Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.072%

Price spread now: KuCoin against Ondo Perps+0.062%7-day average +0.098% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.087%−$9 · spread now +0.062%, 7d avg +0.098%

Together, before fees−0.047%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.035% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.062% now, against its 7-day average of +0.098%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.040% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.040	0.0050	pay 0.0006% / 1h	40m 30s	$3.0M	$1.1M	15x
Short	KuCoin BZUSDTM	96.100	0.0100	get 0.0050% / 4h	40m 30s	$3.8M	$989K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $10.42
Price spread: +0.062% → +0.098%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.11
Costs to cover: 0.170%
Break-even: 13.8 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	0.52 bp	15.4 bp −$15	48.7 bp −$487	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 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 −0.0848% / S +0.0467%	1h	96.075	+0.036%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0328%	1h	96.150	+0.115%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.699%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0126%	1h	96.157	+0.122%	$149.7M	$145.0M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	+0.031%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.108	+0.071%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0017%	4h	96.130	+0.094%	$145.9M	$467.1M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0012%	4h	96.060	+0.021%	$34K	$375K	25x	as long as short
BloFin BZ-USDT	−0.0002%	4h	96.090	+0.052%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.083%	$334K	$1.4M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	96.110	+0.073%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.110	+0.073%	$15.9M	$26.8M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.080	+0.042%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.120	+0.083%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.963	−0.080%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.100	+0.062%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.110	+0.073%	$103K	$278K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.030	−0.010%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.130	+0.094%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	95.988	−0.055%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0012%	8h	96.120	+0.083%	$3K	$521	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.090	+0.052%	$3.3M	$4.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	96.128	+0.091%	$6K	$45K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.740	+3.853%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.157	+0.122%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	96.040	long leg	$3.0M	$1.1M	15x
KuCoin BZUSDTMshort	+0.0100%	4h	96.100	+0.062%	$3.8M	$989K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.130	+0.094%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.136	+0.100%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0128%	1h	96.014	−0.027%	$671K	$5.2M	10x	as long as short