Funding you earn now, next payment 11:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Ondo Perps+0.053%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 7 days−0.419%−$42 · spread now +0.053%, 7d avg +0.083%
=Together, before fees−0.463%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.030% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 93.800 | 0.0050 | pay 0.0006% / 1h | 8m 00s | $3.0M | $1.2M | 15x |
| Short | Lighter BRENTOIL | 93.850 | 0.0032 | get 0.0004% / 1h | 8m 00s | $3.4M | $5.7M | 20x |
Ondo Perps BRENT-USD.P
Lighter BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$3.86
- Price spread: +0.053% → +0.083%
- −$2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.82
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 3 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 Lighter live order book, 3 min ago | 0.53 bp | 2.5 bp −$2 | 2.8 bp −$28 | 11.6 bp −$1,155 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BRENTOIL-PERP | −0.1600% | 1h | 94.000 | +0.213% | $32K | — | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0343% | 1h | 93.794 | −0.007% | $105K | $274K | 20x | as long as short |
| RISEx BZ/USDC | −0.0302% | 1h | 93.838 | +0.041% | $2.2M | $2.6M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0283% | 1h | 93.820 | +0.021% | $29K | $388K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 94.836 | +1.104% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0080% | 1h | 94.150 | +0.373% | $246K | $1.0M | 15x | as long as short |
| Bybit BZUSDT | −0.0049% | 8h | 93.850 | +0.053% | $10.6M | $16.8M | 100x | as long as short |
| Binance BZUSDT | −0.0016% | 4h | 93.843 | +0.046% | $144.1M | $465.8M | 100x | as long as short |
| GRVT BZ_USDT_Perp | −0.0016% | 4h | 94.072 | +0.290% | $16K | $307K | 25x | as long as short |
| edgeX BZUSDC | −0.0006% | 4h | 94.022 | +0.237% | $216K | $230K | 20x | as long as short |
Hotstuff BRENTOIL-PERP
Kraken Futures PF_BRENTOILUSD
RISEx BZ/USDC
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Bybit BZUSDT
Binance BZUSDT
GRVT BZ_USDT_Perp
edgeX BZUSDCShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BZUSDT | 0.0000% | 4h | 93.847 | +0.050% | $322K | $639K | 50x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 93.830 | +0.032% | $15.7M | $28.2M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 93.850 | +0.053% | $8.8M | $13.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 93.850 | +0.053% | $27.2M | $30.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 94.191 | +0.417% | $8.9M | $6.6M | — | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 93.890 | +0.096% | $4K | $1.6M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 94.160 | +0.384% | $241K | $312K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 94.230 | +0.458% | $1.2M | $91K | 100x | as long as short |
| Aftermath Perps BRENTUSD | +0.0007% | 1h | 94.040 | +0.256% | $7K | $37K | 5x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 94.358 | +0.594% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0018% | 1h | 97.550 | +3.998% | — | $736K | 10x | as long as short |
| Lighter BRENTOILshort | +0.0032% | 1h | 93.850 | +0.053% | $3.4M | $5.7M | 20x | |
| Extended XBR-USD | +0.0032% | 1h | 93.856 | +0.059% | $751K | $3.9M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0038% | 8h | 93.845 | +0.048% | $2K | $2K | 5x | as long as short |
| BloFin BZ-USDT | +0.0046% | 4h | 94.110 | +0.330% | $1.5M | $122K | 50x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 93.876 | +0.081% | $137.9M | $183.4M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 93.871 | +0.076% | $1.5M | $495K | 20x | as long as short |
| Ondo Perps BRENT-USD.Plong | +0.0050% | 1h | 93.800 | long leg | $3.0M | $1.2M | 15x | |
| KuCoin BZUSDTM | +0.0100% | 4h | 93.860 | +0.064% | $3.3M | $1.1M | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 94.250 | +0.480% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0165% / S −0.0429% | 1h | 94.065 | +0.283% | $22K | — | 111x | as long as short |
Aster BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Aftermath Perps BRENTUSD
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Extended XBR-USD
Paradex BZ-USD-PERP
BloFin BZ-USDT
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]