Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.015%

Price spread now: edgeX against Ondo Perps+0.015%7-day average +0.025% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.015%, 7d avg +0.025%

Together, before fees−0.053%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.410	0.0031	pay 0.0004% / 1h	28m 51s	$3.1M	$1.1M	15x
Short	edgeX BZUSDC	96.424	0.0001	get 0.0001% / 4h	3h 28m	$221K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$6.25
Price spread: +0.015% → +0.025%: −$1.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 43 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 edgeX live order book, 43 min ago	10.40 bp	14.9 bp −$15	16.1 bp −$161	59.7 bp −$5,969	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	95.669	−0.769%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.353%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.475	+0.067%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0045%	4h	96.450	+0.041%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.491	+0.084%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.462	+0.054%	$145.5M	$424.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.460	+0.052%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.460	+0.052%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.476	+0.068%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.500	+0.093%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.420	+0.010%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.480	+0.073%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.430	+0.021%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.442	+0.033%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.510	+0.104%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.500	+0.093%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	0.000%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.480	+0.073%	$1.2M	$94K	100x	as long as short
edgeX BZUSDCshort	+0.0001%	4h	96.424	+0.015%	$221K	$234K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.007	+0.619%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.501	+0.095%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0031%	1h	96.410	long leg	$3.1M	$1.1M	15x
Lighter BRENTOIL	+0.0032%	1h	96.480	+0.073%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.479	+0.072%	$747K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0043%	8h	96.477	+0.070%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.55	+4.294%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.501	+0.094%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.539	+0.134%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.510	+0.104%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	+0.083%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0437%	1h	96.466	+0.058%	$7K	$45K	5x	as long as short