BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.042%

Price spread now: Coinbase International against Ondo Perps−0.062%7-day average −0.060% · you buy dearer than you sell

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

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.312%−$31 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.062%, 7d avg −0.060%

Together, before fees−0.285%+ Points / potential airdropOndo Perps: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	96.870	0.0050	pay 0.0006% / 1h	47m 57s	$3.1M	$1.1M	15x
Short	Coinbase International BRENTOIL-PERP-INTX	96.810	−0.0104	pay 0.0013% / 1h	47m 57s	$234K	$425K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. 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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$32.42
Price spread: −0.062% → −0.060%: −$0.15
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.57
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 15 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 15 min ago	0.52 bp	5.5 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.684%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0104%	1h	96.810	−0.062%	$234K	$425K	15x
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.970	+0.103%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.945	+0.078%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.954	+0.087%	$146.6M	$375.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	+0.083%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	+0.093%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.949	+0.082%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.920	+0.052%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.950	+0.083%	$27.4M	$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
Variational Omni BZ	0.0000%	4h	97.006	+0.140%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.146%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.103%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.960	+0.093%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	+0.052%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.960	+0.093%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.493	+0.643%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.887	+0.018%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	+0.093%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.968	+0.102%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.00	+4.263%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.949	+0.082%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.975	+0.108%	$151.9M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.015	+0.150%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	96.870	long leg	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.165%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.970	+0.103%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0060%	1h	96.955	+0.088%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0197%	1h	96.969	+0.102%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.985	+0.119%	$84K	$218K	20x	as long as short