Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.013%

Price spread now: Ondo Perps against edgeX+0.197%54s7-day average −0.022% · you sell dearer than you buy

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.197%, 7d avg −0.022%

Together, before fees−0.146%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.219% dearer against edgeX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.022%. The two prices were read 54 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	edgeX BZUSDC	94.035	−0.0007	get 0.0003% / 4h	56m 02s	$216K	$230K	20x
Short	Ondo Perps BRENT-USD.P	94.220	0.0050	get 0.0006% / 1h	56m 02s	$3.0M	$1.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now +0.197%Rate

Funding earned: $12
Price spread: +0.197% → −0.022%: $21.87
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $19.87
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: edgeX: live order book, 49 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 edgeX live order book, 49 min ago	10.62 bp	15.1 bp −$15	15.7 bp −$157	59.6 bp −$5,959	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 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
RISEx BZ/USDC	−0.0384%	1h	94.234	+0.212%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.251	+0.230%	$106K	$276K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0280%	1h	94.290	+0.271%	$29K	$386K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	+0.122%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0060%	8h	94.400	+0.388%	$10.5M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0021%	4h	94.442	+0.433%	$145.7M	$465.9M	100x	as long as short
BloFin BZ-USDT	−0.0011%	4h	94.250	+0.229%	$1.5M	$123K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0010%	4h	93.888	−0.156%	$15K	$307K	25x	as long as short
edgeX BZUSDClong	−0.0007%	4h	94.035	long leg	$216K	$230K	20x
OKX BZ-USDT-SWAP	−0.0003%	4h	94.380	+0.367%	$15.8M	$28.6M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.450	+0.441%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.390	+0.378%	$8.8M	$12.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.470	+0.463%	$27.4M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.850	−0.197%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.300	+0.282%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	+0.090%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	+0.303%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	94.076	+0.043%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.801	+0.815%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.910	+4.121%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.330	+0.314%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.445	+0.436%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.852%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERP	+0.0037%	8h	94.270	+0.250%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.423	+0.413%	$139.3M	$184.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.276	+0.256%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	94.220	+0.197%	$3.0M	$1.2M	15x
KuCoin BZUSDTM	+0.0100%	4h	94.380	+0.367%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.870	−0.175%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.265	+0.245%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0504%	1h	94.280	+0.261%	$32K	—	20x	as long as short