BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h −0.010%

Price spread now: Ondo Perps against tradeXYZ−0.085%7-day average −0.107% · you buy dearer than you sell

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

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.085%, 7d avg −0.107%

Together, before fees+0.026%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.107%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	96.242	0.0050	pay 0.0006% / 1h	12m 55s	$151.1M	$144.1M	20x
Short	Ondo Perps BRENT-USD.P	96.160	0.0405	get 0.0051% / 1h	12m 55s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. 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 tradeXYZbpFee Ondo PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: $74.51
Price spread: −0.085% → −0.107%: $2.17
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $53.68
Costs to cover: 0.230%
Break-even: 2.0 days

Slippage unknown: tradeXYZ: live order book, 7 min ago; Ondo Perps: 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 tradeXYZ live order book, 7 min ago	0.05 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	96.195	−0.049%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.788%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	96.240	−0.002%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.179%	$232K	$534K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.189	−0.055%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.033%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−0.043%	$145.8M	$452.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	−0.033%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.054%	$15.8M	$26.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.160	−0.085%	$9.2M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.180	−0.064%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.063%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.206	−0.037%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.220	−0.023%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.230	−0.012%	$103K	$275K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.120	−0.127%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.200	−0.044%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	96.186	−0.058%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0029%	8h	96.189	−0.055%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0039%	4h	96.160	−0.085%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.880	+3.780%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	96.242	long leg	$151.1M	$144.1M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.262	+0.021%	$1.5M	$525K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	96.270	+0.029%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.148%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.210	−0.033%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.246	+0.004%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0272%	1h	96.220	−0.023%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0405%	1h	96.160	−0.085%	$3.1M	$1.1M	15x
Extended XBR-USD	+0.0560%	1h	96.133	−0.113%	$675K	$5.2M	10x	as long as short