Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: Ondo Perps against Gate+0.010%7-day average −0.032% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days+0.100%+$10 · spread now +0.010%, 7d avg −0.032%

Together, before fees+0.290%+ Points / potential airdropOndo Perps: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.910	0	get 0.0000% / 8h	6h 15m	$9.2M	$12.8M	100x
Short	Ondo Perps BRENT-USD.P	96.920	0.0050	get 0.0006% / 1h	15m 45s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now +0.010%Rate

Funding earned: $10.58
Price spread: +0.010% → −0.032%: $4.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$5.22
Costs to cover: 0.200%
Break-even: 10.5 days

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	1.03 bp	10.5 bp −$10	17.6 bp −$176	27.4 bp −$2,736	39.9 bp −$19.9K
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 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	95.978	−0.962%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.103%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.982	+0.074%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.960	+0.052%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	+0.021%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	+0.041%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.956	+0.047%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.910	long leg	$9.2M	$12.8M	100x
Bitget BZUSDT	0.0000%	4h	96.940	+0.031%	$27.5M	$16.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.927	+0.018%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.873	−0.039%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.062%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	+0.062%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	+0.062%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	+0.031%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.484	+0.593%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.824	−0.089%	$222K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	+0.041%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.981	+0.074%	$676K	$5.0M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.02	+4.241%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.947	+0.038%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.976	+0.068%	$151.9M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.001	+0.094%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	96.920	+0.010%	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.030	+0.124%	$3.8M	$885K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.880	−0.031%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.910	0.000%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0084%	1h	96.945	+0.036%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0232%	1h	96.862	−0.049%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.965	+0.057%	$84K	$218K	20x	as long as short