Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.020%

Price spread now: Ondo Perps against Bitget−0.042%7-day average −0.103% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.042%, 7d avg −0.103%

Together, before fees+0.082%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.061% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	95.930	0	get 0.0000% / 4h	3h 31m	$27.6M	$23.2M	100x
Short	Ondo Perps BRENT-USD.P	95.890	0.0005	get 0.0001% / 1h	31m 11s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: $1.01
Price spread: −0.042% → −0.103%: $6.09
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.9
Costs to cover: 0.170%
Break-even: 75.8 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.52 bp	8.0 bp −$8	9.5 bp −$95	25.3 bp −$2,533	85.6 bp −$42.8K
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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0359% / S +0.0369%	1h	95.945	+0.016%	$114K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.293	−0.664%	$10K	$4K	30x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0130%	1h	95.952	+0.023%	$81K	$262K	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0128%	1h	95.990	+0.063%	$230K	$839K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.949	+0.019%	$332K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.951	+0.022%	$145.6M	$480.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.930	0.000%	$10.3M	$16.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.930	0.000%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.939	+0.009%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	95.940	+0.010%	$33K	—	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.900	−0.031%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	95.930	long leg	$27.6M	$23.2M	100x
Variational Omni BZ	0.0000%	4h	95.916	−0.014%	$9.5M	$11.6M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.913	−0.018%	$26K	$410K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.970	+0.042%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.960	+0.031%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.820	−0.115%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.930	0.000%	$1.2M	$100K	100x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0005%	1h	95.890	−0.042%	$3.1M	$1.1M	15x
edgeX BZUSDC	+0.0011%	4h	95.913	−0.017%	$219K	$235K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.646	+0.747%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	+0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.958	+0.029%	$670K	$5.3M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0043%	1h	95.951	+0.022%	$6K	$47K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.03	+4.274%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0046%	4h	95.930	0.000%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	95.931	+0.001%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.962	+0.033%	$147.8M	$145.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.012	+0.085%	$1.5M	$545K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.010	+0.083%	$3.7M	$992K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.930	0.000%	$25K	$270K	50x	as long as short