Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.042%
Price spread now: Coinbase International against Ondo Perps+0.113%7-day average −0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.325%−$33 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.113%, 7d avg −0.063%
=Together, before fees−0.474%+ Points / potential airdropOndo Perps: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.177% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.063%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.8 days. At the pace of the last 7 days (−0.325% in total) that is about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 97.000 | 0.0004 | pay 0.0001% / 1h | 19m 17s | $3.1M | $1.0M | 15x |
| Short | Coinbase International BRENTOIL-PERP-INTX | 97.110 | −0.0056 | pay 0.0007% / 1h | 19m 17s | $236K | $416K | 15x |
Ondo Perps BRENT-USD.P
Coinbase International BRENTOIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.6
- Price spread: +0.113% → −0.063%
- $17.66
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.94
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 19 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 Coinbase International live order book, 19 min ago | 2.06 bp | 7.1 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
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 | 96.605 | −0.407% | $8K | $7K | 30x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0059% | 1h | 97.080 | +0.082% | $100K | $255K | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTXshort | −0.0056% | 1h | 97.110 | +0.113% | $236K | $416K | 15x | |
| Aster BZUSDT | 0.0000% | 4h | 97.135 | +0.139% | $338K | $860K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.110 | +0.113% | $148.1M | $352.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.060 | +0.062% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.080 | +0.082% | $16.0M | $19.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.044 | +0.045% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.040 | +0.041% | $9.2M | $11.1M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.090 | +0.093% | $27.8M | $18.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Deribit BRENTOIL_USDC-PERPETUAL
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.058 | +0.060% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.059 | +0.060% | $18K | $331K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.080 | +0.082% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.030 | +0.031% | $279K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.580 | +0.598% | $1.2M | $86K | 100x | as long as short |
| Ondo Perps BRENT-USD.Plong | +0.0004% | 1h | 97.000 | long leg | $3.1M | $1.0M | 15x | |
| Vest BZ-PERP | +0.0009% | 1h | 101.12 | +4.247% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.647 | +0.667% | — | — | — | as long as short |
| BloFin BZ-USDT | +0.0013% | 4h | 97.070 | +0.072% | $1.5M | $98K | 50x | as long as short |
| edgeX BZUSDC | +0.0013% | 4h | 97.075 | +0.077% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.100 | +0.103% | $3.3M | $4.0M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.110 | +0.113% | $735K | $3.0M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.077 | +0.079% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.090 | +0.093% | $154.9M | $114.9M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.124 | +0.128% | $1.6M | $405K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0096% | 1h | 97.109 | +0.113% | $7K | $40K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.060 | +0.062% | $3.8M | $800K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.100 | +0.103% | $25K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 97.096 | +0.099% | $82K | $200K | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0160% | 1h | 97.090 | +0.093% | $33K | — | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.075 | +0.077% | $115K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
BloFin BZ-USDT
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Hotstuff BRENTOIL-PERP
GMX BRENTOIL/USD [ETH-USDC]