Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.018%

Price spread now: OKX against Ondo Perps+0.072%7-day average +0.089% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.072%, 7d avg +0.089%

Together, before fees−0.175%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: −$1 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	97.150	0.0023	pay 0.0003% / 1h	32m 37s	$3.1M	$994K	15x
Short	OKX BZ-USDT-SWAP	97.220	0	get 0.0000% / 4h	32m 37s	$16.1M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$4.87
Price spread: +0.072% → +0.089%: −$1.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.57
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.51 bp	7.7 bp −$8	11.1 bp −$111	28.7 bp −$2,874	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 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	96.605	−0.561%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	+0.010%	$236K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0005%	4h	97.280	+0.134%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.277	+0.131%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.243	+0.095%	$149.2M	$352.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	+0.062%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.220	+0.072%	$16.1M	$19.6M	50x
RISEx BZ/USDC	0.0000%	1h	97.181	+0.031%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	+0.021%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	+0.072%	$27.8M	$18.3M	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	97.286	+0.140%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	+0.071%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	+0.134%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	+0.134%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.010%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.570	+0.432%	$1.2M	$86K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+4.313%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	+0.166%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.693%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	+0.103%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0023%	1h	97.150	long leg	$3.1M	$994K	15x
Lighter BRENTOIL	+0.0032%	1h	97.230	+0.082%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.206	+0.057%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.202	+0.054%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.268	+0.121%	$155.2M	$114.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	+0.165%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	+0.162%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	+0.113%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.160	+0.010%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	+0.143%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	+0.129%	$115K	—	111x	as long as short