Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.022%

Price spread now: Ondo Perps against BloFin−0.072%7-day average −0.040% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.072%, 7d avg −0.040%

Together, before fees+0.568%+ Points / potential airdropOndo Perps: Active · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.040%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.071% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.940	−0.0030	get 0.0015% / 4h	1h 46m	—	$87K	50x
Short	Ondo Perps BRENT-USD.P	96.870	0.0050	get 0.0006% / 1h	46m 23s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.072%Rate

Funding earned: $16.78
Price spread: −0.072% → −0.040%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.45
Costs to cover: 0.170%
Break-even: 8.4 days

Slippage unknown: BloFin: live order book, 66 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 BloFin live order book, 66 min ago	0.52 bp	6.9 bp −$7	9.5 bp −$95	18.8 bp −$1,882	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	96.207	−0.756%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.134%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.930	−0.010%	$33K	—	20x	as long as short
BloFin BZ-USDTlong	−0.0030%	4h	96.940	long leg	—	$87K	50x
Aster BZUSDT	0.0000%	4h	96.898	−0.043%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.906	−0.035%	$146.5M	$375.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.031%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.021%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.908	−0.033%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.870	−0.072%	$9.2M	$12.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.920	−0.021%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	+0.068%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.073%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.960	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.010%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.900	−0.041%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.943	+0.003%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.455	+0.532%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	−0.021%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.929	−0.012%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.98	+4.168%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.911	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.941	+0.001%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.975	+0.036%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	96.870	−0.072%	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	96.990	+0.052%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.930	−0.010%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0058%	1h	96.905	−0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0192%	1h	96.953	+0.014%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.945	+0.005%	$83K	$218K	20x	as long as short