Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.015%
Price spread now: Ondo Perps against gTrade (Gains Network)−0.614%45s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.614% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.614% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 53 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BRENT/USD97.529L +0.0011% / S −0.0011%pay 0.0001% / 1h49m 39s
ShortOndo Perps BRENT-USD.P96.9300.0050get 0.0006% / 1h49m 39s$3.1M$1.1M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against gTrade (Gains Network). 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

Funding earned
$8.19
Price spread: −0.614% → 0.000%
−$61.42
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$68.23
Costs to cover
0.150%
Break-even
65.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Ondo Perps no order-book sample
gTrade (Gains Network) and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.207−1.355%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0104%1h96.810−0.737%$234K$425K15xas long as short
Aster BZUSDT0.0000%4h96.980−0.563%$337K$998K50xas long as short
Binance BZUSDT0.0000%4h96.946−0.598%$146.5M$375.6M100xas long as short
Bybit BZUSDT0.0000%8h96.930−0.614%$10.3M$13.4M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h96.950−0.594%$15.9M$20.8M50xas long as short
RISEx BZ/USDC0.0000%1h96.945−0.599%$2.3M$1.3M20xas long as short
Hotstuff BRENTOIL-PERP0.0000%1h96.990−0.553%$33K20xas long as short
Gate BZ_USDT0.0000%8h96.910−0.635%$9.2M$12.3M100xas long as short
Bitget BZUSDT0.0000%4h96.940−0.604%$27.4M$16.4M100xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.006−0.536%$9.4M$7.1Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.011−0.531%$37K$343K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.020−0.522%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h96.990−0.553%$104K$239K15xas long as short
HTX BRENTOIL-USDT0.0000%4h96.990−0.553%$278K$269K75xas long as short
Phemex XBRUSDT0.0000%4h97.010−0.532%$1.2M$84K100xas long as short
gTrade (Gains Network) BRENT/USDlongL +0.0011% / S −0.0011%1h97.529long leg
edgeX BZUSDC+0.0015%4h96.887−0.658%$222K$227K20xas long as short
Lighter BRENTOIL+0.0032%1h96.960−0.583%$3.3M$4.5M20xas long as short
Extended XBR-USD+0.0032%1h96.959−0.584%$676K$4.9M10xas long as short
Vest BZ-PERP+0.0046%1h101.05+3.610%$735K10xas long as short
Paradex BZ-USD-PERP+0.0049%8h96.953−0.591%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h96.970−0.573%$151.9M$125.6M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.062−0.479%$1.5M$446K20xas long as short
Ondo Perps BRENT-USD.Pshort+0.0050%1h96.930−0.614%$3.1M$1.1M15x
KuCoin BZUSDTM+0.0100%4h97.050−0.491%$3.8M$876K50xas long as short
ApeX Omni BZUSDT+0.0100%1h96.970−0.573%$25K$273K50xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0180% / S +0.0062%1h96.985−0.558%$126K111xas long as short
Aftermath Perps BRENTUSD+0.0198%1h96.969−0.574%$7K$44K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0298%1h97.027−0.515%$84K$218K20xas long as short