BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.008%

Price spread now: Ondo Perps against Kraken Futures−0.083%7-day average −0.057% · you buy dearer than you sell

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

Long on Kraken Futures Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+1.013%+$101 on $10k

Price spread, last 4 days (all we have)+0.448%+$45 · spread now −0.083%, 7d avg −0.057%

Together, before fees+1.461%+ Points / potential airdropOndo Perps: Active · farm board+$146 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.013%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	97.011	0.0298	pay 0.0037% / 1h	24m 36s	$84K	$218K	20x
Short	Ondo Perps BRENT-USD.P	96.930	0.0050	get 0.0006% / 1h	24m 36s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Kraken Futures. 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 Kraken FuturesbpFee Ondo PerpsbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$52.04
Price spread: −0.083% → −0.057%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$69.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 38 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 Kraken Futures live order book, 38 min ago	3.20 bp	16.7 bp −$17	24.3 bp −$243	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 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
Injective BRENT/USDC PERP	−0.0220%	1h	96.164	−0.873%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.114%	$233K	$431K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	96.910	−0.104%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.894	−0.120%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.900	−0.114%	$146.7M	$373.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.880	−0.135%	$10.3M	$13.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	−0.114%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.900	−0.114%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.860	−0.156%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.920	−0.094%	$27.4M	$16.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.955	−0.058%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.959	−0.054%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.000	−0.011%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−0.022%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.094%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.990	−0.022%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.532	+0.537%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	96.953	−0.059%	$222K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0024%	4h	96.980	−0.032%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.900	−0.114%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.912	−0.102%	$676K	$4.7M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.04	+4.153%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.905	−0.109%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.918	−0.096%	$151.8M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.038	+0.028%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	96.930	−0.083%	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	96.960	−0.053%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.000	−0.011%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0161%	1h	96.961	−0.051%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0041%	1h	96.985	−0.027%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0298%	1h	97.011	long leg	$84K	$218K	20x