h	96.080	long leg	$3.8M	$989K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.052%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.136	+0.058%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.012	−0.071%	$671K	$5.2M	10x	as long as short