Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: Ondo Perps against HTX−0.051%7-day average −0.007% · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.051%, 7d avg −0.007%

Together, before fees+0.238%+ Points / potential airdropOndo Perps: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.044% cheaper against HTX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.660	0	get 0.0000% / 4h	2h 10m	$280K	$254K	75x
Short	Ondo Perps BRENT-USD.P	97.610	0.0050	get 0.0006% / 1h	10m 54s	$3.1M	$999K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.58
Price spread: −0.051% → −0.007%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$10.79
Costs to cover: 0.170%
Break-even: 14.1 days

Slippage unknown: HTX: live order book, 36 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 HTX live order book, 36 min ago	2.57 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	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	96.939	−0.738%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.133%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0041%	4h	97.680	+0.020%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.712	+0.053%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.703	+0.044%	$147.8M	$360.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	+0.031%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.700	+0.041%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.670	+0.010%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.670	+0.010%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.700	+0.041%	$27.8M	$17.3M	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	97.609	−0.052%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	−0.004%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.700	+0.041%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.690	+0.031%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.660	long leg	$280K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.640	−0.020%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	97.667	+0.007%	$225K	$227K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.687	+0.028%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.237	+0.591%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.74	+4.178%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.710	+0.051%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	+0.041%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.712	+0.053%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.679	+0.020%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.718	+0.059%	$154.5M	$124.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.730	+0.072%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	97.610	−0.051%	$3.1M	$999K	15x
Aftermath Perps BRENTUSD	+0.0071%	1h	97.687	+0.027%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.710	+0.051%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.710	+0.051%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.685	+0.026%	$116K	—	111x	as long as short