Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.017%

Price spread now: Bitget against Ondo Perps+0.137%7-day average +0.100% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.137%, 7d avg +0.100%

Together, before fees−0.227%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.037% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	95.180	−0.0096	get 0.0012% / 1h	3m 41s	$3.0M	$1.0M	15x
Short	Bitget BZUSDT	95.310	0	get 0.0000% / 4h	3h 03m	$28.2M	$21.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.137%Rate

Funding earned: $20.16
Price spread: +0.137% → +0.100%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $6.86
Costs to cover: 0.170%
Break-even: 4.6 days

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.52 bp	7.3 bp −$7	9.5 bp −$95	26.4 bp −$2,637	68.9 bp −$34.4K

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
Hotstuff BRENTOIL-PERP	−0.0256%	1h	95.260	+0.084%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	+1.221%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0140%	4h	95.300	+0.126%	$14K	$329K	25x	as long as short
Ondo Perps BRENT-USD.Plong	−0.0096%	1h	95.180	long leg	$3.0M	$1.0M	15x
Deribit BRENTOIL_USDC-PERPETUAL	−0.0065%	1h	95.280	+0.105%	$98K	$269K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.040	−0.147%	$274K	$582K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.262	+0.086%	$2.3M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0022%	4h	95.000	−0.189%	$1.5M	$101K	50x	as long as short
Bybit BZUSDT	−0.0007%	8h	95.270	+0.095%	$10.0M	$14.5M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.338	+0.166%	$81K	$203K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	95.246	+0.069%	$330K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.280	+0.105%	$146.3M	$383.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.310	+0.137%	$16.1M	$22.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.210	+0.032%	$9.2M	$11.4M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	95.310	+0.137%	$28.2M	$21.5M	100x
Variational Omni BZ	0.0000%	4h	95.129	−0.053%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.300	+0.126%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.920	−0.273%	$272K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.640	+0.483%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	95.367	+0.197%	$219K	$231K	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	98.960	+3.971%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.849	+0.703%	—	—	—	as long as short
Paradex BZ-USD-PERP	+0.0032%	8h	95.248	+0.072%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.240	+0.063%	$3.5M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.322	+0.149%	$732K	$2.6M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.298	+0.124%	$152.0M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.360	+0.189%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0057%	1h	95.634	+0.477%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.290	+0.116%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.190	+0.011%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.325	+0.152%	$33K	—	111x	as long as short