Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.019%

Price spread now: Binance against Ondo Perps+0.050%56s7-day average +0.109% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days+0.197%+$20 · spread now +0.050%, 7d avg +0.109%

Together, before fees+0.133%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.059% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.109%). Swap the legs. The two prices were read 56 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	Ondo Perps BRENT-USD.P	97.150	0.0050	pay 0.0006% / 1h	24m 43s	$3.1M	$1.1M	15x
Short	Binance BZUSDT	97.198	0	get 0.0000% / 4h	24m 43s	$147.0M	$370.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$10.58
Price spread: +0.050% → +0.109%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.52
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.51 bp	5.5 bp −$6	5.5 bp −$55	11.4 bp −$1,138	63.7 bp −$31.8K

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	96.571	−0.596%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.093%	$234K	$437K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	+0.072%	$338K	$954K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.198	+0.050%	$147.0M	$370.1M	100x
Bybit BZUSDT	0.0000%	8h	97.200	+0.051%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	+0.062%	$16.1M	$20.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.195	+0.047%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	+0.010%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.200	+0.051%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.167	+0.018%	$9.4M	$6.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.210	+0.062%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	+0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.210	+0.062%	$104K	$232K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.180	+0.031%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.185%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.745	+0.612%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.193	+0.044%	$223K	$227K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.260	+0.113%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	+0.072%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.218	+0.070%	$680K	$4.4M	10x	as long as short
Vest BZ-PERP	+0.0032%	1h	101.22	+4.189%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0049%	4h	97.190	+0.041%	$1.5M	$92K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.187	+0.038%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.248	+0.101%	$153.3M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.250	+0.103%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	97.150	long leg	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.240	+0.093%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.240	+0.093%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0102%	1h	97.281	+0.135%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.224	+0.076%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S −0.0068%	1h	97.195	+0.046%	$126K	—	111x	as long as short