Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Gate against Ondo Perps+0.072%7-day average +0.031% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.072%, 7d avg +0.031%

Together, before fees−0.325%+ Points / potential airdropOndo Perps: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.041% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.031%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.810	0.0050	pay 0.0006% / 1h	33m 04s	$3.1M	$1.1M	15x
Short	Gate BZ_USDT	96.880	0	get 0.0000% / 8h	5h 33m	$9.2M	$12.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Ondo Perps. 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 Ondo PerpsbpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: −$10.58
Price spread: +0.072% → +0.031%: $4.11
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.52 bp	13.3 bp −$13	20.9 bp −$209	28.8 bp −$2,878	40.5 bp −$20.2K

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	96.164	−0.667%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	+0.041%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.916	+0.110%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	+0.124%	$146.7M	$374.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	+0.093%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	+0.093%	$15.9M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.906	+0.099%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.880	+0.072%	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.940	+0.134%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.786	−0.025%	$9.3M	$7.1M	—	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	96.839	+0.030%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.940	+0.134%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	+0.124%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.760	−0.052%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.920	+0.114%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	96.809	−0.001%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.457	+0.668%	—	—	—	as long as short
BloFin BZ-USDT	+0.0028%	4h	96.900	+0.093%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	+0.114%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.942	+0.136%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0044%	1h	100.95	+4.276%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.859	+0.051%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.938	+0.132%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.966	+0.161%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	96.810	long leg	$3.1M	$1.1M	15x
Hotstuff BRENTOIL-PERP	+0.0072%	1h	96.880	+0.072%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.950	+0.145%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	+0.062%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0174%	1h	96.864	+0.056%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0047%	1h	96.915	+0.108%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.930	+0.124%	$83K	$218K	20x	as long as short