BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: tradeXYZ against Ondo Perps+0.167%7-day average +0.100% · you sell dearer than you buy

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

Long on Ondo Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.461%−$46 · spread now +0.167%, 7d avg +0.100%

Together, before fees−0.452%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.067% dearer against Ondo Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	94.990	0.0001	pay 0.0000% / 1h	7m 52s	$3.1M	$1.1M	15x
Short	tradeXYZ xyz:BRENTOIL	95.149	0.0050	get 0.0006% / 1h	7m 52s	$144.9M	$140.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpOrdersPrice spread, now +0.167%Rate

Funding earned: $10.33
Price spread: +0.167% → +0.100%: $6.69
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$5.98
Costs to cover: 0.230%
Break-even: 11.0 days

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	0.47 bp	9.7 bp −$10	10.8 bp −$108	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 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0591%	1h	95.100	+0.116%	$61K	$309K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0340%	1h	95.096	+0.111%	$94K	$248K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.063	+0.077%	$2.3M	$1.9M	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.420	+0.453%	$270K	$647K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0048%	4h	95.155	+0.174%	$14K	$312K	25x	as long as short
Bybit BZUSDT	−0.0028%	8h	95.090	+0.105%	$10.1M	$15.5M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.066	+0.080%	$328K	$693K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.090	+0.105%	$146.4M	$422.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.080	+0.095%	$16.1M	$25.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.040	+0.053%	$9.1M	$12.7M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	95.070	+0.084%	$27.9M	$26.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.184	+0.204%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.080	+0.095%	$4K	$1.8M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.070	+0.084%	$272K	$260K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.310	+0.337%	$1.2M	$81K	100x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0001%	1h	94.990	long leg	$3.1M	$1.1M	15x
edgeX BZUSDC	+0.0001%	4h	95.143	+0.161%	$219K	$230K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.650	+0.694%	—	—	—	as long as short
Vest BZ-PERP	+0.0019%	1h	98.740	+3.948%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.120	+0.137%	$3.5M	$5.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.127	+0.145%	$656K	$3.3M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−0.162%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0034%	1h	95.254	+0.278%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0038%	4h	95.050	+0.063%	$1.6M	$109K	50x	as long as short
Paradex BZ-USD-PERP	+0.0039%	8h	95.047	+0.060%	$1K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOILshort	+0.0050%	1h	95.149	+0.167%	$144.9M	$140.3M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.081	+0.096%	$1.6M	$392K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.130	+0.147%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.270	+0.295%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	95.240	+0.263%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.105	+0.121%	$33K	—	111x	as long as short