Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.018%

Price spread now: GRVT against Ondo Perps+0.099%7-day average +0.051% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.099%, 7d avg +0.051%

Together, before fees−0.187%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.048% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.990	0.0003	pay 0.0000% / 1h	21m 00s	$3.1M	$1.0M	15x
Short	GRVT BZ_USDT_Perp	97.086	0	get 0.0000% / 4h	21m 00s	$18K	$331K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$0.67
Price spread: +0.099% → +0.051%: $4.77
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$9.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 17 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 GRVT live order book, 17 min ago	0.51 bp	5.0 bp −$5	10.6 bp −$106	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	−0.397%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	+0.124%	$236K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.102	+0.116%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.069	+0.081%	$148.0M	$353.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.060	+0.072%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	+0.062%	$16.0M	$19.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.007	+0.018%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.020	+0.031%	$9.2M	$11.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.080	+0.093%	$27.8M	$18.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.087	+0.100%	$9.4M	$6.1M	—	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_Perpshort	0.0000%	4h	97.086	+0.099%	$18K	$331K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.090	+0.103%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.080	+0.093%	$100K	$255K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.030	+0.041%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.530	+0.557%	$1.2M	$86K	100x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0003%	1h	96.990	long leg	$3.1M	$1.0M	15x
Vest BZ-PERP	+0.0009%	1h	101.10	+4.238%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.626	+0.655%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	97.075	+0.087%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.070	+0.082%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.083	+0.095%	$735K	$3.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.025	+0.036%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.100	+0.113%	$154.9M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.091	+0.104%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.070	+0.082%	$1.5M	$98K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0096%	1h	97.129	+0.143%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.050	+0.062%	$3.8M	$800K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.100	+0.113%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.083	+0.096%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	97.100	+0.113%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.065	+0.077%	$115K	—	111x	as long as short