BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.070%

Price spread now: Injective against Ondo Perps+0.045%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.045% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	95.880	0.0050	pay 0.0006% / 1h	6m 12s	$3.1M	$1.1M	15x
Short	Injective BRENT/USDC PERP	95.923	−0.0220	pay 0.0028% / 1h	6m 12s	$8K	$7K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$56.78
Price spread: +0.045% → 0.000%: $4.48
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$57.32
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

Ondo Perps and Injective: 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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0759% / S +0.0474%	1h	95.975	+0.099%	$114K	—	29x	as long as short
Injective BRENT/USDC PERPshort	−0.0220%	1h	95.923	+0.045%	$8K	$7K	30x
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.177%	$232K	$859K	15x	as long as short
Paradex BZ-USD-PERP	−0.0006%	8h	95.960	+0.083%	$3K	$521	5x	as long as short
BloFin BZ-USDT	−0.0003%	4h	95.890	+0.010%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.947	+0.070%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.970	+0.094%	$145.7M	$491.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.970	+0.094%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	+0.073%	$15.8M	$29.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.970	+0.094%	$2.2M	$1.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.930	+0.052%	$9.2M	$19.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.950	+0.073%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.913	+0.034%	$9.5M	$10.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	+0.015%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.000	+0.125%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.000	+0.125%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.920	+0.042%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.970	+0.094%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.895	+0.016%	$219K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.000	+0.125%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.983	+0.108%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.349%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.999	+0.124%	$148.0M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.999	+0.124%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	95.880	long leg	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	95.870	−0.010%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.890	+0.010%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.995	+0.120%	$81K	$258K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0192%	1h	95.990	+0.115%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0212%	1h	95.890	+0.011%	$6K	$45K	5x	as long as short