BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0638%/8h= −69.9% APRnext payment −$0.80 per $10,000 · paid last 24h +0.036%

Price spread now: Ondo Perps against Vest−3.894%7-day average −3.244% · you buy dearer than you sell

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

Long on Vest Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.139%+$14 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −3.894%, 7d avg −3.244%

Together, before fees+0.112%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Ondo Perps is 0.650% cheaper against Vest than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −3.244%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.139%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.139% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 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	Vest BZ-PERP	99.630	0.0046	pay 0.0006% / 1h	48m 29s	—	$735K	10x
Short	Ondo Perps BRENT-USD.P	95.750	−0.0593	pay 0.0074% / 1h	48m 29s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Vest. 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 VestbpFee Ondo PerpsbpOrdersPrice spread, now −3.894%Rate

Funding earned: −$134.08
Price spread: −3.894% → −3.244%: −$64.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$206.07
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Vest and 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 −0.0799% / S +0.0481%	1h	95.785	−3.859%	$114K	—	29x	as long as short
Ondo Perps BRENT-USD.Pshort	−0.0593%	1h	95.750	−3.894%	$3.0M	$1.1M	15x
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−4.398%	$8K	$7K	30x	as long as short
Lighter BRENTOIL	−0.0176%	1h	95.810	−3.834%	$3.3M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0172%	1h	95.800	−3.844%	$147.4M	$146.6M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0152%	1h	95.790	−3.854%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.779	−3.865%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.740	−3.904%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	−3.884%	$34K	$396K	25x	as long as short
Paradex BZ-USD-PERP	−0.0018%	8h	95.762	−3.882%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	−3.593%	$232K	$680K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.832	−3.812%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.790	−3.854%	$145.4M	$482.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.760	−3.884%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.770	−3.874%	$15.7M	$28.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.760	−3.884%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.780	−3.864%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	−3.908%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.790	−3.854%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.800	−3.844%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.740	−3.904%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.820	−3.824%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	−3.909%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0015%	1h	95.802	−3.842%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.902	−3.742%	$675K	$5.3M	10x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	99.630	long leg	—	$735K	10x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.815	−3.829%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.810	−3.834%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.780	−3.864%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.808	−3.837%	$81K	$244K	20x	as long as short