Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h +0.019%

Price spread now: Ondo Perps against Binance+0.011%46s7-day average −0.108% · you sell dearer than you buy

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.011%, 7d avg −0.108%

Together, before fees+0.025%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.118% dearer against Binance than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.108%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	95.210	0	get 0.0000% / 4h	2h 56m	$146.1M	$393.9M	100x
Short	Ondo Perps BRENT-USD.P	95.220	−0.0132	pay 0.0016% / 1h	56m 50s	$3.0M	$1.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$27.72
Price spread: +0.011% → −0.108%: $11.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$30.89
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	0.52 bp	5.5 bp −$6	6.4 bp −$64	12.0 bp −$1,196	52.7 bp −$26.4K
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 31 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0380%	1h	95.260	+0.053%	$98K	$268K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0339%	1h	95.263	+0.055%	$81K	$204K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.292	+0.086%	$2.4M	$1.8M	20x	as long as short
Ondo Perps BRENT-USD.Pshort	−0.0132%	1h	95.220	+0.011%	$3.0M	$1.0M	15x
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	0.000%	$14K	$328K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.240	+0.032%	$276K	$590K	15x	as long as short
Bybit BZUSDT	−0.0053%	8h	95.210	0.000%	$10.1M	$14.7M	100x	as long as short
BloFin BZ-USDT	−0.0025%	4h	95.220	+0.011%	$1.5M	$102K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.194	−0.017%	$328K	$703K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	95.210	long leg	$146.1M	$393.9M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.200	−0.011%	$15.9M	$23.1M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.160	−0.053%	$9.1M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.210	0.000%	$27.8M	$22.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	+0.029%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.270	+0.063%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.380	+0.179%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.357%	$1.2M	$80K	100x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0004%	1h	95.249	+0.041%	$1.6M	$386K	20x	as long as short
Vest BZ-PERP	+0.0011%	1h	98.950	+3.928%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.466%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	95.168	−0.044%	$219K	$230K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	95.258	+0.050%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.220	+0.011%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.238	+0.030%	$747K	$2.7M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	95.370	+0.168%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+1.189%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.255	+0.047%	$153.0M	$128.3M	20x	as long as short
Aftermath Perps BRENTUSD	+0.0050%	1h	95.388	+0.187%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.210	0.000%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.320	+0.116%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	+0.037%	$33K	—	111x	as long as short