Funding you earn now, next payment 07:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h −0.005%
Price spread now: Kraken Futures against Ondo Perps+0.085%7-day average +0.058% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.978%−$98 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.085%, 7d avg +0.058%
=Together, before fees−1.175%+ Points / potential airdropOndo Perps: Active · farm board−$117 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.027% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.978%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 97.710 | 0.0050 | pay 0.0006% / 1h | 23m 45s | $3.1M | $1.0M | 15x |
| Short | Kraken Futures PF_BRENTOILUSD | 97.793 | 0.0158 | get 0.0020% / 1h | 23m 45s | $82K | $206K | 20x |
Ondo Perps BRENT-USD.P
Kraken Futures PF_BRENTOILUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $22.49
- Price spread: +0.085% → +0.058%
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $10.17
- Costs to cover
- 0.150%
- Break-even
- 3.8 days
Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 19 min ago | 4.66 bp | 14.5 bp −$14 | 29.4 bp −$294 | 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 | 97.018 | −0.708% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | +0.102% | $236K | $417K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.790 | +0.082% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.784 | +0.076% | $147.9M | $349.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.770 | +0.061% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.780 | +0.072% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.748 | +0.039% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.730 | +0.020% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.780 | +0.072% | $27.9M | $17.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.748 | +0.039% | $9.4M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.798 | +0.090% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.790 | +0.082% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.770 | +0.061% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.730 | +0.020% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 98.010 | +0.307% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 97.760 | +0.051% | $225K | $227K | 20x | as long as short |
| BloFin BZ-USDT | +0.0004% | 4h | 97.780 | +0.072% | $1.5M | $97K | 50x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.90 | +4.288% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.315 | +0.619% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.790 | +0.082% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.790 | +0.082% | $682K | $3.3M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0040% | 1h | 97.790 | +0.082% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.787 | +0.079% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.805 | +0.097% | $155.2M | $115.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.808 | +0.100% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.Plong | +0.0050% | 1h | 97.710 | long leg | $3.1M | $1.0M | 15x | |
| Aftermath Perps BRENTUSD | +0.0086% | 1h | 97.776 | +0.068% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.780 | +0.072% | $3.8M | $808K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.790 | +0.082% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSDshort | +0.0158% | 1h | 97.793 | +0.085% | $82K | $206K | 20x | |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.765 | +0.056% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
BloFin BZ-USDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]